Creasey & Son Limited, along with its subsidiary companies Creasey’s Limited and Creasey’s (Franchise) Limited, is pleased to announce significant changes to its Board as the family-run business transitions from its fourth to fifth generation of leadership.
Effective from Friday, 1 August, outgoing managing director Peter Creasey has assumed the role of chairman, replacing his brother Tony, who will remain as a director. Jonathan Creasey, who has worked in the business for 15 years, has taken over as managing director, while chartered accountant Ben Creasey – the latest member of the family to join the business – has been appointed as company secretary.
Peter Creasey said:
‘I grew up in the family business, and I remember my father kept coming to work into his quite late senior years. I realised a few years ago that I was in danger of sleepwalking into doing just that.
‘We’re in a different position today than when my father and uncle retired, in that we now have a much stronger management team. This is the right time to step back and give others the opportunities I enjoyed.’
Jonathan Creasey said:
‘For the immediate future, nothing really changes, as we have great management teams running both of our businesses. There’s still a great future for the High Street. Town and the High Street are so important for our island community.’
Ben Creasey said:
‘With the incumbent financial controller retiring, it was the perfect opportunity to fit into a role suited to my experience. I’m excited and honoured to be a part of this next chapter for Creasey’s.’
The firm is currently involved in two major projects: the expansion and upgrading of the department store on the High Street, and the redevelopment of St Martin’s Marks & Spencer Food Hall.
Customers can expect to start shopping in new areas in the new development in High Street from September.
In St Martin’s, a temporary structure will be erected in the car park as the current shop is rebuilt. Peter Creasey will remain involved in both of these projects, even as his day-to-day presence becomes less frequent.
