Inventing the future

News Release from: Spectrum Group
Edited by the Electronicstalk Editorial Team on 17 May 2006

Skipworth, Poole and Stevens come onboard

Dick Skipworth, one of the pioneers of the UK distribution market, has thrown his considerable industry weight behind the Spectrum Group.

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Dick Skipworth, one of the pioneers of the UK distribution market, has thrown his considerable industry weight behind the Spectrum Group of independent sales, marketing and operations companies. According to MD Nigel Watts, Skipworth has made a significant strategic investment in Spectrum, empowering the group to accelerate its ambitious road map for geographic and value-added service expansion: 'Dick will also provide invaluable, multilevel support and advice to the Group as it faces the double challenge of geographic expansion and organic growth', said Watts. Commenting on the announcement Skipworth re-iterated his belief in the Spectrum ISMO model: 'When I founded Memec in 1974 I realised that success was dependent as much on innovation as it was on hard work but in today's mature electronics market it's much harder to be really different'.

'I'm very impressed by Spectrum's vision and commitment'.

At the same time Watts announced two further nonexecutive additions to the board: Steve Poole, ex-VP of Europe for Intel; and ex-Memec CFO Colin Stevens.

'Steve and Colin have provided invaluable professional advice to Spectrum in the recent past and their investment in Spectrum is a further endorsement of their commitment to the company', said Watts.

Poole will head the new Spectrum board in the capacity of Nonexecutive Chairman

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