Bondholder Woodhead Group has announced its Managing Director of almost 40 years, David Woodhead, will be stepping into the role of Chairman, paving the way for a new management structure to ensure sustainability and resilience. He will be succeeded by an established leadership team, which has been developing for the past seven years.
The family-run construction business announced the move to its employees laying out its succession plan and vision for the future of the company.
Glenn Slater (Business Development Director) takes up the new role of Chief Visionary Officer, working alongside Teresa Westwood (HR Director), who has been appointed Managing Director.
Existing Directors, Hilary Cheshire, and Craig Pygall, will continue in their roles as Finance Director and Director accountable for operations and commercial respectively. They are joined on the board by:
- Leo Woodhead, who joined the family business two years ago after returning from ten years working in Australia. He will take up the role of Business Development Director
- Tom Woodhead, who has been working on the strategic leadership team for the past four years, and will now be taking up the role of Business Services Director.
David, who qualified as a Building Surveyor with Leicester Polytechnic and left Nottinghamshire to work in London, joined the company as Managing Director in 1979 when his father and company founder, Robert (Bob) Woodhead, passed away suddenly at the age of 60.
Leading the business through five decades of change and growth, recessions and booms, David has always focussed on building a sustainable company, with the ability to grow and develop through investing in its people. In the past 39 years, he has taken the business from turning over £279,000 in 1980, to last year showing a turnover of £52.5m
David said: “I came into the business very suddenly, at a difficult time for our family, and for the company. My father had grown his business from a humble workshop in 1946, to this growing company, which he incorporated as Robert Woodhead Ltd in 1978.
“I’m very proud to look at the business today and see what we have created. I know the coming years will see Woodhead Group continue to be a resilient business, socially responsible, with a strong vision and values, continuing to not just develop, build, manage and maintain, but create a better experience for all those we work with.”