Following the departure of CEO Phil Madden after just six months in the role, Bluehat Group will meet with creditors in London this afternoon to vote on the future of the events and teambuilding agency.
Former managing director of Bluehat UK Ltd and former Bluehat Group CEO and shareholder of Bluehat Group Tim Shepley shared his views with C&IT on the situation.
Shepley said: "The news about Bluehat’s demise is very sad. As managing director of Bluehat UK Ltd and then CEO of Bluehat Group, I ran the business for more than 15 years with a strong leadership team and it looks ironically like all our own strong team building success has now been wasted."
Shepley went onto say that he personally disagreed with the decision from other Bluehat shareholders Ben Parkinson, commercial director, and Neil Harvey, chairman, to appoint Phil Madden as CEO. During Madden’s tenure, Shepley believed that "they let some good, experienced senior people go because they didn’t try hard enough to keep them."
Prior to joining Bluehat, Madden had, according to Shepley, never worked in the events industry. Shepley explained that Madden had come from a financial director role whose primary focus was numbers.
Madden was appointed as financial director in March 2016 by Shepley before replacing him as CEO last September.
Shepley will be in attendance at the meeting today alongside other creditors of the company to decide on Bluehat Group’s future.
Bluehat Group has been approached for comment on numerous occasions without reply.
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