Richard, who joins the eaga Trust from Narec, the National Renewable Energy Centre, at Blyth, brings more than 19 years’ experience to his new role, in which he will be responsible for the day-to-day running of the trust and driving the ways in which its purposes are expressed and actioned.
The eaga Trust exists to promote employment, employee ownership and engagement in the workplace and supports the 7,500 people across the UK who worked for eaga plc from January 1, 2000, until April 21, 2011, when it was sold to Carillion plc.
It does this through a variety of means including training grants and business loans for registered members who wish to start their own business, while there are also a variety of benefits for members, including holiday homes in the UK, Europe and America which members can book.
All registered trust members are able to use the trust’s Skill-Builder fund, to pay for training, skills and education with a view to improving their employment prospects.
Richard trained as a chartered accountant with PwC and moved to the corporate finance team where he worked for eight years before moving to Narec where he was finance director and oversaw the rapid expansion of the facilities including securing over £100m of investment and the associated growth of the business
He said: “During my time at PwC I was very fortunate to work with eaga, advising on strategic options in advance of the IPO. I have also had experience of employee ownership models within North East businesses during my career so I am delighted to be taking up this role with the eaga Trust at such an exciting time, with membership expanding rapidly and exciting new projects in the pipeline”
Trust chairman Ken Temple said: “We are delighted to welcome Richard to the eaga Trust. His broad-based experience and his commitment to our objectives will be a considerable asset to the team.”
Richard, a father of three from Rothbury, Northumberland, added: “I am very much looking forward to working with the team at the eaga Trust, to continue to expand its reach and impact and demonstrating the success employee ownership and engagement can bring about.”
Further information about the eaga Trust can be obtained via the website www.eagatrust.com