Adrian Moore has been announced as managing director of transmission technology specialist, Xtrac as the business completes its latest round of investment in advanced machinery.
Previously technical director with more than 20-years’ experience in the industry, Adrian Moore succeeds Peter Digby, who steps into his new role as executive chairman.
Crowned The Manufacturer’s overall Manufacturer of the Year 2014, Xtrac welcomes Adrian Moore at the same time as completing a £3m purchase of new machinery.
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Moore will take over the day-to-day running of the advanced engineering business, while Digby will continue to manage the main board of directors, concentrate on corporate strategy, and focus on sales and support of key international motorsport customers – which includes Formula One, IndyCar, and numerous touring and sports car series.
Digby – who was also named UK Entrepreneur of the Year at last year’s CBI-backed Growing Business Awards – commented: “We’ve planned Adrian’s appointment for some time; this natural progression for Xtrac maintains consistency and further emphasises our highly successful 100% employee ownership structure.”
A Fellow of the Institution of Mechanical Engineers, Moore also represents the motorsport industry on the UK government-supported Automotive Council Technology Group.
Moore said: “We will continue our policy of employee ownership, our highly successful apprentice and undergraduate programmes, extensive capital investment programmes, and investment in new technologies.
“Our main objective is to continue supplying our motorsport and automotive customers with industry-leading products they can depend on.
“I’m looking forward to this exciting challenge and would like to thank Peter, and of course the whole team at Xtrac, for their trust and continued support.”
Xtrac’s ongoing capital investment programme has seen more than £3m invested in the past 12 months.
The new machines are hoped to offer increased capacity and bolster supply chain security through the addition of two five-axis Matsuura machining centres and a second Klingelnberg bevel-grinding machine.
The firm has also further developed its cellular gear manufacturing capability.