High Value Manufacturing Catapult appoints Dick Elsy CEO 31 August 2012
The High Value Manufacturing Catapult has appointed Dick Elsy as its chief executive officer. He was formerly CEO of advanced gearbox engineering firm Torotrak.
Elsy has extensive experience in innovation management and introducing new technologies to market, having led small-scale and large organisations in the field.
When Elsy takes up the reins on 1 October, his job will be to maximise The High Value Manufacturing Catapult's impact on manufacturing industry in the UK.
"Innovation, and our Catapult centres in particular, are central to our plans for sustainable economic growth and our emerging industrial strategy," comments Business Secretary Vince Cable.
"Dick Elsy has an excellent track record and exactly the sort of experience and skills in business, design and engineering which our Catapult centres need," he adds.
"This ground-breaking initiative is now poised to play a key role in the drive to rebalance our economy," states Elsy.
"There is tremendous innovation in the UK, and the High Value Manufacturing Catapult, and the other Catapults, have been set up to unlock the commercial value of such innovation and to maximise this value capture in the UK," he continues.
"I am very much looking forward to realising this ambitious goal, to joining an already hugely successful team, and to meeting with existing and future customers and industrial partners."
Combining seven centres of excellence around the UK, the High Value Manufacturing Catapult has been set up to bridge the gap between business, academia and other research organisations.
Its goal is to help businesses develop and commercialise advanced technologies emerging from Britain's world-class research base.
Its long-term aim is to boost significantly the contribution of manufacturing to the UK economy.
Brian Tnham
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