First Protocol board directors plan expansion and financial growth following MBO

First Protocol directors from London, New York and Singapore have joined for the agency's first annual board retreat since a management buyout (MBO) in December.

Cliveden's newly-restored Spring Cottage venue hosted First Protocol's board retreat
Cliveden's newly-restored Spring Cottage venue hosted First Protocol's board retreat

First Protocol’s US president Maureen Ryan-Fable and UK-based managing director Mark Riches were among members of the reshaped board to gather for the three-day event at Cliveden this week. 

Key strategies discussed included the consolidation of First Protocol’s expansion into Asia following the opening of its Singapore office in June; regional economic outlooks; expansion opportunities; and the finalisation of the agency’s revised five-year plan.

Also joining the meetings on 20-22 January were board director Ed Stanger, non-executive chairman Peter Godfrey, and First Protocol’s Asia president, based in Singapore.

The retreat followed the agency’s away day held in December, during which all employees had the opportunity to provide feedback and suggestions on the future direction of the business.

Riches said: "Through the MBO transaction the management team demonstrated their sustained commitment to our clients, the talented First Protocol team and the on-going success of the business.

"The leadership team remain committed to building an independent company and are totally focused on exceeding this year’s targets. We have to remain a nimble international events agency, and to continue to adapt to the business environment we face. We are excited about the prospects across the company and are well positioned to continue serving our clients to the highest standards."

He added that key targets for the agency are to "achieve sustainable growth in a challenging market; fully establish our Asia operation; and grow our managed service business".

While at Cliveden, the board also gave input to the multi-million pound redevelopment plans that will transform the heritage property.

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