LONDON - Inspecs Group plc, a notable eyewear company, announced today that it will be enhancing its governance structures. As part of this initiative, Robin Totterman is set to step down as Executive Chair of the Board following the company's Annual General Meeting (AGM) in 2025. The group will begin searching for a new independent director to take over the chairmanship.
The Board, recognizing the importance of Totterman's contributions, is pleased that he will continue his executive functions and remain on the Board. This decision is in line with the company's commitment to evolving its governance since its listing in 2020.
Inspecs, which designs, manufactures, and distributes eyewear including sunglasses, optical frames, lenses, and low vision products, is taking steps to review its board's balance and composition, adhering to widely accepted corporate governance standards.
Totterman stated, "This change to my role reflects a continuing commitment to the evolution of the Group and its governance structures since it listed in 2020. I remain fully committed to Inspecs and will continue to contribute fully to its future success."
The announcement is considered to contain inside information according to the Market Abuse Regulation (EU) 596/2014 as part of UK law. Elliott Smith, Company Secretary, is responsible for this release.
The search for a new chair is expected to align Inspecs with best practices in corporate governance and leadership structure, ensuring the company's continued adherence to regulatory standards and stakeholder expectations.
This news is based on a recent press release statement from Inspecs Group plc.
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