A BASINGSTOKE company has run a 'fast-track process' in an attempt to recruit a new chair.

De La Rue PLC, a Basingstoke-based security printed products maker, is recruiting a new chair following the resignation of former chair Kevin Loosemore last month.

De La Rue noted it is "not yet at the stage of making a final appointment" but is progressing candidates to the final stage of its search progress.

Established over 200 years ago, De La Rue is at the forefront of new developments in the delivery of security and integrity to the Cash Supply Chain and the provision of Product Authentication solutions.

It is responsible for printing about one-third of all banknotes worldwide, including the new Charles III design for the Bank of England.

De La Rue provides governments and commercial organisations with products and services that underpin the integrity of trade, personal identity and the movement of goods.

Non-executive director Nick Bray has been named as interim chair. Loosemore left the board on Monday, May 1, following pressure from the firm's major shareholder Crystal Amber Fun Ltd.