Paul Pindar is to step down from his role as chairman at D2C sleep wellness brand eve Sleep on 26th May. He will be replaced by eve's current COO, Mike Lloyd.

A strategy consultant by background, Mike was a partner at Oliver Wyman, where he led its consumer service work in the UK. Mike has held executive director roles at leading consumer businesses for the last seven years, and is currently COO of McCarthy & Stone, which has just been taken private and was previously a FTSE 250 business – he is responsible for its service operation, as well as sales and marketing.

Prior to this, Mike was a director at the AA for five years, rising to the position of CEO, AA Insurance Services, and CCO.

Paul Pindar comments: "Having had the privilege to chair eve for the past five years, I am confident that the time is now right to complete the board restructuring that commenced in 2018. eve is now on solid foundations, with strong trading, a healthy balance sheet and a more resilient tech and logistics platform. The rebuild strategy is complete [see related], 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." 

Cheryl Calverley, CEO of eve Sleep, says: "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."

Mike Lloyd, incoming chairman, adds: "eve is at a positive inflection point - having now created sound foundations it can look to profitable growth. I am excited to be joining at this time, and to be able to put my experience and energy into supporting eve in grasping this opportunity. I am looking forward to working with the board and management team to build a great, growing and profitable business."