Montagu, the European private equity firm, announces the appointment of Martin McCourt, formerly the CEO of Dyson, as a Director of Montagu Private Equity Associates. 

At Montagu, Martin will use his industrial expertise to work with portfolio company management teams on developing and growing their businesses.  Martin will also assist with new investment opportunities.

Martin has spent over 35 years working in manufacturing, design and marketing for brands such as Mars, Duracell, Toshiba and Pelikan.  Most recently, Martin completed 15 years with the Dyson Group.  As CEO of the company for the last 11 years, he devised and implemented a highly successful growth strategy for Dyson, increasing the product range and internationalising the supplier and customer base. 

During his tenure at Dyson, Martin increased profits tenfold; growing Dyson from a UK focused company to a global business which now delivers 80% of its revenue from international markets.  In 2011 Dyson recorded £1bn revenue for the first time.

Commenting on the appointment, Jason Gatenby, Chief Executive of Montagu, said:

'Martin is an exceptional individual with a deeply impressive record of growing manufacturing businesses and delivering value for investors.  His achievements at Dyson speak for themselves and I am very pleased that Montagu will be able to benefit from his knowledge and experience'.