News of an MBO at North-East-based Simpsons Group came in February. The move saw well-known chairman Mark Simpson and his shareholding brother and sister exit the business formed in 1972 by Bill Simpson. Bill McNally (MD) and John Quinn (finance director) have stayed on to “lead the new management team through a period of transition” but in August the new management team takes over. So how will an MBO affect what was a family business? I asked new commercial director Mark Jerrard.
By Lesley Simpson