ACE Winches strengthens management teamCompany News // April 22, 2014
Deck machinery specialist, ACE Winches has appointed Kevin McLardy as the company’s chief financial officer to manage its financial strategy at a time of significant growth.
As a member of the Board of Management, Mr McLardy will play a key role in organisational decision-making, whilst holding the overall responsibility of seamlessly running all budgetary and financial activities.
Mr McLardy previously spent seven years at Ernst and Young LLP (UK), where he was a senior member of the Mergers and Acquisitions team, primarily focusing on the oil field services sector. He brings with him 20 years of senior level experience gained through various corporate finance roles based in the UK and internationally.
On his appointment, Mr McLardy said: “It is a privilege to join ACE Winches – a company with an excellent reputation, built on quality products, service and people. There is real ambition to maintain the high growth profile through continued international expansion.
"Revenue has more than doubled since 2010 and given the current high levels of market activity and a strong order book, we forecast this to exceed £40m by the financial year end 2014”.
The announcement comes as ACE Winches reveals that international sales accounted for 75 per cent of its annual turnover, with orders secured in Europe, the Americas, Middle East and Asia Pacific.
Alfie Cheyne, CEO ACE Winches, commented: “I am delighted to welcome someone of Kevin’s calibre to the organisation. Kevin’s wealth of local, national and global experience in the corporate financial and investment sectors will be paramount to ACE Winches as we continue to grow our global presence.”