11 October 2011, Staffordshire, UK — Doncasters Group Ltd., the global precision engineering group, which is wholly owned by Dubai International Capital, today announces the appointment of Tariq Jesrai as Chairman & Chief Executive Officer with immediate effect. Tariq replaces Bill Ellis, who has resigned from the Company to pursue other interests. Tariq was appointed Chairman in May 2011 and will now, in addition, assume the role of Chief Executive Officer.
David Smoot, Chief Executive Officer, Dubai International Capital, commented: “Tariq has already made a significant contribution to Doncasters as Chairman of the Board. We now want to bring his experience and dynamic management to bear in a ‘hands-on’ everyday capacity. As we grow the business Tariq’s leadership will ensure Doncasters continues to make strong progress across all its core markets. For customers, business partners and all our employees it is business as usual.” Concluding, David Smoot said: “The board thanks Bill for his contribution over the past few years and wishes him every success for the future.”
Tariq was previously Chief Executive Officer of McKechnie Aerospace, directing the strategy, operations and integration of all McKechnie Aerospace companies. Under Tariq’s leadership, McKechnie Aerospace gained significant market share, delivered exceptional financial results and became a clear leader in selected markets. Prior to joining McKechnie Aerospace, Tariq held senior management positions with Hartwell Corporation, the quick access latching systems manufacturer; Aeroquip-Vickers, a worldwide leader in the design, manufacture and marketing of hydraulic systems and components, and; Fortune 100 Company, Honeywell International.
Tariq Jesrai, Chairman & CEO, Doncasters said: “Doncasters is a strong business with unique market positioning. The business has been reorganised and refocused and I now look forward to working closely with the senior leadership team to take full advantage of the growth opportunities we see in many of our markets. We are committed to continuing to provide high levels of customer service and to develop partnerships that can support and deliver high quality engineering solutions.”
About The Doncasters Group:
The Doncasters Group is a leading international manufacturer of performance and tolerance critical engineering components for a variety of end market applications. Doncasters excels in working with alloys and metals that are difficult to shape and form.
The company’s unparalleled range of products and processes has been developed to offer customers a broad, vertically integrated capability. Core manufacturing processes include precision casting, forging, fabrication, machining and production of superalloys.
Key products include airfoils, structures, casings, rings, exhausts and combustion components for gas turbine applications, aerostructures and components for airframe applications, femoral knees, tibial trays, humeral stems, femoral hips and bone plates for orthopaedic applications and compressor and turbine wheels for the turbocharger market. The company offers well developed supply chain integration solutions, delivering complex assemblies and engine-ready components to its customers.
Doncasters employs around 5,000 people across the UK, Continental Europe, USA, China and Mexico. The Group has institutionalised lean manufacturing and Six Sigma principles throughout its operations.
About Dubai International Capital LLC:
Dubai International Capital LLC is a private equity investment company established in 2004 as a wholly owned subsidiary of Dubai Holding. DIC’s private equity portfolio includes market leading companies in Europe and the Middle East including; Almatis, Doncasters, Mauser, Rivoli and Travelodge. 2011 has seen the profitable sales of DIC’s stakes in KEF Holdings in June and Oger Telecom in August, the sale of Ishraq Dubai earlier this month, and the sales earlier this year of CEGCO and Kingdom Electricity by its investment vehicle Jordan Dubai Capital. For further information visit www.dubaiic.com