Based in Hinckley, Leicestershire, Sigma is a leading manufacturer of precision engineered assemblies and components for the global aerospace market. The business employs over 750 people at facilities across the UK and China with an annualised turnover of over £50m.
Following Silverfleet Capital’s acquisition of Sigma in May 2016, Directorbank was engaged to identify a CFO to strengthen the Sigma Board and support the company’s ambitious growth plans. The ideal candidate required extensive experience of driving growth in multi site, multi national manufacturing businesses and a history of working successfully with private equity teams.
After a thorough search process combining Directorbank’s candidate network with fresh mapping activity, 6 strong candidates were interviewed by the Sigma/Silverfleet team. Ed Riley was successfully appointed to the role in August 2016.
Ed brings considerable experience to Sigma having worked as CFO and Finance Director for a number of private equity-backed firms in the manufacturing sector including Concentric and Conex Banninger. More recently he was CFO at Better Capital-backed Gardner Aerospace, one of Europe’s largest manufacturers of metallic aerospace detailed parts with 1,500 employees and a £125m turnover. Whilst there, he completed a successful refinancing, integrated a French acquisition into Group reporting and strengthened the finance function in both the UK and France.