Pace appoints new chief executive to steady ship
Set-top box maker Pace has announced a new chief executive to take the helm after a difficult year for the company.
Set-top box maker Pace has announced a new chief executive to take the helm after a difficult year for the company.
Pace has appointed Mike Pulli, currently president of Pace Americas, who succeeds Neil Gaydon.
The firm said Gaydon, who stepped down after 16 years with Pace, had decided to "take some time off and look for a fresh challenge".
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
It has been a torrid year for the company, which last month predicted full-year profits will be well under previous estimates due to flooding at its plant in Thailand.
In July it said half yearly pre-tax profit had more than halved, despite an increase in sales, after inventory management problems, losses at its Networks business and the impact of Japan's Tsunami
Chairman, Allan Leighton, said Pulli had developed a hugely successful business for Pace in the Americas.
"His background and gravitas in the industry make him the right leader to succeed Neil and deliver our Strategic plan," the former Royal Mail chairman said.
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
Trump wants to colonise Mars – will it happen?
Donald Trump wants to plant the US flag on Mars. Could humans really live there?
By Simon Wilson
-
Klarna postpones US IPO as Trump's tariffs rattle markets
Buy-now-pay-later lender Klarna has postponed its US initial public offering owing to the market turbulence. It is not alone, says Matthew Partridge
By Dr Matthew Partridge