Many are the explanations why chief executive officers leave
their companies. Some, like bankers, do so after feeling the ire of public, shareholders
or government. Others feel they have reached the end of the road in what they
can achieve. Others are tempted by the prospect of new challenges.
Only Dick Elsy knows the real reason for leaving
transmission innovator Torotrak plc to join the High Value Manufacturing –
Catapult from the first of this month as chief executive officer, replacing the interim CEO.
This particular Catapult first opened in October 2011.
Elsy is replaced as CEO by Jeremy Deering, Torotrak’s
finance and commercial director; he has been with Torotrak since 2006.
