Home | Fly Fishing Features | News | Sanderson leaves Hardy & Greys

Sanderson leaves Hardy & Greys

By
Font size: Decrease font Enlarge font
Sanderson leaves Hardy & Greys

UK trade magazine - Tackle Trade World are reporting the departure of Hardy Greys MD, Richard Sanderson, with others to follow, at the Alnwick-based branch of the company.

Tackle Trade World say:

"After eight years as managing director of UK tackle giant Hardy & Greys, Richard Sanderson has left his post at the company.

Staff were told of Richard’s departure at 09.30 GMT, Wednesday 16th November.

TTW also understands that between 25 and 35 other members of staff are expected to lose their jobs within the next few months as part of wholesale changes at the company.

Richard joined Alnwick-based Hardy back in 2003 from DIY tool manufacturing brand Black & Decker, where he was also managing director.

During his tenure Hardy has grown significantly, introducing successful brands such as Chub in the carp market, while also strengthening its historic names like Hardy.

However, times have become increasingly tough for the company in recent years, with the most up-to-date financial figures showing a revenue loss in excess of £500,000.

TTW believes that the proposed job losses will be made at the company’s headquarters in Alnwick, England, and that its USA and German operations, as well as its sales team, will not be affected.

The main point of contact for the trade will now be sales and marketing manager Ken Brewster. It is understood that Ken will run the company with three other Hardy & Greys directors with the part-time assistance of present board member and previous managing director Richard Maudslay."               

 







Articles by the same author






Comments (2 posted):

Pocono on 17/11/2011 11:27:41
avatar
Sounds like a financially/politically motivated move. It should be interesting to have the company run by a committee; I've seen very few of those situations that have worked out well for either the employees or the shareholders. They're certainly making some very nice fresh and saltwater fly rods now under the Hardy brand. And their reels have always been top shelf. Pocono
Jackster on 17/11/2011 13:21:11
avatar
Not knowing much at all about the business end of Hardy & Greys, what I do know is that within the past 8 years their products have exploded in popularity and exposure over here in the states. What puzzles me is how companies can be hurting financially when their labor costs had to have gone down substantially when they opted to do the modern thing and move production to low cost Asian countries.
Add/View Comments
  • Email to a friend Email to a friend
  • Print version Print version
  • Plain text Plain text

Tagged as:

No tags for this article

Rate this article

5.00

Follow NA Fly Fishing Forums!