MBO Signals Push Ahead For DiGiCo

MBO Signals Push Ahead For DiGiCo
  • DiGiCo management (from left): David Webster, Helen Culleton, John Stadius, James Gordon. SURREY, U.K.-DiGiCo's management buyout has been completed. The new management team comprises chief executive Bob Doyle, managing director James Gordon, marketing director David Webster, technical director John Stadius, and company secretary Helen Culleton.
  • Having taken over the mantle of managing director from Doyle in January, this was Gordon's first significant project in the role. "We've always been a reactive and pro active company that understands the market place we're in," said Gordon. "However, when you have external investors, there is a need to explain the ins and outs of decision making processes and that can slow things down."
  • DiGiCo will be putting a share incentive scheme in place for its employees.
  • "Lots of companies evolve as we did," adds Doyle. "It was necessary to introduce shareholders into the mix to make the initial purchase of the company back in 2002. But now, those whose hard work over the last five years has enabled the company to reach a position to where a buyout was a reality, need to be rewarded with equity ownership so that we can take things to the next stage in company development and growth."