NorthEdge-backed engineering firm FPE Global has appointed Tim Hines as chief financial officer to support its continued growth strategy.
Hines joins FPE with over 11 years’ experience in senior financial management positions. He has spent the past two years as finance director at mining solutions firm Joy Global, and has held other senior roles at Manchester Airport, HJ Heinz, Kellogg’s and KPMG.
In his new role, Hines will be responsible for driving the company’s financial strategy as the Manchester-headquartered business continues to target growth in overseas markets. An expert in bulk materials handling and pneumatic conveying, the company has already doubled order intake in 2016 and sales are forecasted to grow to GBP16 million by the end of 2017.
Hines’ appointment comes after a period of investment in FPE’s senior management team. The company appointed Dave Cooper as CEO in March this year and has appointed a number of industry experts as it shifts its focus to a number of high growth sectors. This includes specialist materials handling, food and beverage, pet foods, detergents and chemicals and renewables.
FPE Global was backed by private equity firm NorthEdge Capital in a management buyout in 2014.
Cooper says: “We’re delighted to have Tim on board as we target further growth on an international scale. Tim’s experience in capital goods businesses coupled with his knowledge of our core markets will be a great asset to the team as we look to build on recent successes and get more deeply engrained with our core markets and key customer base.
Hines adds: “FPE has a clear growth strategy and with increasingly strong sales figures the role represents an exciting opportunity. The company has the right team in place to offer a best in class service to customers and I am confident that we can cement our position as a global leader in the bulk handling space.”
