DORSET’S world-famous paint and wallpaper maker Farrow & Ball is to get a new boss.
The company said it was “excited” to reveal that Anthony Davey would take over as chief executive from April 30.
He will replace the company’s award-winning chief executive Don Henshall.
A statement said: “Premium paint and wallpaper manufacturer Farrow & Ball has announced that it has appointed Anthony Davey as its new chief executive officer.
“The Dorset-based firm has confirmed that effective from April 30, Davey will assume the leadership role, taking over from its current chief executive officer Don Henshall, who leaves after eight years with the company.
“Anthony Davey is a highly experienced, successful and well-regarded business leader with a strong commercial background, holding senior positions at Proctor & Gamble and most recently chief executive officer of GHD, the manufacturer of premium hair styling tools.”
Mr Davey, who has US and European citizenship, is a graduate of Queen’s University Belfast and Georgetown University’s McDonough School of Business in Washington, DC. He has been chief executive of GHD since 2014.
Before that, he was with Procter & Gamble from 1995-2011, working in Cincinnati, Minneapolis and Switzerland before spending his last three years with the company as vice-president and general manager in Singapore.
Earlier this year, Farrow & Ball revealed a record 12 months up to March 2017, with revenues of £83.3million compared with £72.8m the year before.
The business saw growth in all four key markets – the UK, North America, France and Germany – as well as newer territories such as Holland and Scandinavia.
Sales in the UK rose by nearly 10 per cent, while online sales were up 14.5 per cent to £5.6m.
The company, based at Uddens Industrial Estate near Wimborne, employs around 300 people in the UK and 620 globally.
It has a social media following of more than 1.2m and sells in more than 50 countries.
Farrow & Ball was founded in 1946 by John Farrow and Richard Ball, who built their first paint factory factory in Verwood.
It is 25 per cent owned by management and employees, with the remaining three quarters owned by institutional investors, including asset management company Ares Management.
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