Coffee chain Insomnia has said its founder and chairman Bobby Kerr will leave the business in the coming weeks and will sell his shares to other shareholders in the business.
Bobby Kerr said he will now focus on his broadcasting career and will also step up his activity in angel Investments and non-executive board participation.
Insomnia is the country's biggest coffee chain and the 15th largest in Europe. It has 150 stores across Ireland and the UK after it was started in a Galway bookshop in 1997.
It employs 400 people throughout Ireland directly in its company-owned stores, along with a further 350 people through its concessions and franchised stores.
Bobby Kerr spent many of those 20 years as the company's chief executive before changing his role to chairman in 2010.
"The legacy that Bobby leaves and the exceptional leadership team whom have a breadth of global management experience, gives me enormous confidence as we navigate this new period of growth and innovation," commented the company's chief executive Harry O'Kelly.
Mr Kerr's departure will see some changes in the senior management team at Insomnia as John Clohisey becomes chairman. The current CFO Barry Kehoe joins the board of directors and Dara O'Flynn also joined as COO in December.