Cobham Plc (COB.L) Announced, in its Q1 trading update, that the Group's overall trading performance in the first quarter of the year has been in line with the Board's expectations, with the Group continuing its focus on improving operational performance and simplifying the business. The overhead cost reduction plan in the Advanced Electronic Solutions Sector has commenced with anticipated 2019 savings of $20 million, as announced at its preliminary results on 7 March 2019. Separately, the company announced the appointment of Jamie Pike as a Non-executive Director and Chairman elect from 1 May 2019. He will take over as Chairman after a short handover period and taking account of the proposed completion of the takeover of RPC Group Plc, where he is currently Chairman
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