"I will resume my role as CEO and Duncan Crocker will take on the role of Chairman of the Group."
- Philip Howell, Interim CEO of The Openwork Partnership
As seen by Protection Reporter, employees have been told by Philip Howell, Executive Chairman of Openwork, that he will step in as Interim CEO and Duncan Crocker will take on the role of Chairman. The process of recruiting a new CEO will begin shortly.
Philip highlighted in the email, “With Bain Capital as our new partners, we are entering an exciting era for Openwork. We are now commencing detailed planning for our inaugural year together which we look forward to sharing with you at the Conference in January.”
Openwork partners recently voted in favour of Bain Capital’s £120mn investment, resulting in the firm owning approx. 30% of the network. The deal is expected to be completed in the first half of 2025.
Richard joined Openwork in January 2020 as Chief Financial Officer (CFO) before taking over from Philip as CEO in 2023. Prior to Openwork, he served in several senior positions at RSA, Aspen Insurance Group, and the Royal Bank of Scotland, amongst others.
Employees have been told to contact their usual Openwork representative with any queries.
A Spokesperson for Openwork has confirmed these changes in CEO & Chair - and said there will be no further comments at this time.
