Resignation follows ‘successful integration’ of Manchester broker
Jon Manson is stepping down from the Jelf Group’s board.
The consolidator announced to the stock exchange this morning that the Manson Insurance Group founder, who sold the Manchester-based business to Jelf in January 2008, is resigning from the Jelf Group’s Plc Board with effect from 1st May.
The ex-Manson chairman will continue to be an employee of Jelf and provide consultancy to the board on sales and marketing matters.
Jelf said Manson was stepping down following “the successful integration of the various businesses within the Manson Insurance Group”.
Jelf chairman Les Owen said: “On behalf of the board I would like to put on record our appreciation of the support and energy that Jon has shown since joining the group. I am delighted that Jon has decided to continue working on the group’s behalf.”
Jelf’s recently published annual report shows that following a series of deferred payout s to the owners of the firms it has acquired, Manson has become the largest individual shareholder in the company with a 9.71% holding in the business.
Manson and his partners received £2.57m in Jelf shares and payments of £232,000, according to the report.
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