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Hiring Hub founder steps aside following MonacoSol investment

Simon Swan

Simon Swan, the founder of Manchester-based tech company, Hiring Hub, has announced that he’s stepping down as CEO.

It comes a few months after the multimillion pound investment by MonacoSol and it will be the private equity fund’s MD, Ashley Sellar who will be taking on the CEO role.

“I’m stepping aside, passing the Top Dog baton to someone who’s been close to the business over the last six months, supporting its team and I as we’ve doubled headcount, developed, initiated, and driven new growth strategies, and increased job volume (+26%) and users on our marketplace (+51%) following investment from MonacoSol at the back end of last year,” wrote Swan on LinkedIn. 

“Ashley Sellar, who joined MonacoSol as MD at a similar time, has assumed the CEO mantel, allowing me to do more of the things I love, and less of the things I wrestle with. By nature, I’m a builder. I like creating things. Starting stuff. Experimenting. Pushing for ideas to come to life. Whether that’s a product, go-to-market concept, a fresh strategy, partnership, marketing brainwave or piece of platform functionality. I’m curious and led by my imagination. Using it gives me energy and gets me out of bed in the morning. Finance. Legal. HR. Maintaining the rigour and discipline of management… These things less so.”

The Manchester-based recruitment marketplace works with businesses including On The Beach, SSE, Henkel and Sega. The investment from Manchester-based MonacoSol was its second in the city’s recruitment sector, following Furza.

Swan explained how new CEO, Sellar had become integrated into the company:

“Watching him work in recent months while embracing Hiring Hub has been a joy – plus I’ve learned heaps from him – as this transition has meandered organically towards today’s announcement. Initially he came in to offer an extra pair of hands during the inevitably frenetic period of transition and growth, post investment. However, he enjoyed his time with us, is super-excited about the marketplace’s potential, and proved a real asset during that time. One we didn’t want to let go of.” 

Since January, the company has expanded into German and the Nordics.

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