Martin Fausset has been appointed managing director of Ricardo UK, taking over from interim MD Bill Jessup.
Fausset has extensive experience of managing large UK companies. Most recently, he was managing director of Rolls-Royce plc's Defence Aerospace business. Under his leadership the company substantially increased its turnover and improved customer satisfaction.
Prior to this, Fausset was director of programmes for AgustaWestland with specific responsibilities including for profit and loss of the Lynx, EH101 and Apache helicopter programmes.
Fausset holds is a Fellow of the Royal Aeronautical Society, a Member of Chartered Institute of Purchasing and Supply and is the current chairman for Business in the Community in the South West.
Commenting on the appointment of Martin Fausset as the new managing director of Ricardo UK Ltd, Ricardo CEO Dave Shemmans said Fausset brought 'extremely valuable experience in the successful, efficient and profitable management of large and complex engineering and technology businesses'.