Vitec Says it Will Beat Profit Expectations, Appoints New CFO

Posted by Joe Zaller
Feb 08 2011

UK-based Vitec Plc, which owns a large number of brands in the broadcast industry, said recently that it has had strong trading results and that it expects to report underlying pre-tax profits that are ahead of analyst consensus estimates.

The company also announced that Richard Cotton, Group Finance Director, has left the company for personal reasons.  The company has appointed Nick Humby as Interim Chief Financial Officer to oversee the finance function pending the appointment of a permanent replacement; the search for this replacement has commenced.  Nick has extensive experience in the broadcast industry. He was also Group Finance Director of Manchester United plc from 2002 to 2007.

Vitec’s Videocom division is comprised of a dozen brands that serve various parts of the broadcast industry: Anton/Bauer, Autoscript, The Camera Store, Litepanels, Microwave Service Company, Nucomm, OConnor, Petrol Bags, RF Central, Sachtler, Vinten and Vinten Radamec.  The company also owns broadcast rental & services provider Bexel.

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