Superglass begins search for new finance chief Insulation maker Superglass today launched the search for a new chief financial officer after Allan Clow said he was resigning "for personal reasons" after a year in the role. Clow, who was previously finance director at the interiors division of Dalgety Bay-based shopfitter Havelock Europa, joined Superglass on 28 August 2012 and his departure date is yet to be decided. Stirling-based Superglass said: "The board would like to thank Allan for his valuable contribution to the business and his support in completing the successful capital restructuring earlier this year." The company moved to the junior Alternative Investment Market in June after completing a make-or-break £12.2 million fundraising to cuts its debts. The refinancing deal also saw lender Clydesdale Bank convert some of its debt into equity. Superglass said today that trading in the year to end of August has been in line with City forecasts, and it ended the year with a better-than-expected net cash balance of £5.5m. However, sales volumes were described as "volatile," with "very low" take-up of insulation work under the UK government's Green Deal scheme. It also announced the appointment of Declan Billington - a director at its largest shareholder, W & R Barnett - as a non-executive. Superglass is due to publish its annual results on 19 November.