Engineering firm Renishaw has appointed a new group HR director following a rise in profits for the last financial year.
Clare Nicholls has joined the Gloucestershire-headquartered business from TT Electronics, where she was executive vice president of human resources.
Ms Nicholls has also previously worked at Boeing across its non-US business and for Tata Steel and its predecessors across Europe.
She will lead the implementation of Renishaw’s global people strategy, with a focus on people development and strengthening organisational culture, the Wotton-under-Edge firm said.
She will also oversee HR and health and safety services worldwide, including early careers and STEM outreach.
“Clare’s proven experience in managing change within relevant industry sectors and diverse geographies will be invaluable as Renishaw enters its next phase of growth and innovation,” said Will Lee, Renishaw’s chief executive. “Her strategic mindset and people-first approach are a perfect fit for our evolving business.”
Ms Nicholls added: “I’m delighted to be joining Renishaw and look forward to working with employees across the business. I’m excited to help shape the company’s future by building on its strong commitment to people and innovation.”
The announcement comes just days after Renishaw raised its full-year revenue and profit guidance.
The precision engineering company posted record revenues for the financial year ended June 30, 2025, to £713m - up from £691.3m a year earlier. Operating profit also jumped to £112.3m for the year, from £108.7m the year before.
Mr Lee said: "We continue to make solid progress with our innovation-led growth strategy, introducing many exciting new products this year and equipping our expanded manufacturing facilities for future growth."
Renishaw said it had experienced a "steady start" to the 2026 financial year, in line with expectations.
"Despite the continued global uncertainty, the structural drivers that underpin our markets are presenting growth opportunities across our businesses and at this stage we are expecting to achieve further steady revenue growth in the year ahead," added Mr Lee.
"We are focused on achieving our financial targets over time of high, single-digit average through-cycle revenue growth and adjusted operating profit margins of 20%. To improve our margins, we are continuing to invest in our IT transformation and productivity improvements, and we are reducing our fixed costs in relation to the size of the business with clear targets for production, engineering, distribution and administration costs."
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