Dave Hance, the founder of brassware giant Crosswater, has announced that he is stepping back from the day-to-day running of the company he founded 23 years ago.
In an emotional message to staff and contacts, Hance said: “In August 1998, I took a major decision which has shaped the last 23 years of my life – I decided to form my own company Crosswater.
“I took that step into the world of being a business entrepreneur and enjoyed the exhilaration of growing my own business and creating new friends inside and outside of the business.
“I have now taken a decision that I believe is equally important for my own future by stepping back from the executive role whilst still contributing to the company’s success as a non-executive director.”
In 2010, Hance merged Crosswater with Bathroom Brands Group and has been an executive director of the whole group since.
“The last 23 years have been a fantastic ride of business challenges coupled with contacts with some truly wonderful and inspiring people both inside and outside the company and will never forget you all,” he said. “I have enjoyed every moment.”
“However, I now seek some time for family and for relaxation whilst keeping in touch with you all but not carrying the day-to-day responsibilities that come with being an active director.
“I leave the development of the BB Group with a new, experienced, and young management team who are more than capable of taking the Company a lot further, and I look forward to helping them as a non-exec to achieve their goals.”
Stephen Ewer took over as CEO of Bathroom Brands Group in April 2020.
“Dave has been highly influential in building our strong portfolio of brands, particularly Crosswater,” Ewer said “His savvy business sense and unparalleled product knowledge has been invaluable to the Group. We wish Dave all the best with his new endeavours, whilst continuing to benefit from his counsel on the Board as a Non-Executive Director.”