September 27, 2017 / 6:56 AM / a month ago

Britain's Diploma Plc CEO Bruce Thompson to retire

(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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