Beck Optronic Solutions has future-proofed its business continuity by adopting a model that has seen its 25 employees assume majority ownership of the firm through the establishment of an Employee Ownership Trust (EOT).
Andy Hedges, Operations Director, and Ian Brock, Sales & Marketing Director, both with more than 35 years's service with the company, will assume the roles of Joint Managing Directors. Robin Hull, Chief Designer, and Shailen Bharadia, Technical Director, also join the new Board.
Rob Parsons and William Good, the previous majority owners, have retained a minority shareholding and will continue to serve on the Board.
Rob Parsons, the outgoing Managing Director, said "It was important for my business partner William Good and I that any change was structured in a way that ensured continuity and rewarded the dedicated and loyal employees who have helped make the company the success it is today. The sale of the majority of the shares to the EOT has ensured this and I look forward to seeing the business develop further and flourish under the new ownership structure"