InSpecs names interim chair, search for non-exec chair continues as founder to step down
Eyewear specialist InSpecs Group said this week that it's 'making good progress' with its formal search for a new independent non-executive chair to succeed founder Robin Totterman.
The designer, manufacturer and distributor, which is also looking for a new chief financial officer, said it expects to make a the main chair appointment no later than the end of July.
Totterman will step down from the role of executive chair at this year's AGM on 3 June, with Christopher Hancock, the company's senior independent director, becoming interim chair until the appointment.
Totterman has also said he intends to step-down as a director on 31 December, 'providing a suitable time period for an orderly transfer of responsibilities'.
Totterman said: 'As the founder of the business and a significant shareholder, my commitment to the long-term success of the company remains unwavering. [Until I] step down from the board... my focus is on ensuring a smooth and stable transition, helping to deliver an improved business performance, and I remain dedicated to supporting the company and its employees through this important phase.'
The board also said the search for a new CFO 'is progressing well', and expects the post to be finalised following the appointment of the new chair.
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