Brand-Rex and its major investor, Murray Capital, have announced the appointment of Tony Lochery, former Kwik Fit Group Managing Director, as Chairman to the Board at Brand-Rex. In a joint corporate statement, the Board of Directors and Murray Capital welcomed the new Chairman of Brand-Rex, who will support the management team in delivering its strategy and vision. The appointment complements the company’s significant growth during the past three years and re-affirms the long-term commitment made to Brand-Rex by Murray Capital (private investment arm of Murray International Holdings).
“We are all extremely ambitious to see Brand-Rex achieve even greater success and believe that our progress so far is only the beginning of a period of significant and sustained prosperity,” confirmed Murray Capital’s Managing Director, David D Murray.
Commenting on his new role, Tony Lochery said: “I was delighted to accept the appointment. The data cabling business has grown 22% during the past year in a market that has grown 3%. This is a fantastic achievement for the Brand-Rex management team and I am very much looking forward to helping the company achieve even greater success.”
Tony Lochery built up his own training company before selling it to Kwik Fit, where he was appointed Group Managing Director of the £800M turnover car parts business. He was also responsible for Kwik Fit’s drive into Europe, which led to its acquisition by the Ford Motor Company. Having successfully managed Kwik Fit’s transition from a plc to a Ford subsidiary, he took on a new role as CEO of City Holdings, a privately-owned facilities management company that employed more than 10,000 people and had a turnover of £225m.
“We are delighted with the appointment of such a respected and accomplished business leader,” added Brand-Rex CEO, Paul Lines. “Tony is bringing a considerable amount of experience to our business and a host of fresh ideas that will further enhance our strategic development plans.”