Magnomatics Appoints Dave Latimer as New CEO

Jan18_DLatimer1Magnomatics has announced the appointment of Dave Latimer as managing director. Dave’s appointment comes following the departure of Chris Kirby, who was managing director for over nine years.

Mr. Kirby founded Magnomatics in 2005 as a university spin out and led its growth through concept development and prototyping phases to its current position where it is engaged in product development with a highly skilled staff of 30. He will continue to support the company on an-ad hoc basis.

Magnomatics is currently engaged in a variety of markets, including hybrid and electric vehicles, renewables, marine propulsion, aerospace and oil & gas, all sectors in which Dave Latimer has significant experience.

Dave joined Magnomatics in February 2013 with a focus on developing the market for the company’s MAGSPLIT product. MAGSPLIT offers significant efficiency and noise reduction benefits for hybrid vehicle powertrains and Magnomatics is currently in engaged with a number of interested vehicle manufacturers.

Prior to Magnomatics Dave Latimer was CEO of EVO Electric an electrical machines spin out company from Imperial College.  Under his leadership EVO gained a strong position in the hybrid and electric vehicle sector and in July 2012 EVO completed a deal with GKN Driveline who are now commercializing the EVO technology.

Dave Latimer said, “I am delighted to be appointed as CEO of Magnomatics at such an exciting time. We have developed some innovative leading-edge products that are showing strong traction in a number of market sectors. With our recent fundraising, Magnomatics is now in a position to further develop these opportunities and I am looking forward to working with our very talented team to further grow the business. On behalf of everyone at Magnomatics, I would like to take the opportunity to thank Chris for his dedication and commitment to making Magnomatics a world leader.”

Before EVO Electric Dave Latimer was chairman of Bluebird Vehicles, a manufacturer of low floor accessible buses. He started his career with Rolls Royce. He has also run a number of well-known engineering and manufacturing companies including Weir Valves and Controls, Bedford Pumps, Howden Wade and Brush HMA b.v.

Mike Lloyd, Chairman of Magnomatics said, “Over the last nine years Magnomatics has grown from University ideas and concepts to a high technology company employing over 30 highly qualified engineers with sufficient funding to bring several products to market. I would like to acknowledge Chris Kirby’s enthusiasm and determination to bring this about during his nine years with the company. We all wish Chris well in his future career. I am also delighted that David Latimer has accepted the role of chief executive and he will lead the company in the next phase of our growth.”