Melrose boss to retire at end of 2020
David Roper, one of the founders of Melrose, has announced he is retiring from the industrial buyout firm a year after its £8bn acquisition of GKN.
UK-based aerospace components firm GKN is considered one of the potential front-runners to buy Bombardier's Northern Ireland operation.
The Melrose executive vice-chairman said he would step down from the London-listed firm at the end of May 2020.
The 69-year-old set up the business with Christopher Miller and Simon Peckham and oversaw a number of transactions as the company's chief executive between 2003 and 2012.
Melrose led a hostile takeover of FTSE-100 listed engineering giant GKN last year, sealing an £8bn deal for the firm following a protracted process punctuated by government interventions.
The retirement announcement came ahead of the Melrose annual general meeting.