Sir Michael Marshall has announced that he will be standing down as Chairman of the Board and as a Director of Marshall of Cambridge on 1st October 2016.
Sir Michael Marshall stands down as Chairman of Marshall
Sir Michael Marshall will take up the new role of President, representing Marshall at major events and on national and local panels.
The new Chairman will be Alex Dorrian CBE, who joined the main board earlier this year and who is currently Deputy Chairman. Alex Dorrian has a wealth of experience in both the private and public sector, including many years in the aerospace and defence sectors in the UK and overseas. He is also chairman of Thales UK.
Robert Marshall’s appointment in 2012 as Group Chief Executive ensures continuity for the Marshall family’s executive control of the Company founded by his great‐grandfather in 1909.
Announcing the change, Sir Michael Marshall said: “In my 85th year, after 61 years in the business including nearly 27 years as Chairman, the time has come for me to be less involved in the day‐to‐day operations of the company. I am especially proud that, despite the growth we have seen in all of our businesses, we are still a privately‐owned company, that we’ve remained true to our core values and that we have continued to grow each of our businesses in a changing market.”
Sir Michael added: “I am delighted to be taking up the new role of President, and I look forward to working with Robert and Alex to support them and the Company as and when required over the next few years.”
Commenting on the announcement, Robert Marshall said: “We are all immensely proud of Sir Michael and all that he has done for the Company over more than 60 years, during which time he has transformed the business and is handing it over in a really strong position. Like everyone else here, we are delighted that he is going to continue to be part of the Company in his new role.”
Responding to the announcement, Alex Dorrian started by paying tribute to Sir Michael: “First, I would like to congratulate Sir Michael on the achievements of the Company under his leadership. He has overseen an enormous progression of the Company during his remarkable 61 years and I join at a time when the Company is poised for yet more exciting
Alex Dorrian then added: “I am hugely honoured to have been asked to become Chairman of Marshall of Cambridge. I have long admired the Company; there is something magical and seductive about Marshall and I am certain it will continue to flourish. I look forward to supporting Robert Marshall and his team as we continue to grow and develop the Company while maintaining its unique position as a privately owned business.”
Founded in 1909, the Marshall Group has a turnover of £2.5bn and over 5,700 employees. Headquartered on a 900-acre site in Cambridge, Marshall has three principal arms to the business: Aerospace and Defence; Property; and Ventures.