INSPECS Group plc announced that Lord MacLaurin has notified the Board of his intention to retire as Chairman on 1 December 2022. As a result, Robin Totterman, CEO and founder of Inspecs, will move to an Executive Chairman role from 1 December 2022. Simultaneously, Richard Peck, current non-executive Director, and previously MD of Luxottica Retail northern Europe and MD of David Clulow, will become the Group's Chief Executive Officer.

The Board is currently in advanced stages of the take on process to appoint two new additional non-executive directors to the Board, and an update will be provided in due course. With regards the Group's finance function, Inspecs announced that Matthew Loran will join the Group as its new Group Finance Manager in November 2022. Matthew previously worked for Capita Group plc and Imperial Brands plc, working with the divisional finance teams around the globe.

His experience will assist the Group as it continues to expand and integrate its accounting functions. In addition, new accounting personal have been recruited in both the Group's German and USA subsidiaries to enhance reporting and controls.