Board Changes at Xtrac

Two key Board members at Xtrac have recently swapped roles to continue to drive Xtrac’s rapid growth in its motorsport and high-performance automotive sectors.

As well as continuing to supply major Motorsport formulae and competitors around the world with the very best transmissions, Xtrac is working on confidential projects for a host of manufacturers to supply their high technology and highly integrated transmissions for the next generation of high-performance hybrid and electric road vehicles.

Having overseen further growth in sales and profitability, key new appointments to the leadership team and the introduction of an effective governance framework for the Board, Xtrac’s previous Chairman, Joe Greenwell CBE, has offered to focus all his attention on supporting the team in maximising these key high-performance automotive opportunities and as such has taken on a role as Non-Executive Director.  This fits extremely well with Joe’s previous senior roles as Chairman and CEO of Jaguar Cars and Chairman of Ford of Britain.

Andy Caffyn who joined Xtrac in June 2018 as a Non-Executive Director has therefore taken over the Chairman’s role to concentrate on working with the management team to help delivery of these multiple high value prestigious new contracts.  Andy has over 30 years’ experience in engineering and manufacturing, and since joining Xtrac has been intrinsic in integrating new systems and guiding the expansion into Xtrac’s substantial new factory extension which was opened by the then Prime Minister Theresa May in November 2018.

Adrian Moore, who remains as CEO, said “We have really benefited from having Joe and Andy on our Board and we appreciate Andy particularly dedicating more time to helping us grow the factory and operations side of the business in close co-operation with our COO Piet Daenen.”

Peter Digby, who remains Company President, commented “We are so lucky to have these two great guys within Xtrac and it is really appreciated that they have both so willingly swapped roles to reflect our rapid growth into high performance automotive at the same time that our motorsport business is doing so well”.

Joe Greenwell (Left) & Andy Caffyn (Right)