Caledonia unveils new FD

20th Nov 2009 07:51

Investment company Caledonia Investments has settled on former De La Rue man Stephen King as its new finance director.King will take over from Jonathan Cartwright when he steps down from the board on 9 December.King, a qualified chartered accountant, has held senior financial positions with Lonhro, Lucas Industries and Seeboard and was group finance director (FD) of Midlands Electricity before becoming group FD of De La Rue in 2003.King left De La Rue in 2009. He is currently a non-executive director of Weir Group, where he is Chairman of the Audit Committee.The company has been looking for a new finance director since the beginning of August when Cartwright announced his decision to retire after more than 20 years with the company.