Bransgrove steps down as Ageas CEO

New Ageas Bowl CEO, David Mann

New Ageas Bowl CEO, David Mann

The Ageas Bowl has announced that Chief Executive Rod Bransgrove will be stepping down as from 1 December. He will be replaced by David Mann, currently group Financial Director. Bromsgrove will retain his position as Chairman of the Board of Directors.

Since taking the helm at the Club in 2000 as Chairman and Chief Executive Bromsgrove has overseen the change of Hampshire Cricket’s home venue from Northlands Road in Southampton to The Ageas Bowl in West End. Early in 2012, he orchestrated the conclusion of the Naming Rights Agreement which resulted in the ground being renamed The Ageas Bowl.

During his time at the helm he helped assemble a strong Hampshire County Cricket side with high-profile signings, such as Shane Warne, John Crawley and Kevin Pietersen.

Over the past seven years  Hampshire has won three One Day trophies and two 20/20 cups. Bransgrove was also responsible for bringing International cricket to the South Coast for the first time

The period of Bromsgrove’s tenure also saw several major rock concerts at the (then) Rose Bowl -Oasis, Billy Joel, Neil Diamond, The Who and R.E.M all appeared there.

Despite these successes, by December 2011 the financial situation at the Rose Bowl had become critical – accounts released recently showed that the operating company at the bowl lost £3 million last year – However Bransgrove was able negotiate a life saving £40 million sale and lease back deal with Eastleigh Borough Council which saw the council deal with creditors and provide the funds to build a four star spa hotel and golf course at the venue.

As result of the Council involvement, three Eastleigh Councillors – including Council Leader Keith House – have been admitted to the board to represent Council interests.

The Ageas Bowl is also in the process of raising £2 million through the sale of 260 five year debentures at £7,500 each

Rod Bransgrove said:

“After 12 years of fulfilling a dual role, and having now stabilised the business with a significant re-investment package, the time is right for me to focus on my position as Group Chairman, taking responsibility for Board-related matters including strategic planning.

“In David Mann, we have an ideal candidate to take over the operational management of the Group. He has excelled as Finance Director for the past five years and has been instrumental in the conclusion of the highly-complex re-investment transaction with Eastleigh Borough Council over the past year.

Before joining The Ageas Bowl, David Mann held a number of senior financial positions in industry working as a Finance Director, Financial Controller and European Financial Controller including spells working in France and Spain. Prior to this, he qualified as a Chartered Accountant with KPMG.

David Mann said:

“It is a privilege to be taking over as CEO of this business. We have a team of tremendously talented and committed people here and, working together with Eastleigh Borough Council, the England and Wales Cricket Board and our commercial partners and stakeholders, we look forward to building on Rod Bransgrove’s achievements over the last decade and making The Ageas Bowl one of the finest venues in the country, a legacy for future generations and something the people of Hampshire can be truly proud of.”

 

 

  1 comment for “Bransgrove steps down as Ageas CEO

  1. Stephen Slominski
    October 29, 2012 at 1:38 pm

    Not so much the loss of a Chairman as the gain of three councillors.
    Matthew Myatt pointed out that Keith was voting himself in as an EBC director during the last council much to the amusement of the ‘indignados’ in the public gallery.
    I’m sure they will be line for some ‘lovely teas’ at the bowl lucky so and so’s!

Comments are closed.