Transmission technology specialist Xtrac has appointed Adrian Moore (above) as managing director, while completing a £3m ($4.5m) purchase of new machinery.
Previously technical director with more than 20-years’ experience in the industry, Moore succeeds Peter Digby, who steps into his new role as executive chairman.
Moore will take over the day-to-day running of this 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 as well as numerous touring and sports car series.
“We’ve planned Adrian’s appointment for some time,” explained Digby. “This natural progression for Xtrac maintains consistency and further emphasises our highly successful 100 per cent employee ownership structure.”
“We will continue our policy of employee ownership, our highly successful apprentice and undergraduate programmes, extensive capital investment programmes, and investment in new technologies,” added Moore. “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 over £3m ($4.5m) invested in the last 12 months. The new machines will 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. Xtrac has also further developed its cellular gear manufacturing capability.
