BOB Dowty has retired as chairman of the Onchan based aerospace company now owned by General Electric.
Bob’s relationship with the company spans several decades.
As a schoolboy he witnessed the first lathe being installed by his parents in Castle Hill to support the war effort making aircraft components for the Dowty Group in Cheltenham, founded by his Uncle, Sir George Dowty.
In 1955 on the death of his father he was appointed a non executive director.
In 1965 the enterprise became part of the global aerospace giant Dowty Group. A new Company, Iloman Engineering Ltd., was floated and Bob was its first director.
With the help of the Isle of Man Government a new factory was built in School Road, Onchan and the business continues there to this day.
In 1987 Bob was asked to chair the Board which he has done for the past 24 years.
In his tenure Bob has served five different owners and supported nine different managers.
Bob said: ‘It has been a privilege and a pleasure to have served this company that continues to contribute significantly to the Manx economy.
‘Everyone should be proud of this Manx success story which is due to great support from our Government and a dedicated and professional workforce.
We compete with companies world wide and yet today we have a full order book and are actively recruiting skilled staff.
‘I leave the company in great shape and in the safe hands of chairman Malcolm Macdonald and director and general manager Chris Allen. I wish the enterprise every success in the future.’
Chris Allen said: ‘On behalf of the Company and all of our employees we would like to offer our heartfelt wishes to Bob for a long and happy retirement and thank him for his tremendous contribution to the longevity and success of this business.
‘We also welcome Malcolm as our new chairman, a worthy successor.’