Global aerospace OEM Ontic has appointed Gareth Parkin as its new global chief financial officer to succeed Toby Woolrych who will be leaving the role after three years at the end of March.
Parkin will join Ontic on February 14, 2025, and will be based at the firm’s Creedmoor facility in North Carolina.
Parkin joins Ontic from Messer America, a provider of industrial and medical gases, where he was part of the leadership team that successfully took the company through a sale process involving GIC in 2023.
Prior to this, Parkin spent 19 years in various financial and commercial roles within The Linde Group. Most notably here he led the divestiture of multiple assets across the Americas to meet anti-trust requirements, the largest asset package becoming the newly formed Messer Americas which was acquired by CVC in 2019.
Gareth Hall, Ontic’s chief executive, said: “I would like to thank Toby for his significant contribution to Ontic. He has provided strategic leadership during a period of significant growth for the business where Ontic expanded its global footprint, signed a record volume and value of licenses, and extended its offering to an ever-larger number of customers and platforms.
“We’re delighted to welcome Gareth, who will oversee increased investment in enhanced customer support teams, dedicated repair capabilities, ongoing supply chain improvements, sustainment engineering resource, sector-leading data analytics capabilities, and the investment into our dedicated MRO network.”
Hall added: “These initiatives will reinforce Ontic’s unique abilities in the transition of complex part manufacture from licensors into Ontic’s facilities while maintaining or enhancing part availability to customers.”
READ MORE NEWS: Ontic to relocate North Carolina operations to new Florida site
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