High Technology Solutions Provider Restructures Senior
Management Team Through Strategic Reorganization
SINGAPORE, Sept. 19, 2011
/PRNewswire-Asia/ -- First Engineering Limited ("FEL"), a leading
manufacturer of high technology-driven engineering solutions,
announced the permanent appointment of Brian Smith as Chief
Executive Officer. Mr. Smith transits into the role after
serving as Chairman and Interim CEO since late 2009.
The announcement marks the next step
in FEL's strategic reorganization, which has seen the company
return to profitability by penetrating new industries, diversifying
its customer base and redeploying leadership
responsibilities. In addition to Mr. Smith's transition to
CEO, Agnes Tan will continue her responsibilities as Chief
Financial Officer, while Andrew Tan, Executive Director, Business
Development and Steven Chia, Executive Director, Technical
Services, will continue in their recently appointed roles.
Commenting on his appointment, Mr.
Smith said, "Together with our newly established senior management
team, I am proud to lead FEL into the next phase of its
evolution. Our resiliency and return to financial stability
is a direct result of our focus on transforming the business while
remaining committed to the core competencies and relationships that
are fundamental to our history. Through our strategic
reorganization we have streamlined operations, established greater
cost efficiencies and developed a platform to identify more
innovative technologies and sophisticated products for
customers.
"The next phase of our growth
strategy includes FEL's continued sector diversification, expansion
into new markets and geographies and greater investment into
research and development. Each of these initiatives requires
our continued and unwavering commitment to our customers, employees
and business partners," Smith said.
Mr. Smith most recently served as
interim Chairman and CEO of First Engineering Limited following the
company's strategic reorganization, starting in 2009, and has more
than 21 years of experience specializing in strategic operations
and interim executive management. Prior to joining FEL, Mr. Smith
was Senior Managing Director at FTI Consulting, advising and
leading multinational corporations on strategic reorganizations and
turnaround assignments.
About First Engineering
Limited:
First Engineering Limited is a
leading manufacturer of ultra precision moulds and plastic
components for high technology engineering applications.
Founded in 1979 and headquartered in
Singapore, First Engineering Limited offers an integrated suite of
solutions including product design, tooling, production and
assembly services predominantly for hard disk drives, PC
peripherals, optical related products, medical equipment, business
machines and automotive industries.
With operations in Singapore,
Malaysia, China and India, First Engineering Limited has over 2500
staff regionally, with 800,000 sq ft of manufacturing space. For
more information, visit www.first-engr.com.sg.
Media Contact:
Tom Evrard
[email protected]
+65-6236-1621 / +65-9107-6123
SOURCE First Engineering Limited