Shares in testing giant Intertek (ITRK) have undergone something of a revival under chief executive André Lacroix. Since his appointment in May last year the shares are up almost a third, outperforming the broader market and setting a new all-time high.
IC TIP:
Hold
at
3549p
Mr Lacroix, previously of Inchcape, took the reins from longstanding incumbent Wolfhart Hauser. The change of leadership has brought a sharper focus on strategy. Mr Lacroix wants to "move the centre of gravity" towards quality assurance, so managing quality, traceability and sustainability in the supply chain. In Mr Lacroix's view, the industry is becoming far more complex than simply the rubber-stamping of an end product.