Umeco | Umeco Plc | North American Restructuring

Umeco has invested significantly in the North American market with acquisitions and new facilities to provide a platform for significant growth over the coming years.

In order to achieve market growth requirements we require to leverage and exploit the capability of the individual companies and relationships and as such, intend to migrate to a focussed management organisation and support structure during the coming months.

This reorganisation is designed to deliver a structured and coordinated approach as to how we initially sell the capability of Umeco Components, and subsequently meet our customer's requirements. To achieve this we intend to restructure the management teams of TLC and Abscoa by combining common functions under the new Abscoa Management structure, attached.

Umeco Components will continue to operate in North America under three brand names:

· Abscoa for Distribution Direct and Project Solutions related activity

· Ulogistics North America for all TSP (Total service provision solutions)

· and TLC for premium brand kitting solutions within the Umeco Components product portfolio

From 11 April the following organisation changes will take immediate effect:

Bob Wilson - President of Customer & Supplier Relationship Development Abscoa

Bob will take up a new position focussed on the development of both existing and new Customer and Supplier relationships. The role will provide support to myself and the combined North American management team as we look to develop and exploit customer and supplier relationships to deliver the long term growth required by UC.

Dominic Harborne - Executive Vice President of Abscoa

Dominic will lead day to day operations of the combined companies and will cover Operations, Quality, IT, HR, Purchasing and business improvement for all DD and PS related activity. Dominic will report directly to me.

TBA - Executive Vice President of Sales and Business Development Abscoa

To support continued growth in existing and expansion into new markets we intend to appoint an Executive Vice President Sales and Business Development. This new role is to exploit the combined products and services of Abscoa and TLC in worldwide markets. The individual will coordinate sales and business development activity across both companies and report directly to myself. This appointment is anticipated to be in place in the next 3 - 6 months.

Marty Maringer - President of TLC

Marty will leave the organisation at the end of June and provide ongoing consultancy support on an as required basis.

Marty's role will be covered by the appointment of a General Manager Project Solutions located in TLC. Operational and financial issues will be supported by Dominic and Nathan respectively.

TBA - General Manager Project Solutions

This position is created to support the development of Project Solution capability of UC in North America and provide support for existing TLC personnel following Marty Maringer's departure. The position will be located in Fort Wayne.

The continued investment in people and infrastructure reflects Umeco's intention to position Abscoa as a leading provider of aerospace hardware and services to the worldwide Aerospace market. If you have any questions, please contact myself or your department manager.

Chris Turner
President
UC North America