Originally Posted by
Copenhagen
According to companies house, The chairman was the second largest shareholder.
It's entirely possible that it was always the plan that he would exit the business after it reached a given point in its evolution, and of course he could keep his financial interest in the business, clearly unless any information comes from the company or the former chairman we will never know as it is not a publicly quoted company.
That said, it is probably more likely that he isn't happy with the progress of the business and had a difference of opinion with the board level decisions.
Whatever, such changes don't do anything to make the employees feel secure.