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Guy Stobart steps down as CEO of Kennedys

The international law firm has 'no current plans to replace him' 

4 November 2014

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By Manju Manglani, Editor (@ManjuManglani)

Guy Stobart is stepping down as CEO of international law firm Kennedys after five years in the role.

The news comes a day after the firm announced that it had been granted an alternative business structure (ABS) licence over the weekend.

The firm says it has "no current plans" to replace Stobart, who will leave his post at the end of 2014 and continue to work for Kennedys on a consultancy basis until April 2015.

"After five very happy and stimulating years, I have decided that the time is right to take up some new challenges," said Stobart.

Stobart joined Kennedys as CEO in 2009 from Burges Salmon, where he had served three terms as managing partner.

During his time at Kennedys, the firm's turnover almost doubled from £68m in 2009 to £128.5m this year, while its headcount rose from 796 to approximately 1,250. Five new offices were also added to the firm's global network, which now comprises 19 offices.

The firm says Stobart has been a driving force behind the integration of the new offices.

Stobart also led the implementation of a global practice management system, the outsourcing of information services to Integreon, the introduction of 'agile' working and, most recently, the completion of the firm's largest global IT upgrade.

"Guy has made a very valuable impact on Kennedys' business, having been part of taking a great business and making it ever stronger. I wish him well in whatever he chooses to do next and thank him for the commitment he has made to Kennedys' growth agenda," said senior partner Nick Thomas.

"One of his legacies is the team of business services directors in place to continue spearheading our growth."

As CEO, Stobart was instrumental in developing Kennedys' business services team, including the reorganisation and operational improvement of the firm's finance function.

New appointments included finance director Fiona Scott, who will now report directly to Thomas and the firm's strategy board.

 

 

 

 

 

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