Founding father of certainly one of Wales’ most profitable companies and main UK recruitment agency Acorn Recruitment, Matt Southall, has stood down as group managing director.
Mr Southall, who has been succeeded by Andrew Tugwell in an interim capability, established the enterprise in 1992, with its first department in his dwelling metropolis of Newport on Bridge Avenue.
Since then the enterprise, which has remained headquartered in Newport, has gone from power to power, boasting some 60 branches throughout the UK, Poland, Portugal and Australia, with a mixed annual turnover of £180m.
It’s estimated that over time, Acorn has positioned some 2.7 million individuals into new jobs by way of non permanent and everlasting place.
In 2005 Europe’s fifth largest recruitment agency, Synergie, took a majority fairness stake within the enterprise.
Mr Southall, whose departure gives an exit for his remaining small minority stake, mentioned: “It has been practically 30 years since, with the sort assist of three businessmen, initiated by the great Invoice Morris, that myself and co-founder Mike Mahoney opened that first department of Acorn, and I’ve to say it has been a tremendous journey ever since.
“Along with some unbelievable colleagues, constructing the corporate from that one department