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BUSINESS NEWS news


Abergavenny solicitor wins Law Society honour


A


solicitor from Abergavenny has been recognised for her outstanding legal achievement at this year’s Law Society


Excellence Awards. Lynette Vaughan, who is an associate


at Watkins & Gunn, was awarded Highly Commended in the Legal Executive of the Year category at the high profile ceremony at Old Billingsgate in London. The annual Law Society Excellence Awards


celebrate the outstanding achievements of the legal profession in England and Wales, recognising exceptional legal practitioners in their field. Lynette began her legal career as an office


junior with no formal qualifications and has quickly progressed, first becoming a legal executive and then an Associate of Watkins & Gunn. Now one of the firm’s highest fee earners, this year Lynette was appointed a member of the Law Society’s Personal Injury Panel. Lynette said: “Overall this has been a very


successful year for me. I’m incredibly honoured to have even been nominated and when they announced that I had won Highly Commended I was overwhelmed.” Clive Thomas, Managing Partner at Watkins


& Gunn added: “We spotted potential in Lynette early on in her career but she continues to exceed our already high expectations and has become one of the firm’s strongest success stories. We are extremely proud of all that she has achieved in her time with us and are thrilled that she has received this Law Society recognition.”


Society appoints vice chairman


Paul Sheppard, a chartered accountant and former audit partner with Deloitte, has been appointed vice chairman of Monmouthshire Building Society. Mr Sheppard, pictured below, succeeds


John Farrow, who has served in the position for the past two years and as Chairman for the previous five years. Mr Sheppard, who was educated in


Birmingham, graduated from Cambridge University in 1975 with an honours degree in Natural Sciences. He qualified as a chartered accountant


before progressing to an audit partner with the then Touche Ross & Co, with whom he relocated to South Wales in the late 1980s. He worked in Newport and Cardiff until the late 1990s. After a final spell with Deloitte on the


South Coast, he moved to Bath in 2005 from where he has been employed by the Financial Reporting Council in audit regulation. He is also the vice chair of the Board of The Arts University College at Bournemouth, a specialist higher education institution offering degrees in all aspects of the arts. He was invited to join the board of directors


of the Monmouthshire Building Society in 2005. Mr Sheppard said: “I am proud to have


served the society over the last six years. It has been particularly gratifying to witness its continued growth and success year on year despite the very difficult market conditions.


Contour to merge with Zodiac Aerospace


Cwmbran-based Contour Aerospace Limited is to be sold to Zodiac Aerospace SA, the French-owned world leader in aerospace equipment and systems for commercial aircraft. The conditional agreement is subject to


regulatory approvals and is expected to be concluded early in the new year. Over the last 75 years, Contour, which


Lynette Vaughan 4 THEbusiness QUARTER


employs more than 1,000 at Cwmbran and 250 at its Camberley plant, has offered cutting-edge, innovative solutions for its customers, creating bespoke aircraft interiors for the world’s leading airlines.


It was the first to create and fit lie-flat


seats into a British Airways fleet, as well as creating premium individual cabins and the world’s commercial airline first swivel seat, installed in the American Airlines Flagship Suite. Zodiac Aerospace employs 23,000


people worldwide and generated revenue of Û2.75bn in 2010/2011 from its three business segments of cabin interiors, aero safety and technology and aircraft systems. Contour joint managing director Ian


Plummer said: “This signals an exciting new phase in Contour’s development.”


As vice chairman, I will continue to put the interests of our members at the forefront of all our business activity. As a mutual organisation, it is vital we continue to deliver competitive products and a first rate service for customers, while maintaining prudent management to allow the society to continue to flourish.” The Newport-based mutual society recently


announced another excellent set of annual results, in which its assets grew to a record £742m, up from £692m the previous year. In the 12 months to April 30, 2011, it experienced exceptional growth of 7.2 per cent, while profit after tax exceeded £2.4m.


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