// Eve Sleep chairman Paul Pindar will resign at company’s AGM
// Pindar has held the role for the past five years
// Chief operating officer Mike Lloyd will replace him
Eve Sleep chairman Paul Pindar has announced he will step down from his role at the company’s AGM next month.
Pindar has held the role for the past five years and the news follows a board restructuring that began in 2018.
McCarthy & Stone chief operating officer Mike Lloyd is set to replace him as chairman.
READ MORE: Eve Sleep cuts annual losses by 83%
“Eve is now on solid foundations with strong trading, a healthy balance sheet and a more resilient tech and logistics platform,” Pindar said.
“The rebuild strategy is complete and as Eve shifts its focus to profitable growth, it is the right time to appoint a new chairman to inject fresh thinking, challenge and energy, with the time to fully commit to the next stage in the journey.
“Mike is an exceptional candidate and alongside a new and seriously impressive board I have every confidence that Eve will continue to grow and prosper. I remain a committed advocate of the brand and a loyal shareholder.”
Eve Sleep chief executive Cheryl Calverley said: “Working with Paul as our chairman over the last year has been unexpectedly delightful, and I could not be more grateful for his care, support and guidance as we’ve navigated our rebuild strategy.
“He will remain a close friend of eve and personal mentor Mike will bring a different energy to the role, challenging and stretching the eve business to accelerate for growth.”