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Livingbridge-backed Carousel Logistics appoints new CFO

February 20, 2020

Carousel, a service-logistics business backed by private equity firm Livingbridge, has appointed Nigel Ward as its new Chief Financial and Corporate Development Officer.

Nigel Ward joins the organisation from business services provider, Kindertons, and takes on the responsibility of Carousel’s financial reporting and strategic investment relationships across Europe.

As a member of Carousel’s Executive Board, Nigel will also take a lead role in expanding the company, and its European proposition, through both organic growth and acquisition opportunities.

In this newly created role, Nigel will support the company as it continues in its mission to become the number one choice for high performance industries in the high-value, time critical aftermarket parts services sector.

Nigel is an accomplished European CFO and has more than 20 years’ experience in senior financial positions at a range of both private equity-backed and Blue-Chip organisations such as, GE Capital and TDG Plc. Within these positions he has played an instrumental role in driving significant shareholder value via strategic and tactical opportunities, ranging from buy and build to internally focused growth projects.

Graham Martin, CEO at Carousel, said: “Nigel is a highly-experienced CFO whose credentials are ideally suited to Carousel. His strong track-record in fast-growth, PE-backed organisations, combined with his tenacity for adding real value, makes him the perfect candidate.”

He added: “We’re at a critical stage in our ambitious growth strategy; a strategy driven by an ever-increasing demand for service-driven logistics. It’s more important than ever that Carousel continues to extend its network and enhance its capabilities across Europe, in order to meet this growing demand. I look forward to working with Nigel to achieve our strategic goals during the coming years.”

Nigel Ward said: “In joining Carousel I’m stepping into a company with huge market potential which, as CFO, is immensely exciting. The demand for service-logistics is at an all-time high so, my aim is simple – to progress the business vision and build upon its solid foundations to achieve our goal of becoming the number one service-logistics provider in Europe. It’s great to be working alongside such fantastic team and I know that, as well as hard work, they’ll be some fun along the way too. I can’t wait to get started.”

 

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