Theresa Spencer,
Finance Director at Ring, has been announced winner of the “Yorkshire Deal of
the Year” at the Yorkshire Finance Leaders Awards, which took place at the
Queens Hotel in Leeds on Thursday 19 September.
The awards
recognise and celebrate exceptional financial leadership in the Yorkshire
region from the past 12 months, with nine categories highlighting the best
talent across a range of businesses and organisations. Theresa, who was
appointed as Finance Director at Ring in 2016, was shortlisted for her work on
the recent acquisition of Ring by Osram, which was completed in May 2019.
Taking a central role
in the deal, which began in 2017 and included gaining approval from the CMA,
plus the integration work that has been carried out since the deal was
completed, Theresa was a strong contender against other leading professionals
from the sector.
"The challenge posed by the Osram acquisition of Ring has been an exciting opportunity to develop my skills as both a Financial Director but also as a commercial and strategic leader. The successful completion of the deal and subsequent integration opens up new markets for Ring, as well as new product areas for Osram. I’m proud to have been involved in building a company that has proven valuable to a large multinational with a long and successful history."
With the
acquisition of Ring, Osram is strengthening its aftermarket business and
offering customers access to a broader, complementary product range. Both
companies see the agreement as an opportunity for a successful European
cooperation. Theresa has been integral in bringing the deal to a successful
conclusion, ensuring that both companies can continue to grow and thrive in the
UK, Europe and beyond.
Spencer has worked
across the UK with previous positions in Sheffield, Cambridge, London and
Doncaster, allowing her to develop her financial skills and commercial acumen, both
of which she believes are important for those in financial leadership roles.