Cake Box names new chairman
Cake Box, the specialist retailer of fresh cream cakes, has appointed Martin Blair as its new chairman.
He will take up his new role on 31 October when he succeeds Neil Sachdev who is stepping down from the Cakebox board.
Blair has sat on the board as an independent non-executive director and chair of the audit committee since the company was admitted to trading on the AIM market of the London Stock Exchange in June 2018.
His appointment to chairman follows a recruitment process that also considered a number of external candidates.
Sukh Chamdal, Cake Box chief executive, said: “I would like to thank Neil for his contribution to Cake Box. He has been instrumental in the delivery of Cake Box’s significant growth since our IPO more than five years ago, with the store estate almost tripling during his tenure.
“Neil had a particular focus on improving diversity in our business, helping to significantly increase the number of female franchisees to over 40 today. We wish him all the best for the future.
“Following a thorough process conducted in recent months, I am also delighted that Martin Blair is stepping up to chair the Cake Box board. He has a deep understanding of our business and was the standout candidate among a strong field to help guide our business through the next stage of our growth.”
Cake Box said Blair has gained strong financial and digital expertise from his board positions at Kape Technologies and t42 IoT Tracking Solutions, as well as his role as chief financial officer of Pilat Media.
Cake Box is now seeking to recruit a new independent non-executive director to chair the audit committee. The company has also appointed Adam Batty as the senior independent director.
