LONDON (ShareCast) - (Sharecast News) - Caledonia Investments announced on Thursday that it has appointed Tim Livett as its chief financial officer, with effect from 12 March next year.
The FTSE 250 company said Livett would join Caledonia from the Wellcome Trust, where he has been chief financial officer since 2014.

Prior to that position, he worked for Virgin Atlantic for ten years, initially as finance director and later as chief financial officer, having previously held senior financial positions at Hudson Global Resources and British Airways.

As it had previously announced, Stephen King - Caledonia's current finance director - would step down from the board and leave the company on 30 November, following its half-year results.

Caledonia's finance team would report directly to the chief executive officer, pending Tim Livett's arrival.

"We are delighted that Tim Livett will be joining our board," said chief executive Will Wyatt.

"His knowledge and insight gained from his responsibilities at Wellcome, in particular from his risk and performance oversight of its asset management division, which manages the Trust's £23bn mixed asset portfolio, will be highly complementary to our management team.

"I would also like again to extend the board's thanks to Stephen King for his contribution to Caledonia over his past nine years as finance director, and we wish him every success in the future."

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