Wise Productions, a live and virtual creative event production company, has become an employee owned business. The founder, David Wise, has taken this action to recognise the abilities of the team and so that he can pursue philanthropic projects. He recently pledged almost £500k to philanthropic causes based around homelessness and music education.
From the recent press release…
“As the saying goes, surround yourself with the brightest and the best – selling Wise to the staff is a logical end to this action. I have a yen to pursue philanthropic projects, so it is time. George and the new Board are best placed to take the company forward and continue its successful trajectory of growth. The staff will have a greater voice and ultimately, a share of the profits they deliver. The new structure will also help attract and retain new talent.”
George Foden, who has been with the company since 2015, is the newly-appointed Managing Director and will take over the running of Wise, which is an events supplier to the likes of Kensington Palace, the V&A, Tower of London and Natural History Museum, with David becoming Chairman.
According to their press release, George said…
“Wise Productions is a very special place to work, full of incredibly talented individuals who work tirelessly to deliver stunning events for our clients and partner venues. I’m therefore delighted that David has chosen the path of employee-ownership for the business, in recognition of the dedicated team we have and their constant drive for high-quality service. I feel privileged to be leading the business into the next chapter of its history, and grateful that David will continue to support the Board and new owners as Chairman, as we realise our ambitious plans for continued growth and environmentally-sustainable project delivery.”
The company was founded in 1990 and is an accredited supplier to 38 unique and historic venues including palaces, museums and galleries. It has become established within the worlds of corporate and private events and its portfolio ranges from international conferences to luxurious weddings. The first museum to appoint Wise as preferred supplier was the Science Museum and in 1991, Wise supplied full production services for the launch of The Japan Festival opened by HRH The Prince of Wales, now King Charles III, and the Crown Prince.