CFO Succession

Inspecs

10/04/2025 07:00

RNS Number : 4124E

Inspecs Group PLC

10 April 2025

 

10 April 2025

Inspecs Group plc

("INSPECS" or "the Group")

 

CFO Succession

 

Inspecs Group plc ("Inspecs"), a leading designer, manufacturer and distributor of eyewear (sunglasses, optical frames, lenses and low vision products, announces that Chris Kay, the Group's Chief Financial Officer ("CFO"), has advised the Board that he wishes to step down from full time executive life. Chris has agreed to remain with the Group until a successor has been appointed so that he can provide an orderly handover. As a result, Chris will not seek re-election at the Group's 2025 Annual General Meeting on 3 June 2025 and will step down as a Director of Inspecs on this date.

 

The Board has appointed an executive search firm to identify CFO candidates, and the Board will provide an update in due course.

 

Robin Totterman, Founder and Chairman of Inspecs Group plc, commented: "Chris has been a highly valued member of the senior leadership team and has played a pivotal role in the Group's development and success. Most notably, he was instrumental in guiding Inspecs through its successful IPO on the London Stock Exchange in February 2020, just one week before the onset of the global Covid-19 pandemic. His steady leadership and financial expertise were critical during this unprecedented time.

 

"In addition to his work around the IPO, Chris brought significant expertise in mergers and acquisitions, supporting the Group's strategic growth through a number of key transactions. His contributions in this area have greatly helped expand Inspecs' global footprint and capabilities.

 

"On behalf of the Board, myself personally, and the entire team at Inspecs, we would like to extend our sincere thanks to Chris for his outstanding contribution over the years. His integrity, professionalism, and deep commitment to the Group have left a lasting legacy.

 

"We wish Chris the very best in his future endeavours."

 

For further information please contact:

Inspecs Group plc
Richard Peck (CEO)
Chris Kay (CFO)
via FTI Consulting
Tel: +44 (0) 20 3727 1000
Peel Hunt (Nominated Adviser and Broker)
George Sellar
Andrew Clark
Tel: +44 (0) 20 7418 8900
FTI Consulting (Financial PR)
Alex Beagley
Harriet Jackson
Amy Goldup
Tel: +44 (0) 20 3727 1000

 

About INSPECS Group plc

INSPECS is a leading provider of eyewear solutions to the global eyewear market. The Group produces a broad range of eyewear frames, low vision aids and lenses, covering optical, sunglasses and safety, which are either "Branded" (under licence or under the Group's own proprietary brands), or "OEM" (unbranded or private label on behalf of retail customers).

INSPECS is building a global eyewear business through its vertically integrated business model. Its continued growth is underpinned by six core pillars: increasing the penetration of its own-brand portfolio, increasing distribution, growing its travel retail markets, maximising group synergies, expanding its manufacturing capacity and scaling the research and development department as it develops new and innovative eyewear products. The Group has operations across the globe: with offices and subsidiaries in the UK, Germany, Portugal, Scandinavia, the US and China (including Hong Kong, Macau and Shenzhen), and manufacturing facilities in Vietnam, China, the UK and Italy.

INSPECS customers are global optical and non-optical retailers, global distributors and independent opticians. Its distribution network covers over 80 countries and reaches approximately 75,000 points of sale.

More information is available at: www.INSPECS.com

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