New era for Equip as owner announces plan to step back
Equip Outdoor Technologies is to appoint a new chief executive. The parent group of outdoor brands Lowe Alpine and Rab has grown its turnover to £120 million in its most recent financial year and has a new five-year strategic plan in place to increase growth further, but owner, Matt Gowar, has said he will step down from the day-to-day leadership of the business.
Mr Gowar began the business 30 years ago, importing gloves into the UK. Equip acquired Rab 20 years ago and added Lowe Alpine to its range of brands 12 years ago.
“Knowing that the business is in such a strong position, I look forward to finding someone who can step into the CEO role to bring new experience and leadership to our existing board and lead Equip to achieve the next five-year strategic plan,” Mr Gowar said. “This will allow me to concentrate on the areas of the business in which I have the most expertise and also free up my time to do the things I have missed out on whilst building the business; time with my family and my personal interests.”
