Following significant growth of the business, Nottingham-headquartered national auction house, John Pye & Sons Ltd, has reinforced its senior management team by appointing Addison Pye to the Board of Directors.
Addison Pye, grandson of founders Ann and John Pye, has been promoted to director from his previous position as a commercial manager, providing security and clear succession among the firm’s senior management.
With more than seven years of experience throughout the business, starting as an auction porter, Addison has more recently led expansion projects in Europe with a new facility in Zaragoza in Spain. In addition, Addison has played pivotal roles in the development of new initiatives within trading and delivery departments, with him and his team often acting as the bridge between many operational departments, from IT to the sale rooms and marketing, requiring both creative and critical thinking skills daily.
Addison Pye, director, said: “I’m excited and honoured about the director’s decision to elect me to join the John Pye & Sons Ltd Board. I look forward to bringing my ideas to the table and continuing the rapid expansion of this dynamic business.
“It feels surreal to be following in the footsteps of my grandparents, the founders of the business, and I’m delighted to now be a part of the company I’ve grown up being fascinated with. I’m extremely driven to make the family and company proud and achieve our full potential over the years to come.”
John Pye & Sons Managing Director, Adam Pye, said: “Naturally I’m delighted and very proud. The continued success of the current Board is vital for our clients, customers and colleagues alike.
“My parents and founders, Ann and John are very proud, not just because the family business remains on a good course, but because Addison has a natural flare for business and finance. Addison’s well-rounded ability and creativity bring a new dynamic to the board and demonstrates the company’s ambition for the future.”
John Pye Auctions has continued to take industry leading strides in a record breaking 2021/22 financial year, now employing over 700 staff members and expanding into Europe. It recently celebrated having exceeded £33 million turnover for its last set of unaudited accounts, improving on the previous year’s turnover of £26.4 million by over 28 per cent, as it continues to realise its ambitious plans for growth.
