Digital TV technology specialist Pace has confirmed that Mike Pulli, currently President of Pace Americas, has been appointed Chief Executive Officer of the company and has joined the Board with immediate effect.

He succeeds Neil Gaydon who, after 16 years with Pace plc, has decided to step down to take some time off and look for a fresh challenge.

In his role as CEO, Pulli is responsible for leading Pace’s global strategy, as set out in the November strategic review announcement.

Gaydon’s 2011 was beset by the issuing a string of profit warnings, some of which related to supply problems caused by natural disasters in Japan and Thailand.

“Mike has developed a hugely successful business for Pace in the Americas, and his background and gravitas in the industry make him the right leader to succeed Neil and deliver our strategic plan,” Chairman Allan Leighton said in a statement.

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