Renishaw has announced its co-founder, chairman & chief executive officer Sir David McMurtry (77) is stepping down as chief executive and will be succeeded by sales and marketing director William Lee as CEO from February 1st.
McMurty will remain executive chairman of the engineering group and remain responsible for innovation and product strategy.
“I am delighted that Will has demonstrated to me the leadership capabilities to continue to develop the Renishaw business and as result I am pleased to hand over my role as chief executive,” McMurty said. “I am confident that Will can inspire the next generation to build on Renishaw’s heritage, and we are looking forward to working closely together.”
Lee, who has a degree in physics and an MBA, joined Renishaw in 1996 in the new product research and development and headed laser and calibration product lines and machine tool product line before moving to his current role in 2016.
Renishaw was established in 1973 by Sir David McMurtry, Chairman and Chief Executive, and John Deer, Deputy Chairman. The company’s first product, the touch-trigger probe, had been invented by Sir David to solve a specific inspection requirement for the Olympus engines used on the supersonic Concorde aircraft. This innovative product led to a revolution in three-dimensional co-ordinate measurement, enabling the accurate measurement of machined components and finished assemblies.
For more information: www.renishaw.com