Neil Kayton, former chief financial officer (CFO) of Power Technologies (Powertech) has been appointed chief executive officer (CEO) of the company effective from 1 July 2012. Kayton succeeds Norbert Claussen who recently stepped down from the position after 16 years with the group.
Powertech is a subsidiary of the JSE listed Altron group, focussed on electrical and electronic equipment used for the creation, management, distribution, storage and use of electricity. The company consists of five operating divisions, namely cables, transformers, batteries, industrial and systems integrators.
Kayton joined Powertech in the position of CFO in February 2004. He is a member of the group directorate and other subsidiary boards within the Powertech group. He started his career with accounting firm Ernst & Young where he completed his articles, before being employed as financial manager at Universal Recycling Company – a member of the Cape Gate Group of Companies.
Prior to joining Powertech, Kayton occupied the financial director position at international pharmaceuticals company, AstraZeneca.
In addition to the CEO position, Powertech also announced the appointment of Leon Viljoen as chief operating officer (COO) of the Powertech group. Viljoen is a member of the Powertech board and the CEO of Powertech Transformers which is currently the largest contributor to the Powertech group’s earnings.
Viljoen is an electrical and electronic engineer by training and has been with Powertech for over two decades in various management capacities.
“The Altron board believes that Neil and Leon have excellent attributes that will complement each other in leading the Powertech group. They have both been with the group for some time and understand the intricacies of the power electronics sector. We look forward to seeing them take the group to new heights,” says Robert Venter, chief executive of the Altron group.