APPOINTMENTS Morningside appoints new CE0

Medicines manufacturer and supplier Morningside Pharmaceuticals has embarked on a new era of growth after appointing a new CEO and chairman. Tim Brady has taken up the reins

as CEO of the Loughborough company, while founder Dr Nik Kotecha OBE moves into a key strategic role as chairman of the board – after spending 30 years as chief executive. The new executive team, which will

be responsible for enhancing internal systems and processes alongside the board, has also been bolstered by the arrival of chief financial officer Cliff Fung and Monica Huang’s promotion to chief operating officer. Dr Kotecha, whose focus will also

involve supporting his family’s charitable foundation, the Randal

Charitable Foundation, said: “Morningside was founded in the 1990s through an entrepreneur’s dream of making quality healthcare an affordable and accessible reality throughout the world. “The appointment of the new

executive team is a key part of our strategic plans for continuing to grow Morningside into the future. For my part, I am very much looking forward to becoming chairman of the board, which will play a key strategic role in guiding the business’ strategy alongside the new executive team. “My passion is entrepreneurship

and helping businesses grow through investing in innovation, research and development, and exporting to international markets. To help support these core areas, I

CEO Tim Brady and chairman Dr Nik Kotecha

will continue to take on senior regional and national advisory roles. I would very much like to welcome Tim to Morningside, who will take the helm during this exciting new chapter in our company’s history.” Morningside manufactures and supplies generic and branded medicines to the UK and international markets. Its expansion plans include launching new generic medicines from its R&D pipeline, registering products in international export markets, and further growing its branded and generic medicine market share in the UK. New CEO Tim Brady has more than

CFO Cliff Fung and COO Monica Huang

30 years’ experience of working in senior roles in the pharmaceuticals industry.

Steve joins Wiserways

Loughborough-based Wiserways Limited has appointed Steve Nugent as director of financial coaching. Steve joins the organisation

from Foster Industrial, where he was managing director for two years. His career has seen him work at

senior management and board level. During this time, he has gained a wealth of experience from retail to engineering sectors in both B2B and B2C. As a former financial director

and chartered accountant, Steve also brings strong commercial experience to the new role at Wiserways. He said: “I am excited to

contribute my skills and expertise to the business coaching team at Wiserways. I will be initially launching our state-of-the-art rapid financial analysis software ProfitPlus. “My role will be to work closely

with business owners and senior management teams across the country, using this powerful tool to help them understand exactly where their business is and where

18 business networkOctober 2020

it needs to be. Ultimately, I will be offering all the help, support and benefits of a financial director at a fraction of the cost.” Wiserways managing director

Lawrence Duncan added: “It’s fantastic to welcome someone with Steve’s experience, drive and passion to our team. He was the obvious choice for this new position. “Using our world-class

ProfitPlus software, Steve can operate in any business with a clear plan as their virtual financial director to deal with the facts, not the fluff. He will be able to tell customers exactly why there’s no cash in the bank and what to do about it.”

New role for sales expert

Residential sales expert Steven Gray has joined FHP Living’s West Bridgford office in Nottingham as a director. With 20 years’ experience in the industry, Steven joins from Royston &

Lund, boasting knowledge in the Nottinghamshire market to the south of the River Trent. He will work alongside fellow director Jules Hunt in the office. Steven said: “I have watched the growth and evolution of FHP Living and

the personal, knowledgeable and professional client service is what attracted me to the role.” FHP Living head of sales Jason Cook added: “We have watched and

admired how Steven has grown his client base in West Bridgford. “Steven’s knowledge of the main hinterland within West Bridgford will

Steve Nugent

complement Jules’ knowledge of the higher end of the market, and will enable us to continue with our desire to push and expand our representation South of the River.”

He said: “Morningside has always

had an enviable product pipeline, which is going to produce some important new products in the coming months and years. “An even sharper focus on speed to

market for these products, and stronger relations with our customers and supply chain, will mean patients and doctors will have greater choice of medicines more quickly.” CFO Cliff Fung joins the company

with more than 25 years’ experience of working in senior finance roles in pharma. Monica Huang has been promoted to COO, having progressed within the company since starting her career there 12 years ago. She was appointed operations director in 2017 and helped grow Morningside into one of Leicestershire’s 100 largest companies today.

(L-R) Steven Gray, Jules Hunt and Lee Matthews

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