LONDON Geraint Anderson is to join TT electronics plc as chief executive with effect from Aug. 4 The present chief executive Neil Rodgers stepped down from the board yesterday and will be leaving the group on 30 June 30.
Anderson will join TT electronics (Weybridge, England) from Cisco Systems Inc. San Jose, Calif.) where he is global vice president of Linksys service provider business. In this role he is responsible for all aspects of the Linksys business associated with fixed telecom, cable and mobile operations on a worldwide basis. He has been with CiscoSystems since 2000 and prior to this he led Pirelli's worldwide Communications Business having first joined Pirelli in 1991.
Until Anderson joins, Roderick Weaver, TT's group finance director, will assume the position of acting chief executive. Rodgers became chief executive of TT in April 2004 having joined the company in 1992. Previously he was with Bodycote International plc and Siebe plc.
The group has already announced that it expects that the results for the first half year will be lower than in the corresponding period in 2007. In its last financial year to the end of December 2007 TT electronics had operating profits of £37.7 million (about $73.6 million) with turnover of continuing operations was £544.9 million (about $1.1 billion).
TT electronics has operations in North America, Europe, Mexico, Barbados, Malaysia, Japan, Singapore, Hong Kong, India and China, and supplies manufacturers in the automotive, telecom, computing and industrial electronics markets.
Individual divisions of TT electronics specialise in visible and infrared LED components; optoelectronic, potentiometric and magnetic sensors; microcircuits and hybrids; fixed and variable resistors and resistor networks; resistive heaters and thermal management substrates; potentiometers and trimmers; and magnetic components.
The company recently reorganized its international contract manufacturing division.