Oxford Metrics fortifies its leadership as Ian Wilcock joins its board of directors.
- Wilcock transitions from a notable tenure at Oxford Instruments to Oxford Metrics.
- David Quantrell retires, paving the way for Wilcock’s appointment to the board.
- Wilcock brings a wealth of M&A experience essential for Oxford Metrics’ future.
- Oxford Metrics sees a significant revenue boost, fueled by recent innovations.
In a strategic move, Oxford Metrics has appointed Ian Wilcock to its board of directors, effective immediately. This development comes as David Quantrell retires from the board, marking the end of his six-year tenure. Ian Wilcock, who has an illustrious career spanning over eight years at Oxford Instruments, is expected to bring his extensive expertise to the firm. During his time at Oxford Instruments, Wilcock served as managing director of the resonance division and was a key member of the executive management board.
Ian Wilcock expresses his enthusiasm regarding his new role at Oxford Metrics, a company renowned for its innovative technologies and international client base. “With an international client base and market-leading technologies, Oxford Metrics is well-positioned to grow both organically and through acquisition and I look forward to being part of that journey,” he stated. His appointment is expected to drive growth and achieve significant milestones aligned with the company’s five-year strategic plan.
The significant technology and business growth experiences that Wilcock possesses are anticipated to be crucial as Oxford Metrics progresses with its ambitious strategies. Roger Parry, Chair of Oxford Metrics, emphasized the value of Wilcock’s experience in mergers and acquisitions as a driving force for global business growth. “Ian’s strong track record of M&A and growing businesses globally, gained throughout his career in technology businesses, brings highly relevant expertise to the Group,” Parry remarked.
Established in 1984 and listed on the London Stock Exchange since 2001, Oxford Metrics has had its share of challenges and successes. The company gained significant recognition when its Vicon camera system was utilized to create holographic depictions for the ABBA Voyage tour, a resounding success attributed to its technological prowess. Highlighting its recent achievements, Oxford Metrics posted a notable 50% increase in revenue, alongside a substantial rise in pre-tax profits, reaching £6.25m for the year ending September 2023. This surge in financial performance is largely credited to the launch of its cutting-edge motion capture system, Valkyrie, in 2022, and the strategic decision to sell its Yotta division for £52m.
Currently, Oxford Metrics shares are trading at 58.25p, reflecting a significant fall from its peak earlier in 2024. Meanwhile, shares of Oxford Instruments, the company from which Wilcock departs, are valued at 2,015p. This contrast in share prices underscores the different trajectories of the two organizations and highlights the potential impact Wilcock’s expertise might have at Oxford Metrics.
Ian Wilcock’s appointment to Oxford Metrics’ board is pivotal for the company’s strategic growth ambitions.
