Managing director Mark Shutler and operations director Derek Ling are leaving GEA Denco at the end of February.
Denco’s parent company GEA Air Treatment has announced the two are leaving their posts to “address themselves to new tasks”.
GEA also thanked them for their “exceedingly dedicated and successful work” and wished them luck for the future.
Denco appoints new managing director
A new managing director Frank Albrecht has been appointed and will take up his position in March.
He will report directly to Frank Voßloh, a board director of the GEA Air Treatment Division in Germany.
A GEA statement said fellow Denco directors John Tandy and Alex Ritchie are remaining with the company and have been given “enhanced responsibilities”.
Shutler and Ling helped transform Denco
Mr Shutler joined Denco as a 17-year-old engineering apprentice working on the factory floor. He spent 30 years with the company and 10 years as Managing Director.
He and a group of directors led a management buy-out from former owners AMEC in 2000.
They went on to expand the business, which was best known for its close control air conditioning products, into all areas of building services including establishing a nationwide service and maintenance division.
The business was sold to the GEA Air Treatment Division in 2006 to move it onto a “new level in terms of worldwide expansion”.
Denco, which had a turnover of £47 million in 2008 and employs over 400 people, operates production facilities in Hereford and Turkey alongside seven operated by the GEA division.
Emotional farewell to Denco
“After literally spending my entire working life with this company, it will be a major wrench to leave,” said Mr Shutler. “It will be a very emotional time as we have many close personal friends here. However, GEA have been a good parent so we know Denco is in safe hands and will continue to move confidently into the future.”
'Immense satisfaction' over role in Denco success
Mr Ling joined Denco when he was 20. He has been with the company for 34 years including 10 as Operations Director. He said: “We will be extremely sad to leave, but it is with a feeling of immense satisfaction that the company is in excellent shape.
“We have made a lot of changes in recent years, but always with an eye on the future. Denco is now well placed to come through the current economic downturn unscathed and to take advantage of the many growth opportunities – particularly in low energy systems.”