Chief executive officer, Gary Panons, will become the company’s first executive chairman and be succeeded by current chief financial officer and chief operating officer, Joe Hennigan on 1 April 2022.
Milton Keynes-based Amscan has revealed the change as it prepares for further national and international growth. The company has a turnover of over £250m and employs around 2,500 people worldwide, 350 of which are based in the UK.
Gary, who joined the business in 2011, commented: “There are hugely exciting times ahead for Amscan International with further organic growth and acquisitions. We have incredibly supportive investors and partners in Endless, a great leadership team and a wealth of experience and energy across all areas of our business.
“Part of any evolution is growing, developing and harnessing positive change. These changes to our board structure are entirely right for the stage and future success of our business, and I am delighted that Joe will be my successor as ceo. His strategic insight, deep experience of the industry and relentless pursuit of success will be instrumental to further growth.”
Joe, who has been working at Amscan since 2016, added: “We have an exceptional team at Amscan International and we are all excited for what the future holds as we further expand the business. We have a clear strategic growth plan and the funds available to make additional investments to accelerate the plan.
“These are exciting time and I look forward to continuing to work closely with Gary and the senior management team as we progress our strategic plan.”
Also from 1 April, current group finance director, Rob Sidell, will become chief financial officer. He joined the business last October.
