Carrick launches share distribution scheme

Craig Featherby

Carrick Wealth has announced the launch of its share distribution scheme among existing heads of offices. All Carrick country and city directors have been awarded ownership shares as part of the company’s on-going drive to create an inclusive and committed management team. Carrick Chief Executive Officer Craig Featherby said this move made all the leadership team truly part of the business.

“As the CEO and founder, it was never my intention to fully own Carrick,” said Featherby. “My vision was to build a company which people felt that they were a part of. We all need to know that we are in this together and the share distribution shows my commitment to building what I believe to be the strongest team in the business.”

Beneficiaries of the scheme praised the decision, saying it strengthened their commitment to and belief in the future prosperity of the company.

“To become a part-owner in Carrick is a great honour and a privilege,” said Thomas Papenfus, Head, Carrick Wealth Johannesburg. “The share distribution shows enormous loyalty and commitment from the board and gives me even more reason to make sure our Johannesburg office thrives over the coming years.”

Carrick Joint Managing Director Greg Stockton said launching the scheme reflected the visionary leadership that characterised Carrick’s success.

“I have worked in the financial services sector for more than 15 years and have rarely seen such a decisive show of faith as Craig’s offer of direct ownership to the people who will be directly involved in building the company over the long-term,” said Stockton.

“Today is a pinnacle point in Carrick’s journey and I am sure we will look back one day and talk about the share distribution scheme as one which took the leadership team to the next level.”

In addition to the recent share distribution, Carrick have within the last few weeks promoted two new Managing Directors to the positions of Joint MD, recruited a Director of Acquisitions, and have put in place plans to open a family office. Joint Managing Director Mike Potts added that an announcement would be made shortly regarding the company’s decision to offer local advice from its South African business units. 



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