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.