Phil Munnelly has been head of the family business for more than 40 years, but having turned 70 in March has decided to hand over the reins to his 39-year-old son Paul David Munnelly.
As chairman, Phil Munnelly will continue to support the leadership team and contribute to the strategic direction of the group, the company said.
“Over the years, as the group has grown and matured, we have established a strong leadership structure that allows for strategic oversight while empowering our leaders to execute and deliver positive results,” Munnelly Sr said.
“This leadership evolution has enabled me to naturally transition into a more ambassadorial role, allowing me to focus on high-level strategic conversations and client engagements where my industry experience and network can add the most value.
“While my role is evolving, I remain fully committed to the continued success of Munnelly Group. I will stay actively involved in strategic decision-making and will be supporting Paul in his new position. I am very excited about this new chapter and look forward to continuing to contribute to the group’s growth and success which has been the story so far.”
Munnelly Group turned over £147m last year, making a pre-tax profit of £1.5m.
Paul David Munnelly said: “I am excited to be taking on this new role within the business and look forward to building on the success that we have experienced under the stewardship of Phil.
“These are exciting times for the Munnelly Group and by making these boardroom transitions, we are strengthening our core, strategic, leadership team even further so that we can continue to deliver excellent levels of service to our clients and partners.”
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