PLM Global has shaken up its ownership and management teams as part of a cunning plan to get bigger.
Nottingham-based hardware repair and refurbished equipment firm appointed Shane Watson as CEO. Watson previously held roles at the company as sales director and managing director.
His move to CEO received backing from SME Capital for funding, supported by local Nottingham companies HSKSG Corporate Finance Specialists and Acton’s Solicitors.
Watson will be supported in his new role by Wayne Swallow, who is taking on the role of chairman after being a non-exec in the company for the past two years.
The company is creating a new executive team. Rob Alcock has been promoted to sales director, Leroy Stratford, is head of finance and Matt Leary has become operations manager.
Watson said: “I am absolutely delighted with this outcome, we have worked tirelessly to get PLM Global to the stage it is at today. With our experienced and strong-skilled Board of Directors, I have every faith that we will progress further.”
The company has grown to £4.5m in annual turnover and from four to 21 employees with more than 200 clients.