The new management team. Standing, L-R: Anna Western, Ian Tregaskis, Adrian Searle, Bob Smith, James Irvine, Adam Blaxill. Seated, L-R: Trevor Smallwood, Dan Aldridge.
UK - Stage Electrics has announced a management buy-out (MBO) of the business from the estate of David Whitehead. The MBO was fully supported and agreed by David Whitehead prior to his stepping down from the role of managing director in May 2012 as a way to position Stage Electrics for future growth and security, the company says. David Whitehead sadly passed away in February 2013 after a courageous fight against cancer.

The new shareholders - Trevor Smallwood, Dan Aldridge, Bob Smith, James Irvine, Anna Western, Adam Blaxill, Adrian Searle and Ian Tregaskis - combine considerable business experience with a strong knowledge of the entertainment technology industry. Under the new ownership structure, Trevor Smallwood will continue as chairman of the board and the company's executive directors remain unchanged.

Dan Aldridge commented: "Stage Electrics is in a solid position; we have an order book that is in growth, an experienced team and a strong operation. With a business plan for growth and clearly identified market opportunities there is a strong future ahead of us. In order to meet these opportunities I will continue to build my team to ensure we have the best mix of talent and relevant experience to support our strategy. As we enter our next phase of growth I am determined to ensure that Stage Electrics retains the integrity and brand values that it is known for."

(Lee Baldock)

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