As part of the future growth strategy for Genuine Solutions, the new management team will take majority ownership of the business, The MBO means that founder, Christian McBride will step down as CEO but will continue to remain a shareholder.
Christian founded the company in 2005. His drive, ambition and vision for the company has seen Genuine Solutions develop into a global leader in the recovery, reuse and recycling of technology, processing more than 90 million units to date. The business, under his leadership has been recognised by government and industry for its many achievements and acts of philanthropy.
Without Chris’s contributions over the years as Founder and CEO, we wouldn’t be where we are today.
The Management Buy-Out, led by Paul Crossman, enables Chris to exit the business, having played a significant role in the company’s journey over the past seventeen years. Commenting on the buyout, Paul reflects, “Chris has been such an integral part of the Genuine Solutions journey. Our mission is to be the natural choice for people and industry as their circular technology solution provider and without Chris’s contributions over the years as Founder and CEO, we wouldn’t be where we are today. We have a fantastic legacy to springboard the next stage of our future growth strategy to build a sustainable business for people and planet”
Genuine is in great hands with Paul and the Management team and I wish them all well for the future.
Upon his departure, Chris commented, “I’m extremely proud of what we have achieved together as a team at Genuine but I felt that this was a good time to take a step back. Genuine is in great hands with Paul and the Management team and I wish them all well for the future. I know that they have some exciting plans and I cannot wait to help them develop them as part of my new role!”