In our series of videos focused on family businesses, Chief Operating Officer of the Rigby Group plc, Steve Rigby, talks about the importance of diversification and protecting the family’s wealth when building for the future.
Founded by Sir Peter Rigby in 1975, the Rigby Group plc is a £2 billion organisation focused in five key sectors. They have a total of six thousand staff - five thousand of which are focused in their technology business and the other one thousand operate across their other divisions in Airports, Aviation, Hotels and Property.
Steve tells us about how the strategy of the business has changed since the 2008 financial crisis and the importance of diversification and protecting the family’s wealth. He also touches on the value that Non-Executive Directors can bring to family businesses and the challenge of incentivising key staff whilst maintaining the family shareholding before elaborating on the Rigby Group’s future plans for a resilient business.