Micross Components, a portfolio company of Insight Equity, said Tuesday that the company’s CEO Alan Taylor will retire this year. Richard Kingdon has been named to succeed Taylor. Previously, Kingdon worked at Atwood Mobile Products where he served as executive vice president. Micross Components is a provider of specialty electronic components.
Orlando, FL (PRWEB) October 15, 2013
Micross Components, a global provider of specialty electronic components with a 35-plus year history in providing authentic, high-reliability products, announces that CEO Alan Taylor has decided to retire from his position this year and that Richard Kingdon will take over his responsibilities.
Mr. Taylor lead the company through its amalgamation, by consolidating the nine original companies into a single global source offering the broadest range of back end semiconductor services. Following three additional acquisitions, Micross Components is now seen as the no.1 provider of Hi-rel solutions related to IC’s. Mr. Taylor has advised the Board that this is an appropriate time for the company to transition leadership and of his wish to take a well-earned extended vacation.
Mr. Taylor stated, “It has been a privilege to work with an excellent team, totally committed to bringing products and services to our customer base, and gratifying to see the broad range of services and products that we have assimilated through internal development and external acquisitions.”
Victor Vescovo , Chairman of Micross Components and Managing Partner of Insight Equity, added, “Micross has a well-established track record in the industry and a best-in-class infrastructure in the US and UK. We see tremendous opportunities to further expand our product and service offerings in the growing global market for specialty electronics.”
Mr. Vescovo continued, “We appreciate Alan’s vision and leadership over the past years as the company has undergone a successful transformation from discrete small niche companies to a global leader with broad capabilities; we wish Alan the best in his future endeavors”
Taking the reins as Micross Components CEO will be Richard Kingdon. Mr. Kingdon will be based in Orlando and most recently was EVP at Atwood Mobile Products LLC, an Insight Equity operating company headquartered in Indiana. At Atwood, Mr. Kingdon played a central role in the diversification of the company’s business through internal product development and strategic acquisitions. Mr. Kingdon holds an undergraduate degree from the University of Cambridge and an MBA from the Stanford Graduate School of Business. Commented Mr. Kingdon, “Micross Components has a strong team of operating executives and I am excited to be charged with leading the organization in its next phase of growth.”
Mr. Taylor will continue in his role for an interim period through the end of November to assist in a smooth transition.
About Micross Components
Micross Components is a leading global provider of distributed and specialty electronic components for military, space, medical, and demanding industrial applications. Operating as a single source for high-reliability and state-of-the-art electronics, Micross’ solutions range from bare die and wafer processing to advanced and custom packaging to component modifications and related interconnect offerings. With a 35+ year heritage, Micross possesses the design, manufacturing and logistics expertise needed to support an application from start to finish. http://www.micross.com
About Insight Equity
Insight Equity (http://www.insightequity.com) is a private equity firm that makes control investments in strategically viable, middle market companies underperforming their full potential. Insight Equity’s experienced principals have acquired and managed businesses with over $4B in aggregate revenue since 1998. The firm leverages a proven collaborative value creation model to facilitate operational improvements leading to significant cash generation, growth and attractive investor returns. Insight Equity’s headquarters is located near the Dallas / Ft. Worth International Airport in Southlake, Texas. The firm also has an office in New York City.