Future Fibres has announced the appointment of Hugues Jacquemin as its new chief executive officer, following the retirement of outgoing CEO, Ewan McLellan. Jacquemin served most recently as CEO of 3B The Fibreglass Company, where he maintained his reputation for driving growth, following the company’s LBO from former parent, Owens Corning. Under his leadership, 3B established itself as a key player in the composites industry, expanding its customer base throughout the financial crisis and increasing turnover to €160m Euro, before successfully completing a competitive sale process of the company in early 2012.
"Hugues brings to Future Fibres a proven record of building on a solid foundation of existing assets and resources to ignite innovation and facilitate growth – precisely the formula we wanted at Future Fibres," said Tom Hutchinson, Future Fibres’ founder. "His deep understanding of what’s required to grow a business, combined with his team-building and operational capabilities will only add to the energy, focus, and momentum already present within the organisation. The board all feel that Hugues is the right person to lead the next stage of Future Fibres’ product development, continuing to challenge the industry through R&D and the introduction of new materials and technologies taken from a broad range of industries.”
"Future Fibres is an industry icon and the prospect of working with one of the most motivated and talented teams in the marine industry is hugely exciting. By maintaining the company’s existing commitment to innovation, and by utilising my own experience, knowledge and contacts, together we can deliver on our ambitious goals and generate the company’s next era of success,” Jacquemin added. “Future Fibres has a relatively short but extremely rich history and is a very solid platform from which to build. With the ultimate goal of delivering the value Tom and the shareholders expect, my immediate focus will be on getting to know the team and working closely with each department to identify where strategic changes can be made to maximise the company’s potential. We’ll be looking to approach opportunities across the marine industry, as well as exploring the company’s potential within other, non-marine markets, whilst continuing to drive R&D throughout the business."
"Hugues primary focus will be on the core business, and as CEO and board member, he will work closely with the rest of the team as we continue the strategic review process to identify the best approach for the company’s long-term prosperity. As part of this process, Future Fibres is looking to understand how we can deliver the next step-change in grand prix and superyacht performance – just as Future Fibres has done periodically over the last 15 years".
"It is also important to highlight how grateful the team and I are to Ewan for leading the company with a steady hand during the last four years. His knowledge of the company and his positive approach kept Future Fibres on course through a highly challenging period and we will continue to benefit from his exceptional capabilities as he remains a key adviser to the business," Hutchinson concluded.