Old Mill, a prominent financial firm in the South West, has restructured its board of directors to include a new chief executive and a managing director, amongst others. The aim is to strengthen its governance and strategic direction as it seeks to navigate an ever-evolving financial landscape.
In this pivotal move, Mark Neath has been appointed as Chief Executive Officer after an 18-year tenure with the firm. He will spearhead the long-term vision and growth strategies of Old Mill. The board now includes six members, notably co-founder Jolyon Stonehouse, who assumes the role of Managing Director.
The recent restructuring of Old Mill’s board signals a significant shift in its leadership strategy. Mark Neath, now the Chief Executive, has been entrusted with shaping the firm’s culture and growth trajectory, focusing on strategic initiatives to ensure continued success. He expressed enthusiasm for the role, emphasizing the opportunity this change represents for innovation and leadership within the industry.
Mr. Stonehouse will act as the critical link between the operational service lines and the board, ensuring cohesion in governance and operational execution. He emphasized the importance of robust governance frameworks that will position Old Mill to address future challenges effectively.
Jonathan Fox, as the non-executive adviser, will provide independent oversight, leveraging his extensive industry experience to guide the board. These changes underscore Old Mill’s dedication to comprehensive governance structures.
The firm’s regional presence is strengthened by its offices in Yeovil, Wells, Chippenham, Ilminster, and Exeter, which serve as pivotal operational hubs. This geographical spread enables Old Mill to cater effectively to local markets, fostering strong client relationships.
The firm’s client-first philosophy drives innovation and service improvements, tailored to address individual and business-specific financial goals. This strategy is integral to maintaining their competitive edge in the financial sector.
This forward-thinking approach aims to not only sustain but also accelerate Old Mill’s growth, reinforcing its position as a leader in the financial services industry.
In light of these substantial changes, Old Mill is poised for a promising future backed by strong leadership and strategic governance.
Old Mill’s recent board restructuring is a testament to its commitment to strong leadership and strategic growth. As the firm embarks on this new chapter, its enhanced governance structure and client-centric approach are set to drive continued success and sustainability in the financial services sector.
