Non-Executive Chairman appointment at online retailer allbeauty.com
IEB Trading is the Guernsey-headquartered online retailer that operates allbeauty.com, a fast-growth health and beauty product website that occupies a UK top 4 market position alongside Boots, Superdrug and Feel Unique.
Allbeauty.com’s consumer proposition based on value, range and convenience has enabled it to grow successfully – without institutional funding – from start-up to in excess of £40m revenue in the space of a few years.
Despite this past growth, there remains very clear scope for allbeauty.com – whose business model is clearly differentiated from its three closest competitors – to continue to grow very substantially.
Recently, Spectrum has been working with IEB’s founder & CEO, and it’s Operations Director, resulting in the successful appointment of an independent Non-Executive Chairman to the Board.
The appointee will lend her significant multi-sector executive experience as CFO, to provide strategic support and challenge to IEB, with a primary emphasis on stakeholder management, corporate governance, growth strategy and advising the founding CEO.
Hiring independent board members is a bold move for privately held technology businesses, but more importantly it is one that signals confidence and ambition. A good Non-Executive Chairman will both support and challenge management on key strategic issues, and in doing so, create a stronger, healthier organisation.
Daniel Osmer, Managing Partner, Spectrum