The Cygnet Group has appointed Gary Lynch as chief operations officer of its Cygnet Texkimp business, which provides engineering solutions and equipment for the production, processing and handling of technical fibres.
Gary joins the board of directors with 28 years’ experience in operations roles, most recently as director of a $190m turnover business within international energy transformation company GE Power Conversion.
“We’ve brought Gary on board to release capacity for our next phase of growth across international markets,” says Matthew Kimpton-Smith, CEO of Cygnet Texkimp, which manufactures specialist machinery to process technical fibres, including high-grade carbon fibres used in the automotive, aerospace and wind energy sectors.
“He is a long-term strategist with an impressive track-record of success, but most importantly, his focus is on our people; on creating an environment where they are more empowered and equipped than ever to deliver value to our customers.”
Commenting on his new role, Gary said: “There is huge market potential to which our core capabilities are closely aligned. We will now scale up our operations to meet that opportunity.”
Cygnet Texkimp has grown considerably in the last five years to a turnover of £21.5m today. Growth in the global fibre production market, fuelled by demand for high grade carbon fibre needed to fulfil the automotive industry’s light-weighting agenda, is expected to support sales growth for Cygnet Texkimp in the next decade.