Latest News Luxury Optical Holdings Names Timothy Mayhew CEO, Outlines Strategic Growth Plan By Staff Monday, July 25, 2016 1:30 PM Timothy Mayhew (l) CEO of LOH and Gunnar Spaulding, president of Robert Marc. NEW YORK—Luxury Optical Holdings (LOH) announced today that it has named Timothy Mayhew as CEO, effective immediately. Additionally, the company announced the adoption of a strategic plan to set LOH on course for sustained growth and profitability. Mayhew will lead the execution of this growth strategy by raising growth capital and implementing a long-term store expansion plan which involves a shift toward investing in its brands and building its wholesale business, the company said in a statement. The strategy will focus on maximizing the potential of LOH brands Robert Marc and Morgenthal Frederics by offering “an unparalleled product selection and customer experience in the premium optical retail market,” the statement continued. In addition, the capital injection from LOH’s major shareholders, aPriori Capital Partners and Goode Partners, will go toward strengthening the company’s balance sheet and investing into personnel, marketing, product development and stores, LOH said. Reporting directly to Mayhew is Glenn Reisch, president of LOH and a seven-year veteran who has led the business through tremendous growth changes. Concurrently, Gunnar Spaulding has been named president of Robert Marc and will also be reporting directly to Mayhew. “We welcome Tim to the LOH family and are enthusiastic about this new chapter for the company,” said Susan C. Schnabel, co-managing partner, aPriori Capital Partners. “Tim’s experience and expertise in strategically growing brands speaks for itself and we look forward to helping him successfully achieve the new company vision.” Mayhew, who was most recently president and CEO of Easton-Bell Sports, has spent his career partnering with founders to build brands. He also previously served as chairman of 1-800 CONTACTS, and during his tenure there as chairman, 1-800 CONTACTS became an omni-channel retailer, started Glasses.com which was ultimately sold to WellPoint for $900 million. (That business was subsequently sold to Luxottica Group, as VM reported). Luxury Optical Holdings was ranked number 18 on Vision Monday’s most recent list of the Top 50 U.S. Optical Retailers, with sales of $79.7 million and a total of 61 stores in the calendar year 2015, operating under such retail brands as Optica, Morgenthal Frederics, Robert Marc and others. LOH acquired privately held, luxury eyewear company, Robert Marc Eyewear and its wholesale and retail subsidiaries in September 2014.