Leading industrialist joins Mercia Technologies
MERCIA Technologies had added one of the West Midlands’ leading industrialists to its leadership team.
The Henley-in-Arden firm, which funds technology businesses in the UK, has brought in former IMI chief executive Martin Lamb as a non-executive director
Lamb retired from IMI at the end of 2013 after 33 years with the Solihull-based engineering giant, the last 13 as chief executive.
He oversaw a fundamental reshaping of IMI, moving it from a largely European-based conglomerate with a heavy building materials content, to a highly differentiated and global engineering group focused on the precise control of fluids and gases in critical applications.
As a result, IMI sold and acquired more than 30 companies and more than doubled its operating margins.
He holds a degree in mechanical engineering from Imperial College London and has an MBA from Cranfield Business School. He is a non-executive director of Severn Trent and Rotork.
In addition, he is chairman of privately-owned Evoqua Water Technologies and a member of the European Advisory Board of AEA Investors (UK).
Lamb, who currently owns 100,000 shares in Mercia, joins its audit committee.
Ray Chamberlain, chairman of Mercia Technologies, said: “We are delighted to welcome Martin as a fellow industrialist. His record speaks for itself and his deep understanding of advanced engineering and UK innovation in general will be invaluable across the Group.
“As one of the Midland’s leading industrialists of his generation, Martin shares our drive for generating shareholder value through the creation, funding, support and rapid commercialisation of technology businesses with an emphasis in the Midlands and the north of the UK.”