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Phil Madden becomes Bluehat chief executive

Financial director takes up top job, replacing outgoing CEO Tim Shepley

Pictured: New Bluehat CEO Phil Madden

Bluehat Group has announced it has appointed Phil Madden as its new CEO.

Madden, who joined the team building company earlier this year, replaces outgoing CEO Tim Shepley.

Neil Harvey, chairman, said: "I am delighted to announce that we have appointed Phil Madden as our new CEO. Phil joined us as financial director in March and had an immediate effect in transforming our finance function and in providing real insight into our business and its underlying processes. His long experience at senior corporate level gives him the ideal platform on which to lead us in the next stage of our development. Founding shareholders will continue to be actively involved in the business to support Phil in driving the company forward to a future which we confidently expect to be even more successful."

Phil Madden, CEO, said: "I am incredibly honoured to have been invited to take the reins at such a vibrant and successful company as Bluehat. The company has a well-earned reputation for the quality of its team building events and for its support for corporate learning and development.  I am delighted to have been given the chance to work with the senior management team to build on its current position.  I am confident that our future is as bright as it has ever been."

Madden's predecessor Shepley served as managing director and then CEO for a number of years. In his time at the helm he oversaw the purchase of its US company Catalyst in 2014 along with the creation of its new training arm for millennial employees, Bluehat Develops, earlier this year.

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