After a little over a month, Safestyle UK has announced that its recently appointed chairman has stepped down with immediate effect.
Peter Richardson, took up the role in April 2018, following the resignation of Steve Halbert, who was the group’s non-executive chairman.
A statement from the company, said: “Peter assumed the role of chair at short notice but it has become clear that the specific challenges currently facing the business and the time commitment required are beyond what he envisaged.
“The board will now seek a replacement chairman with the requisite time, experience and turnaround skills. Chris Davies, current senior non executive director and former CEO of SIG PLC will lead the search process for a successor.”
Richardson joined the Safestyle Board in July 2016 and has extensive board level and non-executive directorship experience across a number of sectors including technology and engineering, fast moving consumer goods (FMCG) and utilities.
Before that, Richardson, was a group board director and chief operating officer at Dyson Ltd for almost 15 years, during which time the business grew from a revenue base of £40m to more than £1bn.
Chris Davies, senior non executive director of Safestyle UK, commented: “I would like to take this opportunity, on behalf of the board, to thank Peter for his time and efforts since joining Safestyle in July 2016. Peter recently stepped into the chairman role at short notice and has devoted a significant amount of time to support the business. He made a strong contribution to the board during what has been a challenging time and we wish him luck in his future endeavours.
“We are pleased with the outcome of the hearing and, although we are disappointed to see Peter go, the board now has the opportunity to appoint a chairman with the requisite time, experience and turnaround skills at what is a timely juncture. The incoming chairman will, amongst other responsibilities, lead the process of reinforcing the board with a new contingent of NEDs to complement existing skillsets.”