Broadbean Technology managing director Dan McGuire will step down from the company on 10 November after eight years of building Broadbean into one of the UK’s fastest growing internet companies and the European leader in job advertisement distribution, response tracking and online search technology.

He will be succeeded by Dan Martin from the digital division of A&N Media (ANM), Broadbean’s parent company and leading digital publisher, where he was director of business development. During five years with ANM Martin led over 10 acquisitions including that of Broadbean. He joined Associated Northcliffe Digital from Deloitte where he headed the media Mergers and Acquisitions team. Before working for Deloitte, he worked for Ernst & Young for five years within its media M&A team, and before that within the investment banking division of Morgan Stanley.

Martin said McGuire had done “an outstanding job…and we wish him great success with whatever he pursues next. In Broadbean I’m joining an impressive business with exciting growth potential. We are focused on delivering to our clients’ needs, with an active focus on international expansion and with a strong pipeline of new product development.”

McGuire is leaving to pursue new ventures, according to a Broadbean statement. However, he will remain with the company for a short handover period.

McGuire said: “Broadbean has been my passion for many years but I believe the time has come to handover to someone at the beginning of what will be a new era for the company. Over the past couple of years we have made a significant investment in building a strong international offering, and we’ve spent the last nine months creating a long-term strategic vision for the business. I’m leaving Broadbean in the best shape it’s ever been in.

He described Martin as “the obvious choice” to succeed him. “He’s been an active member of our board since we were acquired by ANM and we share similar views on business and the way it should be done.”

McGuire oversaw the sale of Broadbean to ANM in 2008 along with business partner Kelly Robinson, founder and chief executive. Robinson will continue to focus on the company’s fast growth operations in the US and Australia. He said: “Dan is a great guy and we’ve had a lot of fun building this business over the years. I’ll miss working with him on a daily basis but I’m excited about the challenge ahead and very much looking forward to working with Dan Martin.”