Babel PR, a renowned B2B technology public relations firm, has recently announced a range of significant organizational modifications. These changes include a transition to an employee-owned structure and the appointment of a new Chief Executive Officer.
With most of the company’s shares now owned by a new Employee Ownership Trust (EOT), Babel PR aims to foster a more democratic decision-making process within the organization. Co-founder Narelle Morrison remains the company’s largest individual shareholder, signifying her dedication to its future growth.
Jenny Mowat, the former managing director of Babel PR, will be stepping into the role of CEO. With years of experience in public relations and a deep understanding of the company’s mission, Mowat is expected to guide the company seamlessly through this important transition. She aims to ensure continual growth and maintain a heavy focus on the overall strategic direction of the company.
The transition to employee ownership is seen by co-founders Morrison and Ian Hood as a way to share the company’s financial successes with their employees.
Babel PR’s transition to employee ownership
They believe this shift towards employee ownership benefits all parties involved, providing staff with a direct stake in the company’s future, while also securing a continuation plan for the business. By offering employees a share in the wealth they help generate, the co-founders hope to build greater engagement and job satisfaction within the company.
Upon her appointment as CEO, Mowat expressed commitment to lead the agency towards further growth. She identifies the recent changes as proof of Babel PR’s dedication to its team and clients. With a strategy heavily focused on innovation, diversity, and broad market reach, Mowat aims to uphold the company’s reputation for quality service and bolster the trust and reliability that characterize their client relationships.
Other changes within the company include adding new members to the senior management team and electing staff representatives to the EOT board. These changes fall in line with Babel PR’s broader strategy to empower employees and ensure their voices are heard. In enhancing the participation of employees and revamping the senior management team, Babel PR continues to explore innovative ways to maximize its potential and drive further growth.
