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Industry

Bryan Godwyn steps down as MD of IFS

Bryan Godwyn will stand down as managing director of Intelligent Finishing Systems (IFS), after the company also announced that it will now be owned by its 30 employees in an Employee Ownership Trust.

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IFS is now owned by its 30 employees following the transfer of 100% of the company in an Employee Ownership Trust

It means that Eric Keane will take over as managing director, while Godwyn will remain on the board during a short transitionary period. Jason Seaber will continue as the technical sales director.

On Godwyn’s departure, Keane says: “Bryan has been a real driver and leader at IFS for the last 30 years. He has grown the company to its current unrivalled market position – an example for everyone in the business. His work rate, commitment and customer-driven ethos are something will leave an enduring legacy.”

This plan needed to guarantee the continuity of the business long into the future

The decision to give the company to the employees was taken and delivered by shareholders Eric Keane (40%), Bryan Godwyn (40%) and Jason Seaber (20%). Ownership was successfully transferred to the employees on October 1st 2019.

Keane explains the motivation behind the move: “This plan needed to guarantee the continuity of the business long into the future, to the mutual satisfaction of all stakeholders (employees, suppliers and customers). It also needed to provide the best platform for the company’s continued growth and give a fair return on our investment. We are all absolutely delighted with the result as it achieves all of those things.”

Eric Keane, managing director of IFS

Godwyn adds: “We wanted to ensure that it would be a succession plan preserving the good name of the company and enabling it to continue its development along the current path. We have always valued our independence. It is something that’s in our culture, as we believe it promotes the very best creativity, commitment and sense of belonging by the whole team. It enables us to have a real identity in what we do and deliver the very best customer experience. We are glad to say that the EOT enables this to continue.”

Under the Employee Ownership Trust, there will also be a senior management team, consisting of Gareth Read, head of technical services; Kelly Moore, operations manager; Marion Cooper, credit control and HR manager and Michele Faulkner, technical services administration manager. Keane and Seaber make up the board of directors.

The IFS Employee Ownership Trust was managed by Kevin Uphill, alongside his team at Avondale Corporate of Reigate.



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