British Valve and Actuator Association chairman Colin Findlay is the new CEO of Severn Glocon, succeeding founder Maurice Critchley.
The promotion of Findlay, who has worked for the company for 14 years, coincides with a multi-million pound investment from Blue Water Energy.
Blue Water, a leading energy investor, will support the company in its ambitious five year growth plan.
Severn Glocon is already one of the world’s leading manufacturers of control valves for the oil and gas industry and employs more than 900 staff internationally, more than a third of them based in the UK.
Said Findlay: “I am very proud to step into the role, leading the highly experienced Severn team. Our development plans are now in place and backed by Blue Water Energy. We are confident that our markets are strong and Severn will continue to punch above its weight with specialised products in all of its core markets.”
Founder Critchley now becomes a non-executive director and continues to be a Severn Glocon investor.
He commented: “Having created an excellent global manufacturing business over the past 30 years, I am pleased to see it in good hands and I look forward to supporting our new CEO, Colin Findlay, and Blue Water Energy, in taking Severn Glocon to the next level around the world.”
Blue Water Energy director Salil Oberoi described Severn Glocon as a “hidden gem of British industry” and said his firm would lend its expertise in growing energy related companies.