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The CPA says the restructure comes amid a current market environment that has been very challenging as new companies and its existing members look at reducing discretionary spending.
The CPA says that, facing up to this challenge, it has been managing its overheads, removing and reducing costs wherever possible, and also examining and capitalising on other income streams such as economic subscriptions and research, as well as new opportunities that may exist around some of its technical work and events.
The CPA board has now also approved a plan that is designed to protect and enhance the association's areas of expertise while "robustly addressing" its cost base. It says this will be achieved by Diana Montgomery stepping down as chief executive and Peter Caplehorn assuming the role of interim chief executive on 1 May 2019.
The board has also agreed to the appointment of a new technical manager to allow Caplehorn to step away from the detail of his current role as deputy chief executive and policy director.
In addition, the board has asked Montgomery to take on a part-time role as chief operating officer for a minimum of 12 months to provide stability and ongoing input into the manufacturing areas of the CPA’s work. The association says this will deliver the reductions in costs necessary for 2019/20, whilst also allowing the CPA to retain the links she has to the manufacturing community, Sector Deal and the Industrial Strategy Challenge Fund.
The board has expressed its thanks to Montgomery for her work in developing the CPA over the past seven years and added that it was looking forward to working with Caplehorn to continue to grow the brand and influence of the CPA, and the services provides to its members.
