Euan Jarvie, the former CEO of dentsu UK&I has joined the board of scarlettabbott, following investment from LDC.
The York-based employee engagement consultancy wouldn’t reveal how much the investment amounted to, but stated that it was “huge leap forward” for the company.
“This is a hugely exciting time for scarlettabbott. We have seen significant growth in recent years through our focus on creating a better world of work for our colleagues, our clients and the industry as a whole,” explained Jeremy Petty, who’s moved from MD to CEO.
“The partnership with LDC represents a great opportunity to bring in not only significant investment to our business, but also vast experience and expertise. This puts us in a unique position to continue to expand our team and deepen the partnerships we have with our global clients further in the coming years by offering a wider range of services in the employee engagement and people consultancy space.”
The investment has led to a reshuffle of its senior team. As well as Petty becoming CEO, co-founders, Rachel Thornton and Jonathan Abbott have moved to non-executive positions on the Board.
LDC Investment Director Lee Donaldson also joins the board, alongside Euan Jarvie, who left dentsu UK&I last year. He becomes Non-Executive Chairman.
“The opportunity for the further development and growth of scarlettabbott is extremely clear and exciting,” said Jarvie.
“Its offering is more relevant than ever, with global businesses’ increasing need for improved internal communications and more sophisticated employee engagement programmes. I am truly excited to be part of the next phase of their journey”.
LDC is the private equity arm of Lloyds Banking Group, which invests in medium-sized businesses.