Steve Young snaps up Threesixty's Sense stake

Support services provider Threesixty has sold its 15% stake in Sense to the network's commercial director Steve Young.

Threesixty managing director Phil Young has stepped down from his role as a director of Sense following the sale.

Sense managing director Tim Newman said: ‘As a consequence of the transaction, Phil Young, as Threesixty’s representative, will no longer be a director of Sense and he leaves with our thanks for his wise counsel and guidance. Our relationship with Threesixty remains extremely strong and they will continue to supply us with high quality compliance support in the future.’

Newman added that Steve Young (pictured), who has been a director since January, will continue to develop the network and support services business.

Threesixty bought the stake in Sense in January 2008, one year after the network was set up.