Fircroft Strengthens Board of Directors
Fircroft has strengthened its board of directors with the appointment of new Chief Finance Officer (CFO), Stuart Hall.
Hall was previously employed as CFO at global consumer electronics company, Pace, where he played a fundamental role in making the business a global leader within its industry. He helped the West Yorkshire-based business increase revenues from c$300million to c$2.4billion, both organically and through several acquisitions.
Before working at Pace, Stuart worked as CFO for Cardiff-based IQE, a manufacturer of compound semiconductor epitaxy, from 2003 to 2007, and also held several finance director roles at numerous companies. These included positions at telecoms and internet business Energis and one of Europe’s premier electronic subcontractors, Race Electronics.
Johnathan Johnson, CEO at Fircroft, said: “Stuart has considerable experience of successfully leading global finance functions and driving improvements in financial performance and control of a number of successful businesses, so we’re really pleased to have him on board.”
Fircroft, which is headquartered in Warrington, was founded in 1970 by John Johnson and has experienced phenomenal growth and expansion over the years, with it now boasting a presence in over 45 countries around the world. The company has evolved from its original roots servicing the North Sea oil and gas companies, into a leading technical and engineering recruitment specialist, working across several sectors. These include Oil & Gas, Automotive, Power & Energy, Mining & Minerals and Engineering.
In 2012, Fircroft experienced a 32% increase in turnover compared with 2011 as sales climbed to £725m (US$1.19bn). This growth potential was further recognised in June 2012 when the company was backed by private equity firm Equistone Partners Europe, worth £140 million.