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Pace Elevates O'Loughlin To President For Americas

U.K.-based set-top maker Pace announced that Tim O'Loughlin has been appointed president of its Pace Americas business unit, replacing Mike Pulli, who was named CEO last month.

O'Loughlin, previously Pace Americas' senior vice president of sales and customer support, is responsible for the company's business covering the U.S., Canada and Latin America, including customer relationships, operations and all administrative functions.

In December, Pulli was appointed CEO and named to the board after the company announced CEO Neil Gaydon would step down after 16 years with Pace "to take some time off and look for a fresh challenge." In 2011, Pace issued profit warnings three times, citing in part flooding in Thailand for disrupting suppliers.

"In handing over the reins of Pace Americas, I'm delighted to be able to appoint someone who combines in-depth knowledge of Pace and the Americas market, with strong business acumen and operational excellence," Pulli said in a statement. "Tim has worked at Pace for over a decade, including eight years as part of my Americas leadership team, and is extremely well respected both within the company and by our customers and partners."

In the past seven years, Pace Americas has grown from serving just two customers and generating about $30 million annual sales to more than 150 customers -- including Comcast and AT&T -- and pulling in $1.7 billion in sales. The unit has about 1,500 employees.

O'Loughlin joined Pace in March 2001 as marketing manager and has subsequently held various senior positions at the company including vice president of business development and VP of sales and marketing for North America.