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Britain's Diploma Plc CEO Bruce Thompson to retire

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Britain's Diploma Plc CEO Bruce Thompson to retire

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(Reuters) – British industrial component maker Diploma Plc <DPLM.L> said its longstanding Chief Executive Bruce Thompson would retire next year. The company, a supplier of components for Formula 1 cars, said Thompson planned to retire before the end of September 2018 and it was looking for a replacement. Thompson, who became CEO in 1996, has led a major restructuring of the group, divesting its three traditional core businesses, the company said.

(Reporting by Radhika Rukmangadhan in Bengaluru; Editing by Amrutha Gayathri)
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