Founder steps down as software firm becomes employee-owned

Software firm Vectric has become employee-owned in a deal which will see staff control 51% of the company. The Alcester firm's owner, Brian Moran has set up an employee ownership trust structure, whereby the majority shares of the organisation are held in a trust on behalf of the staff. Vectric will continue to be headed up by managing director Edward Powell with Moran stepping back from the day to day control. Moran said: "I am extremely lucky to have worked with such talented people over the last 14 years, and now is the ti... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
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