MANAGEMENT BUYOUT

MANAGEMENT BUYOUT Mark Wilcox, along with the senior management team, has completed a management buyout and with immediate effect is taking the reins as Managing Director. The Filon board of directors also includes Craig Bainbridge, who steps up to the position of Operations Director and Laura Francis, is promoted to Financial Director. Steve Vickers, stepping down from his position as Managing Director is staying with the company for a while as Technical Consultant and will focus his efforts on the Technical Department; he isn’t leaving in a rush so the benefit of his experience, knowledge and expertise will be available for some time yet. Steve commented ‘I want to convey my support and very best wishes for the new team that are taking over the Company. They are all talented and very capable individuals who have the best interests of the Company and its workforce at heart.’ New Managing Director, Mark Wilcox, continued ‘The MBO is a natural step for us and falls in line with our succession plans. We’re fortunate to have been able to use the same legal and accountancy firms as in the previous MBOs and enjoyed crucial support from HSBC and all the necessary finance is in place so we can continue with the same excellent service levels our customers rely on. It’s pretty much business as usual’. Here’s to the next chapter in the story of Filon. Best wishes to all and a huge thanks to our customers and suppliers alike for their continued support. Special thanks go to Steve Vickers and Julie Cox who retired from her position as Financial Director in late 2021. They worked tirelessly at Filon for many years and have handed it on in great shape.