EuroWire November 2020

Corporate News

Auto Marine Cables appoints new top team A UK supplier of low voltage cables to the automotive and marine sectors – Auto Marine Cables – has made three senior appointments as part of its growth plans.

The company has appointed Zeb Shahin as managing director, replacing Peter Hammond, whose father founded the business and who now becomes chairman. Mr Shahin has over 30 years’ experience in the industry and has held senior roles at RS Components, Lapp Logistics and Omega Engineering, having started his career at BAE Systems. He has extensive experience working in the Far East and Eastern Europe. Amy Bryant has joined the company as finance director. She has 19 years’ experience, having trained as an accountant at KPMG and held senior finance roles at Akzo Nobel, Findel Group and JLA. Her most recent position was FD at ATG UV Technology, where she helped the business through to a trade sale. The new appointments are part of the company’s growth strategy, following investment by PHD Equity Partners last year. Auto Marine Cables’ origins date back to 1964, when Mr Hammond’s father, Howard, founded the Kar Bar chain of shops. The company, which has continued to trade during the coronavirus lockdown, now employs 80 staff and manufactures almost all of its own cables on-site. Peter Hammond, who remains a major shareholder in the business, said, “It’s an exciting time for the business and I’m look forward to working with both Zeb and Amy to achieve our longer-term growth plans.”

▲ ▲ (From left) Amy Bryant, Peter Hammond and Zeb Shahin

Craig Richardson, of PHD Equity Partners, said the appointments were in line with PHD’s policy of investing in high-calibre management. “We are delighted to welcome the new management team on board,” he said. “All of them are highly experienced professionals with an impressive track record in the industry. Auto Marine Cables is a sound business with potential to expand in the UK and Europe, and these new appointments mean it is now ideally placed to pursue the growth opportunities.” Auto Marine Cables Ltd www.automarinecables.com

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November 2020