A Dundee technology company that has expanded its global operations in the past year has appointed a chief financial officer for the first time.
Ace Aquatec, one of the city’s most innovative firms, has appointed Duncan Montgomery to the role.
Mr Montgomery brings a wealth of experience to the business, having held several senior management positions over 17 years.
He joins the firm after a stellar year of growth and expansion at Ace Aquatec.
Ace Aquatec is one of the city’s most innovative firms, winning several awards for its range of products for the aquaculture sector.
Over the last year, Ace Aquatec has doubled in size, opening new divisions in Norway, Chile and North America.
The team has grown to a total of 30 employees across its global divisions.
Dundee firm eyes becoming sector leaders
Mr Montgomery said: “Ace Aquatec has a strong reputation as disruptors and innovators in the aquaculture and technology sector.
“There’s a real opportunity to become leaders in this space.
“I’m looking forward to working alongside the team to continue and manage the rapid growth Ace is experiencing.”
He said the firm has an “exciting pipeline of products” that will help address industry issues.
Those include environmental, social and governance challenges.
Ace Aquatec set up more than 20 years ago
The business began in 1999 – it was set up by inventor John Ace-Hopkins and investor Annette Pyne-Carter, the mother of current managing director Nathan.
Its aim was to try to find solutions to some of the biggest problems for fish farms, including seals damaging stocks.
Mr Ace-Hopkins passed away in 2011 and Mr Pyne-Carter bought his shareholding.
He further grew the company’s range of acoustic deterrents and stunning devices.
The company, which has won two Queen’s Awards for Innovation, created an underwater time-of-flight camera.
It captures fish biomass in real-time. It was inspired by Mr Pyne-Carter playing the Xbox.
‘Such an exciting time’
Mr Pyne-Carter last year offered employees the option of extending their weekends.
On Mr Montgomery’s appointment, he said: “I am delighted to welcome Duncan to our team.
“It is such an exciting time for the business.
“Duncan brings great experience of operating in senior financial management positions.
“I am confident that he will be a huge asset to our organisation.
“He will play a pivotal role in the future success of the business as we continue to execute our growth strategy.”