For the first time in its history, there was not a member of the founding family at the head of the firm; he remained a non-executive director and the family retained only 5.17% of the shares.
There was not a member of the founding family at the head of the firm. This was for the first time in its history. He remained. A non-executive director retained only 5.17% of the shares. The family retained only 5.17% of the shares.