Founder of UK-based tfconnect Global Talent and Partnerships, Trevor Foley, has sold his shares in the international events industry recruitment business. The shares are to be held in an Employee Ownership Trust (EOT) for the benefit of the employees, both current and future.
Foley, who founded the company in 2008, told EW: “This is about building a sustainable future for the business. Miranda Martin has now been with the business, as MD, for over two years. She is doing a brilliant job and I want her and the team to be able to take things forward. I’m effectively on an earn-out. I remain as chairman in a business development capacity for now and I’m on the Board of Trustees, but I’m no longer a shareholder.”
Foley, explained how the business had evolved from being a pure events business, running events such as the Global Event Summit, to majoring on industry recruitment. Foley said: “I’m a connector of people, and over the years this side of the business took over.”
He described the company as a small boutique specialist operator and said that converting to a EOT status enabled tfconnnect to take advantage of a UK government-backed scheme and was tax advantageous for employees.
Martin added: “The strength of tfconnect lies in our combined expertise as long-term industry players, and our deep knowledge of the people and companies within it. We want to continue to build with a growing team of event professionals, to put even more of the right talent in the right businesses.”
Photo: Miranda Martin (centre) and Trevor Foley (far right) with the tfconnect team
Source: www.exhibitionworld.co.uk
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