Marshall of Cambridge, the private company founded and headquartered in Cambridge has announced today that Sir Michael Marshall, in his 85th year, is to stand down as Chairman on 1st October 2016.
On that day, Sir Michael Marshall will step down from his positions as Chairman of the Board and as a Director of Marshall of Cambridge (Holdings) Ltd. He will take up a new position as President of the company, representing the Company and its subsidiaries at major events and on national and local panels.
The new Chairman from 1st October will be Alex Dorrian CBE, who is currently Deputy Chairman of the private company. Alex Dorrian has a wealth of experience in both the private and public sector including many years in the aerospace and defence sectors in the UK and overseas. He is also chairman of Thales UK.
Executive control of the business passed to the fourth generation in 2012 when Robert Marshall was appointed Group Chief Executive, the fourth generation of the Marshall family to run the Company.
Announcing the change, Sir Michael Marshall said:
“After 61 years in the business including nearly 27 years as Chairman, the time has come for me to be less involved in the day‐to‐day operations of the company. I am especially proud that, despite the growth we have seen in all of our businesses, we are still a privately-owned company, that we’ve remained true to our core values and that we have continued to grow each of our businesses in a changing market”
Sir Michael added:
“I am delighted to be taking up the new role of President, and I look forward to working with Robert and Alex to support them and the Company as and when required over the next few years.”
Commenting on the announcement, Robert Marshall said:
“We are all immensely proud of Sir Michael and all that he has done for the Company over more than 60 years, during which time he has transformed the business and is handing it over in a really strong position. Like everyone else here, we are delighted that he is going to continue to be part of the Company in his new role.”
Responding to the announcement, Alex Dorrian started by paying tribute to Sir Michael:
“First, I would like to congratulate Sir Michael on the achievements of the Company under his leadership. He has overseen an enormous progression of the Company during his remarkable 61 years and I join at a time when the Company is poised for yet more exciting developments.”
Alex Dorrian then added:
“I am hugely honoured to have been asked to become Chairman of Marshall of Cambridge. I have long admired the Company; there is something magical and seductive about Marshall and I am certain it will continue to flourish. I look forward to supporting Robert Marshall and his team as we continue to grow and develop the Company while maintaining its unique position as a privately owned business.”