Cimteq Executive Board strengthened by appointment of new CEO
Cimteq is pleased to announce that it has strengthened its Executive Board with the appointment of Mike Braddock as its new CEO. The appointment marks a new chapter in the company’s history as it embarks on an ambitious programme of growth for the next decade.
Wrexham/GB (Cimteq) – Cimteq is pleased to announce that it has strengthened its Executive Board with the appointment of Mike Braddock as its new CEO. The appointment marks a new chapter in the company’s history as it embarks on an ambitious programme of growth for the next decade. Mike’s appointment comes at an exciting time for Cimteq. Only 12 months on from a £2.5 million investment from the Foresight Regional Investment Fund, Cimteq’s growth strategy has already accelerated with an increase of 65% in staff levels.
Cimteq founder Ali Shehab will be working closely with Mike to develop the overall strategic direction for the business in his role as President. Amanda Shehab will continue to oversee internal operations in her role as Director, and in partnership with other Executive Board members Rob Douglass (Operations Director) and Deborah Jones (Finance Director).
In welcoming Mike to the Cimteq Board, Ali Shehab, Cimteq founder, comments: “We have very bold aspirations here at Cimteq. Mike’s overall brief is one of growth, building on the strategy, mission, vision and values that have made Cimteq a cable software manufacturer of choice for some 20 years. Mike will be joining a highly ambitious team of individuals, and I’ve no doubt that his previous experience of, and leadership in, continuous improvement and transformation make him at incredible asset to our company.”
Adding his own thoughts on his new role as CEO, Mike adds: “What drives me as an individual is helping companies to evolve and capitalise on changing market conditions. In my role as Managing Director of a FMCG business in the North West, I spearheaded the acceleration of the business achieving an 80% growth in turnover in only five years. More recently, I supported the three founders of a private equity backed engineering business with the execution of an MBO.
I’ve spent my whole career in manufacturing businesses and I like to think that my understanding of customer need coupled with my interest and background in accountancy and finance mean I can lead on solutions that are win-win for both client and Cimteq.”