International events company First Protocol has announced that its CEO Richard Waddington is stepping down. He is leaving the company to pursue personal interests.
Waddington’s departure was primarily supported via a Management Buy Out (MBO) through the existing Directors.
As a founder of the company, 17 years ago, Waddington has been instrumental in building First Protocol.
Chairman Peter Goey expressed the view of the Board that the company would “clearly miss the vision and drive that Richard constantly brought to his work. They fully respect his decision to take time for other pursuits and are delighted that he will return as a Special Advisor to the FP Board in the future”.
Goey also stated that through this MBO transaction the management team has “demonstrated their full and on-going commitment to the clients, the talented First Protocol teams and the on-going success of business”.
The company reported a strong year in 2011/12 and is looking forward to building for further success in 2013, the Chairman added.
First Protocol recently opened offices in Singapore and expanded its client base both in the US and Europe.
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