Global celebrations group Wonder has announced that its ceo, Joe Hennigan, has decided to step down from his role for personal reasons.
The company’s executive chairman, Gary Panons, who has more than 27 years’ experience of the business, will act as interim ceo for a short period whilst a successor is appointed.
Gary Panons commented: “Wonder would not be what it is today without Joe’s vision as to what our group could become.
“I have worked closely with Joe over the past five years and have witnessed his leadership, dedication and foresight.
“Joe was the driving force behind our management buyout (MBO) from Party City Holdings and led on the acquisition of seven brands and businesses into Wonder during the last seven years.
“He also led on the transformational £8m investment to automate our Milton Keynes distribution centre and the group rebrand to Wonder a year ago.
“We thank him for everything he has done for the business and wish him well in future endeavours. As interim CEO, I will continue to build upon Wonder’s firm foundations with the support of the excellent teams we have throughout our business until a new permanent ceo is appointed.”
The Milton Keynes-headquartered global designer, manufacturer, distributor, wholesaler and retailer of party products operates across 15 countries.
In January 2021, Wonder underwent a MBO supported by Leeds-headquartered private equity firm Endless
Joe Hennigan added: “It has been a privilege to lead such an outstanding business and to work alongside highly capable individuals and teams who are totally committed to driving Wonder’s success.
“I would like to wish everyone associated with the company the very best for the future. After the last few years now is the right time for me to step away from the business and I am now looking forward to taking a break and spending time with my family.”