Videcon announces MBO and new MD

Posted On 07 Apr 2015
Comment: Off

Videcon MBO2Videcon has announced it has completed a Management Buy-Out (MBO) lead by Andy Croston. The MBO sees promotion to the Videcon board for Steve Newsome, now Sales Director, and Ian Farr, Technical Director, who will continue to be supported by the existing management team.

Videcon has also announced the appointment of Mike Reddington, former European General Manager of ADI, as the new Managing Director for the company.

About the new appointment, Andy Croston, Owner/Director of Videcon, said: “Mike has over 25 years’ experience in the security industry and held a number of senior positions throughout his career. He is a key player in the security industry and a staunch professional with an outstanding reputation.

“Mike is a key appointment for the business that strengthens the existing senior management team and will be instrumental in taking the business through its next growth cycle.”

Mike Reddington commented: “I am delighted to be joining Videcon, who are committed to the continued investment in its product ranges, employees and resources so it can deliver exceptional portfolio of CCTV products and services. This is an exciting time for Videcon and its customers and I’m looking forward to being a part of it.”