Leng departs as Synseal CEO
Synseal Group announced that David Leng is standing down as CEO following the group’s refinancing announced recently.
Leng, who joined Synseal eight years ago, will be replaced by Deborah Kemp who, according to the announcement, has been working with the executive team for the past four months “supporting and developing future growth plans.”
Alongside her, Leigh Daveran remains as CFO. Andy Jones continues as Sales & Marketing Director and will also take on David Leng’s customer relationship responsibilities.
Synseal announced the refinancing two weeks ago in the wake of its earlier acquisition of domestic manufacturing assets of Essex processor Village Glass, saying the refinancing, with the support of HIG and Proventus: “resulted in a significant strengthening of the group’s balance sheet”.
Leigh Daveran said in today’s announcement: “Through the support of Proventus and H.I.G. Capital, Synseal Group has grown from revenue of £70m prior to the MBO in 2010 to £160m today, enabling the management team to pursue its ambition to offer an unrivalled range of quality products, customer experience and investment in people.
“Deborah brings a wealth of operational and organisational experience gained across a variety of consumer and property led public limited companies, as well as many private equity businesses.”