Management at Glasgow-based creative agency Front Page Design have completed a succession plan to hand over ownership of the company to two senior sales executives.
Founder and managing director Ian McMillan has stepped down to become non-executive chairman, while fellow founder and director Felicity Johnson has taken on the role of managing director.
Jackie Arnott-Raymond, director of client services, and John Tafe director of digital media, have become majority shareholders and directors of the creative agency and assumed full ownership of the business going forward.
Front Page, who's clients include Walt Disney World Resort, Royal Caribbean International and Celebrity Cruises, enjoyed a strong year last year. For the year ending September 2011, turnover increased by 108 per cent to £2.1 million and profit before tax was up 150% to £520,000. The number of staff has also grown from 14 to 24 in just over twelve months.
Ian McMillan commented on the agreement: “Front Page has been a tremendous success, particularly over the past decade, and the hard work and creative talents of Jackie and John have been central to this. We were very keen to make the transition to the next generation as seamless as possible for our clients and staff, so with Felicity now as managing director and Jackie and John directors, the company is in great hands.”
Ms Arnott-Raymond has also said: “John and I are thrilled to get the opportunity to take the company forward. Being innovative and delivering great customer service have been the keys to Front Page thriving, even in difficult economic conditions, and we are delighted that we have such a talented team in place to build on these strong foundations.”
The full financial details of the deal were not disclosed by the company.