Philip has been a member of Reaction Engines’ Board since July 2021 and previously held the position of Senior Independent Non-Executive Director. He has served as Reaction Engines’ Acting Chair since April 2023 following the passing of the Company’s long-standing Chairman Nigel McNair Scott.
Following a 20-year career in investment banking, Philip has been MP for Ludlow since 2005 and has held several government roles including Minister for Defence Procurement and Minister of State for Health. He is currently Chairman of the Environmental Audit Committee and has recently announced that he will be standing down from Parliament at the next General Election.
Following Philip’s appointment as Chair, Andrea Minton Beddoes, an existing Independent Director, will become acting Senior Independent Non-Executive Director.
Philip Dunne said: “It is an honour to be asked to succeed Nigel McNair Scott as Chairman of Reaction Engines, though in circumstances none of us would have wished for.
Reaction Engines is a hugely innovative Company that is bringing its ground-breaking thermal management technology to a range of aerospace, automotive, energy and other industrial applications.
I am delighted that Andrea has agreed to take up the Senior Independent Director role and I look forward to working with the Board and the executive team led by Mark Thomas to develop the extensive commercial opportunities open to the Company.”
Philip was appointed to the Board of Reaction Engines in 2021 as Non-Executive Director. Philip has been MP for Ludlow since 2005. He served as Minister for Defence Procurement from 2012-2016 and as Minister of State for Health from 2016-2018. He was Deputy Chairman of the Defence Growth Partnership from 2018-2022. He has been a member of the Environmental Audit Committee since 2018 and its Chairman since 2020.
He had a 20-year career in investment banking before entering politics. He was co-founding director of Ottakar’s plc, a director of charity JDRF, fund manager, Ruffer LLP, and chairman of a quoted Venture Capital Trust.
Andrea Minton Beddoes
Andrea was appointed to the Reaction Engines Board as a Non-Executive Director in January 2021. Andrea has over 25 years’ experience in corporate communications, reputation and stakeholder management and currently holds a portfolio of non-executive and trustee roles. Following an early career in the finance sector at Zurich Financial Services as Director of Office, Andrea undertook high-profile roles at McKinsey & Company within the Global Communications Leadership Team, transforming the UK’s approach to reputation building, and established a network for professional women across the public, private and voluntary sectors. Andrea holds a degree from Oxford University and completed a one-year postgraduate study at Harvard University, Graduate School of Arts and Sciences.