Following the death of Succession founder and CEO Simon Chamberlain, the firm’s non-executive chairman Ray Pierce will take over as executive chairman with immediate effect.
Pierce joined Succession in November 2009 and previous appointments include senior independent non-executive director at Tesco Bank, a Senior Vice President of American Express, Chief Executive of Robson Rhodes and a main board director of Guardian Royal Exchange.
Pierce said: “Succession’s plans, strategies, and vision remain unchanged. Thanks to the strong foundations that Simon built, Succession is exceptionally well-equipped for the future. We have a proven market leading model, a strong management and operational team; our financial results are excellent, and we have the wholehearted and unconditional support of our investors, Inflexion.
“Succession will continue to offer the best possible support to Simon’s family at this difficult time. I have been touched by the huge number of messages of condolence and support, from both within and outside the company. The best way we can honour Simon’s memory is to redouble our efforts to bring his dream to fruition. I know he would expect nothing less.”
