Joe Martoccia, currently commercial director of Ultraframe (UK), will join the Performance Timber Products Group (PTPG) as chief executive officer, with effect from 15 December 2014.
Roy Wakeman, OBE, who will remain with PTPG as chairman, commented: “The search for a new CEO has been a long process and I am confident that Joe Martoccia is the right candidate to take PTPG forwards and continue developing the successful growth strategy of this £20m plus business. We are all looking forward to working with him.”
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PTPG was established by Roy Wakeman in 2006, with the acquisition of Mumford & Wood. Revenue at that time was approaching £6m. Since then, the management team has developed the business through organic growth and also through the acquisitions of Timber Windows in 2009 followed by Dale Windows in 2010.
In 2009 Graphite Capital, a UK private equity company, invested in PTPG in order to fund the acquisition of Timber Windows. Graphite Capital holds a majority stake in the business. PTPG currently employs 130 people working from headquarters in Tiptree, Essex, where Joe Martoccia will be based.
For further information about this appointment please call Roy Wakeman on 01621 818155.
