We have implemented several changes to the senior management team at Central Office in a bid to strengthen our market position and provide enhanced support to franchisees across our network of 160 offices.
Executive chairman Mike Goddard, who founded Belvoir in 1995, used our 2014 annual conference as a platform to announce that finance director Carl Chadwick has accepted the role of chief executive officer, with former CEO Dorian Gonsalves taking on a new role of director of commercial and franchising. A further four non-executive directors have been appointed to the board to provide front line support to Belvoir’s franchisees.
“I am incredibly proud of everything that Belvoir has achieved in the past 19 years,” said Mike. “It gives me enormous pleasure to announce that a strengthened new senior management team has been put into place and that Carl Chadwick has taken on the role of CEO. He will be fully supported by Dorian Gonsalves in his new role as director of commercial and franchising.
“I am very confident that these changes will lead to increased success for our franchise owners whilst also raising Belvoir’s standing in the market and benefiting our shareholders.”
Dorian said: “It has always been my vision to put into place a senior management team that will enhance and improve the infrastructure of Belvoir.
“I initially joined Belvoir in 2005 when it was valued at only £4million. Today Belvoir’s profits have risen to over £1.5million and turnover to over £4million. During this time I have achieved most of the challenges that I set myself. With the full support of the network and our skilled team at Central Office, I have seen the company through the most difficult economic downturn in living memory and steered us through a stock market flotation in 2012. Our business has grown every single month since we opened in 1995, a major achievement considering that we have come through the deepest recession since 1920.
“When Belvoir first floated on the stock market in February 2012 we had 26 staff at Central Office and we now have a total of 78, including the directors, which goes some way to demonstrating the level of growth the company has undergone.
“During this period I was the only operational director and the time is now right for us to strengthen our senior management team, enabling us to make the best investment decisions for the future which will benefit Belvoir, all of the franchise owners and of course our shareholders.
“Carl Chadwick is exceptionally skilled at corporate finance and the plc side of the business, whilst my passion lies with developing the Belvoir business, property management and franchising. These changes in the senior management team reflect a better division of our skills, which will ultimately benefit all of our franchise owners and also our shareholders.”
Speaking of his appointment as CEO, Carl Chadwick said: “I am looking forward to my new role and I am both honoured and privileged to be taking on this position at such an exciting time for the business. I am confident that all these changes are very positive and that we will be able to give franchise owners greater value in the future.
“As CEO I will have a strong team of board directors, senior managers and operational staff, releasing me to focus on the strategic growth of the company and to work closely with franchise owners to help formulate their growth strategies and maximise the value of their asset base through acquisition.
“Belvoir performed well during the recession, but I am acutely aware that the business needs to continue to evolve in an increasingly competitive environment.
“I strongly believe that Belvoir is one of the most responsible, ethical and well positioned franchised businesses in the industry and has a 19-year track record to prove it. We have shareholder investment to spend on acquisitions and we are now in a position to able to offer loans to our franchise owners in order to facilitate the growth of their businesses, which is a very exciting proposition.
“Belvoir’s acquisition project provides our franchise owners and shareholders with a massive business opportunity that has immense capacity for success and I am looking forward to the next few years when we will see the realisation of these ambitious business plans.”
Our new CEO, Carl Chadwick will enjoy full support from his predecessor Dorian Gonsalves, who takes up the position of director of commercial and franchising. For more information please click here.
