Element announces new CEO
15 October 2019Element Materials Technology (Element), parent company to BM TRADA, has announced that current chief finance officer Jo Wetz will succeed Charles Noall as chief executive officer from December 31.
This follows Mr Noall’s decision to retire from his executive role after 17 years leading the Group. He will remain on the Board, as a non-executive director
In his previous role as an investor at 3i, Mr Wetz, alongside Mr Noall, led the original buyout of Element in 2010 before joining the Group in 2012 as CFO.
In his eight years at Element, Mr Wetz has been instrumental in growing the Group from 23 locations across five geographies with 600 employees to Element’s position today as one of the fastest growing privately-held testing businesses, with almost 200 locations operating in more than 30 countries and with almost 7,000 employees.
Together with Mr Noall, Mr Wetz led the sale of Element to Bridgepoint in 2016, the subsequent take-private of the Exova Group (of which BM TRADA was part) in 2017, a US$1bn transaction which doubled the size of the Group, and at the end of 2018 concluded the transaction that welcomed Temasek as a significant minority shareholder.
