Dr. Tony Bannan, 52, chief executive officer of Rochdale‐based Precision Technologies Group (PTG), received the OBE from HRH The Prince of Wales at an investiture at Buckingham Palace on Friday, Jan. 27, 2017.

Dr. Bannan was appointed an Officer of the Order of the British Empire in the Queen's 90^th Birthday Honors List 2016, in recognition of his services to the UK economy, international trade and inward investment.

After joining PTG company Holroyd Precision as technical director in 1999, Dr. Bannan became managing director of PTG's machine tools divisions (Holroyd Precision, Binns & Berry and Crawford Swift) in 2007. He was appointed as group chief operating officer in September 2008, and then PTG's group chief executive officer in June 2010.

Referring to his appointment, Dr. Bannan said that he was: "Very proud and humbled to be recognized with such a great honor," and that "Credit for the accolade must be given to my family, for the many years of patience and support as I've travelled the world on behalf of the business - and to the many colleagues, past and present, that I've been lucky enough to work with.

"Without the commitment, skills and imagination of the people who have worked in and led PTG - and before that, Holroyd - what has been built and exists today might never have been," he continued. "I am lucky to have benefited from a strong legacy, and I remind myself and those around me of this fact very often. It is very important to recognize our duty to successive generations."

As a further example of PTG's achievements, in 2015 Holroyd Precision was presented with the Queen's Award for Enterprise, the UK's highest accolade for business success. Holroyd received the award for International Trade, having achieved year‐on‐year growth in exports. This was the fourth occasion that Holroyd won the Queen's Award.