Nisbets picks CEO to replace Paul McMahon

Nisbets East London

Nisbets has appointed the successor to its long-standing managing director Paul McMahon, who leaves the business after almost 20 years in charge.

Klaus Goeldenbot, a senior executive recruited from the electronics and components industry, will join the Bristol-based catering equipment supplier as its CEO from September 4.

Goeldenbot (pictured below) is new to the catering equipment sector, but has an impressive track record of running large multinational businesses. He has spent the last 15 years at RS Components, most recently serving as president of the £1.2 billion firm. dsa

Prior to this he spent 10 years with Wϋrth, a world leader in assembly and fastening materials gaining cross-functional experience across numerous departments including logistics, marketing and sales.

Nisbets founder and chairman, Andrew Nisbet, described the appointment of Goeldenbot as a coup for the business, which turned over £321m last year.

“Attracting someone of Klaus’s calibre to Nisbets is a reflection of the strength and culture of our business,” he stated. “Klaus brings excellent knowledge and experience to the business as we continue to drive our ambitious growth plans.”

Goeldenbot said he was looking forward to joining the business and helping to “write the next successful chapter of the Nisbets story”.

He said: “Building upon the great foundation created by Andrew and Paul, we will continue to deliver exceptional customer service and constantly innovate to add value to our customers and suppliers to further expand Nisbets as a global player in the catering industry.”

It is not clear what McMahon is moving onto next but his departure brings the curtain down on one of the longest associations in the industry. He has run Nisbets since April 1998, delivering year-on-year growth and transforming it from a mail order business into a multichannel retailer with a strong own-label catering equipment offering.

Last year it made pre-tax profits of £34m and grew sales 7%, while the acquisition of Mitre Linen, Space Catering, Bradshaw Microwave and Rowlett Rutland has helped to diversify its portfolio.

“I would like to personally thank Paul McMahon for presiding as Nisbets MD for the last 19 years,” said Andrew Nisbet. “Paul has overseen an incredible growth period at Nisbets and it has been an absolute pleasure to have worked with him.”

Nisbets currently operates in multiple countries worldwide, including the UK, France, Spain and Australia and now employs over 1,200 people. It also runs almost 40 retail stores.

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