Goodridge USA announces new Americas CEO
Goodridge Ltd, a global fluid transfer systems manufacturer supplying OEM, performance, motorsport and defence markets; is delighted to announce the appointment of Marzetta Miles-Jenkins as the new CEO of the organisations Americas operations.
Previously working for Fortune 500 company, Lear Corporation, Marzetta joined Goodridge as OEM Sales Director in 2019; bringing 25 years of automotive experience to the organisation.
Marzetta, who has held the position of Ad interim CEO since the start of this year, will continue to strengthen the Goodridge USA OEM business, whilst focusing on positioning the USA Performance and Motorsport business more actively within Goodridge global operations; with the assistance of P&M Director, Doug Syer.
On appointing Marzetta as Goodridge USA Group CEO, Charles Bolton said:
‘Since joining Goodridge in 2019, Marzetta has been a real asset to the organisation. Her leadership style and hands on common sense approach has been refreshing to see and it has delivered real positive results for our Americas operations. We are pleased to be able to recognise her talent and promote her to Goodridge Americas CEO and wish her every success in her new position’
On taking up her position in Torrance, Marzetta commented:
‘I am honoured and proud to accept the promotion to Goodridge Americas CEO. I am looking forward to building on the established Goodridge North Americas operation’
Goodridge, founded in 1969, celebrated its fiftieth anniversary last year, supplying fluid transfer systems across the globe.
Headquartered in the UK, Goodridge operates out of eleven manufacturing facilities throughout Europe, Asia and the Americas; supplying OEM automotive, EV, performance, motorsport, marine and defence markets.
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Founded in 1969, Goodridge has developed from a single seat race team in Canada, to be the world’s leading manufacturer of performance fluid transfer systems. It operates in the OEM, automotive, motorcycle, motorsport, defence and specialist industrial sectors. This dynamic private company now manufactures in eleven facilities globally and supplies customers around the world with a unique combination of design, innovation, reliability and outstanding service. Goodridge operates globally with manufacturing and distribution operations in the UK, Europe, USA, Mexico and Japan, employing more than 350 people worldwide.
Goodridge was founded by Stuart Goodridge in Totnes in 1969. Following his return from a successful racing career in Canada, Stuart began assembling and selling aerospace fluid transfer components to motorsport race teams. The company remained housed in a listed building on Collins Road, Totnes, until 1988 when the company purchased and developed a site on the Exeter Airport Business Park. In the same year, plants were opened in France, Germany, Spain, Holland, Mexico, and two in the USA.
Since Goodridge’s acquisition by Rubicon Partners in 2013, uniting the Goodridge UK operations under one roof has been a high priority. With £3m of investment in the company since 2013, in July 2016 Goodridge’s UK operations merged at the Dart Building on Exeter Business Park.
Most recently Goodridge acquired Gieffe Racing, an Italian motorsports distributor in 2018. Followed by the acquisition of Kuhnle Engineering, a specialist fluid transfer systems manufacturer based in Germany, in early 2019.
Goodridge celebrated its 50th anniversary in 2019.
Rubicon Partners is a hands-on investment partnership focused on the acquisition of industrial businesses in Europe and North America.
Over the past 20 years Rubicon Partners have acquired 60 businesses across the manufacturing, distribution and service sectors, ranging in value from £15m to £250m. They create value by addressing operational and strategic issues.
Rubicon Partners’ focus is on complexity, both within individual companies as well as groups of businesses or portfolios. They have extensive experience in acquiring from private family ownership, management, corporates and private equity funds.
Rubicon Partners have the ability to add value to business over a longer time period than traditional private equity. Their structure is that of an industrial holding company backed by long-term private capital. Rubicon Partners’ experience and expertise enable them to work with management to grow companies to their full potential over the long term, establishing systems for rigorous financial and operational control and providing a framework for comprehensive and strategic planning and implementation.
Rubicon Partners operates across offices in London, Munich and Shanghai with a team of 15 professionals.20th August 2020