Eve Sleep chairman to stand down following AGM

Sleep wellness brand Eve Sleep said on Wednesday that Paul Pindar had informed the board of his intention to step down from the role of non-executive chairman following the group's annual general meeting on 26 May.

Eve Sleep stated Mike Lloyd, currently chief operating officer and main board member of McCarthy & Stone, would be appointed to the role of chairman following the AGM.

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. He's a remarkable character and is the perfect fit to help eve take advantage of what lies ahead. I'm personally both excited, and slightly awed by the opportunity that having Mike as chairman places in front of us."

As of 0955 GMT, Eve Sleep shares were up 8.16% at 5.30p.