Colt appoints new Chief Financial Officer

Andy Leitch, Colt Chief Financial Officer

Colt appoints new Chief Financial Officer

Colt is delighted to announce the appointment of Andy Leitch as Chief Financial Officer of the Colt Group (“Colt”) with effect from 17 December 2018.

Andy joins us having completed his role as CFO at Angus International Safety Group Limited (AISG), a private equity owned fire safety solutions business, headquartered in Lancaster with operations in the UK, France and the USA. At AISG Andy was engaged in a strategic review with senior management that resulted in a global rationalisation and the sale of a non-core part of their US business unit.

From 2010 to early 2017 Andy was CFO at AIM Altitude, an aircraft interiors business based in Bournemouth. During Andy’s tenure the business significantly grew its order book, revenues and profits, both organically and via the acquisition of Altitude Aerospace Interiors. This growth enabled the business to be sold from LDC to TowerBrook Capital Partners in 2013 and then again to AVIC, a Chinese aerospace company in May 2016. As CFO Andy developed consistent and thorough business unit reporting, improved the efficiency of the reporting cycle and ensured key business controls were in place, with a strong emphasis on margins and cash management.

Prior to AIM Andy was International FD for Spirit AeroSystems and spent 14 years with Motorola/ Freescale Semiconductor in senior regional finance roles, with a strong emphasis on multi-site international design and manufacturing operations.

Andy qualified as a Chartered Accountant with Ernst & Young after studies at the University of Strathclyde. He is a Scotsman, married to Anne and has lived and worked in the USA, Hong Kong and the UK.

Andy who brings a wealth of mergers and acquisitions experience to Colt said ‘I am delighted to be joining Mark and the team at Colt Group Limited and look forward to being fully focused on the next chapter in its growth’.

‘We welcome Andy to the Colt Group. His expertise and mergers and acquisitions experience will strengthen our Board and help us deliver on our strategy. I am sure all stakeholders in our global business will find him a pleasure to work with’, said Mark Oliver (Colt Group Chief Executive Officer).

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