Published by Global Banking & Finance Review®
Posted on August 21, 2025
2 min readLast updated: January 22, 2026
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Renishaw's finance director Allen Roberts will retire after 46 years. The company faces U.S. tariff challenges and forecasts revenue between 700-720 million pounds.
(Reuters) -British engineering firm Renishaw said on Thursday that its Group Finance Director Allen Roberts will step down at the end of the year, ending a 46-year career at the company.
Roberts was appointed as finance head in 1980, and has remained in the position since, and in recent years has seen Renishaw through strategy changes, COVID-19 lockdowns, and U.S. tariff pressures.
The company has commenced a search to recruit a chief financial officer, it said.
Renishaw has proposed passing on additional costs from U.S. tariffs to customers as it grapples with the levies due to the use of high-grade metals in its products, along with exposure through customers in aerospace, automotive and industrial machinery sectors.
The company on Thursday forecast annual revenue around the middle of the 700 million pounds to 720 million pounds ($941.57 million to $968.47 million) range, and adjusted pre-tax profit towards the top end of 109 million pounds to 127 million pounds band.
Renishaw shares have fallen 11.7% so far this year.
($1 = 0.7434 pounds)
(Reporting by Unnamalai L in Bengaluru; Editing by Nivedita Bhattacharjee and Mrigank Dhaniwala)
A finance director is a senior executive responsible for managing the financial operations of a company, including financial planning, risk management, record-keeping, and financial reporting.
Corporate governance refers to the systems, principles, and processes by which a company is directed and controlled, ensuring accountability and transparency in its operations.
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