LONDON, UK: TT Electronics plc, a global provider of engineered electronics for performance critical applications, announced that Peter France has been appointed as Group Chief Executive Officer.
He will succeed Richard Tyson, following the announcement made on 13 April 2023 of Richard’s proposed departure.
Peter France has a distinguished track record in the industrial engineering and manufacturing sector, following a 28-year career at Rotork plc, including nine years as CEO. Peter is also a non-executive director of Spirax-Sarco Engineering plc.
Peter has been CEO of ASCO Group, an industrial services provider to global energy markets, since 2018. He will join TT and become a member of the Board on 2 October 2023 at which point Richard will leave the company and step down from the Board, allowing for an orderly transition of leadership.
TT Electronics will announce its interim results for the six months ended 30 June 2023 on Thursday 3 August 2023.
Warren Tucker, Chairman, said: “I am delighted to welcome Peter as our new CEO to lead the Group through the next phase of our evolution and accelerate our ambitious global growth strategy, building upon the strong platform and trading momentum created by Richard and the team in recent years. The Board is looking forward to working closely with Peter, whose experience of delivering sustainable growth and margin expansion across international engineering businesses means he is ideally placed to bring further success to TT Electronics.”
Peter France said: “I am excited to be joining TT Electronics, a UK headquartered industrial business, delivering specialist technology solutions for some of the world’s most important challenges, including efficient electrification. With an experienced board and management team, clear values and culture, and attractive positions in structurally growing markets, I am confident we will together deliver sustainable organic and, in due course, inorganic growth to drive value creation for all our stakeholders.”