Formaplex Technologies appoints new Chief Executive Officer

Formaplex

Formaplex Technologies (“Formaplex”), a leading manufacturer and supplier of lightweight component solutions to the automotive, motorsport, aerospace, medical and defence markets, is delighted to announce Dominic Cartwright has been appointed as Chief Executive Officer.

Dominic is an experienced CEO with a history of working in the automotive, aerospace, and medical sectors. Prior to joining Formaplex, Dominic was CEO at Garner Aerospace, a leading international manufacturer components and aerostructure assemblies for the Aerospace and Defence markets. He has also held senior positions at TT Electronics, Prodrive and United Technologies.

Dominic joins Formaplex after a period of restructuring of the Portsmouth-based company following its acquisition by UK private equity fund, Elaghmore, earlier this year. His expertise and leadership will help deliver Formaplex’s long-term goal of creating a resilient business driven by demand for its industry-leading products from an increasingly diversified customer base.

Elaghmore has committed significant funding to support the future of Formaplex, which employs 482 people across its four sites. Formaplex has also secured key customer support following its restructure. The Company has both a strong balance sheet and robust order book.

Dominic Cartwright, Formaplex CEO, comments: “Having restructured the business, Formaplex is in a strong position to focus on delivering its strategy for growth. I am looking forward to leading the innovative and highly-skilled Formaplex team as we continue to deliver our lightweight component solutions to industries and companies around the world.”

Andy Ducker, co-founder of Elaghmore, comments: “It gives me great pleasure to welcome Dominic to Formaplex. His proven track-record of leading and growing successful businesses within the automotive, aerospace and medical sectors makes him the ideal candidate to lead Formaplex. Elaghmore looks forward to continuing to support Formaplex as it develops and grows its business.”

© Elaghmore Advisor LLP, 2020
Elaghmore Advisory LLP is an Appointed Representative of NCM Fund Services Limited (FRN 183732) which is authorised and regulated by the Financial Conduct Authority

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