News
Change at the top for Roland UK
Andy Barrett Aug 21 2006, 10:00am
It has been revealed that Roland UK has bought back into the company thanks to a management buy-in by the UK directors.
Following on from the news that the Roland Corp of Japan had appointed John Booth (above, MD of Roland UK) and Dennis Houlihan (president of Roland US) to the central board of directors, John Booth has revealed that his UK board of directors had bought into the UK operation, making it the first Roland joint venture to revert from being a 100 per cent, wholly owned subsidiary.
While all Roland JVs were established as 50/50 shared ventures with the central Japanese company, the UK, US and Germany had all been taken over by Roland Corp during the company’s slump years in the 1990s.
For the first time, Roland UK has bought back into the company.
“It is only a small share percentage,” commented Booth, who was unable to disclose any figures. “The four directors are buying in as a team, but it is only a small amount, we will be minor shareholders. This is the first ever turnaround from a 100% Japanese holding to less – which is about as much celebrating we will be doing for Roland UK’s 25th anniversary.”
The four directors are Booth, Paul Blease (sales director), Tim Walter (marketing director) and Paul Stevens (finance director).
