Stadium Group, the contract electronics engineering and manufacturing company, announced the appointment of a new CEO.
In March the company reported that following the sale of the Plastics Division (June 2010), the goal had been set to become the leading UK owned provider of electronic design and build solutions. The then CEO, who had overseen the restructuring of the company over the last ten years stepped down to allow a successor to be appointed to oversee the achievement of this goal.
Stephen Phipson CBE joins the company from Smiths Group plc, where since 2004 he was president of Smiths Detection (sales of £574 million in 2010), the world's largest provider of chemical, biological, and explosives detection systems supplying major airports, ports, military and government agencies in over 160 countries worldwide. Before joining Smiths in 1997, he held a variety of senior roles in the electronics industry.
The SDM share price has increased by 2% over the past year.
Stadium Group Plc is graded B by LCF Research. To learn more, follow the link.
Filed Under: Technology, Engineering General, Manufacturing, Manufacturer, Electronic Equipment, Industrials, Electronic,
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This note was prepared by LCF Research Limited using information provided by the subject company’s management or publically available news sources. No representations are made nor warranties given (express or implied) in relation to accuracy and completeness. This document is not an invitation to invest in the subject company and does not purport to contain all the necessary information that a prospective investor might require. LCF Research Limited recommends prospective investors to conduct their own thorough independent analysis of the subject company and the information contained in this note or referred to above.
Stadium Group plc is engaged in the provision of electronic design and build solutions. The Company provides electronic technologies, including power supplies and electronic manufacturing services (EMS) supplying original equipment manufacturers (OEMs) in the industrial, security, lighting, green energy, medical and personal care and communication markets. It derives its revenues from two main areas of activity: provision of sub-contract electronic manufacturing services and design and manufacture of power supplies. As of December 31, 2011 the principal subsidiaries of the Company included Stadium Asia Limited, which is engaged in electronic manufacturing services; STMC Limited, which is engaged in electronic manufacturing services, and Stadium Power Limited, which is engaged in custom power supplies. In September 2012, the Company acquired IGT Industries Ltd. In December 2012, the Company sold its Hong Kong property. more »
