Mr McGrann will succeed Rob Lynch who has served as chief executive since 2006 and is retiring, but will remain a member of the board of directors.
During his three years at VSP Vision Care, Mr McGrann oversaw the growth of VSP’s membership from 56 million to 75 million. He also facilitated the expansion of VSP’s insurance offerings into Great Britain and Ireland.
Additionally under his leadership, revenue for the Vision Care division grew from $3.2bn in 2012 to a projected $4bn by year-end.
VSP global chairman of the board, optometrist Dr Randy Lee, said: “Jim’s focus on integration and capitalising on the synergies of each of the divisions will yield tremendous benefits to our panel members, our clients and, most importantly for our 75+ million members.”
Mr McGrann said: “Since 2006, Rob has doubled VSP’s revenue while also remaining committed to the company’s mission of helping people see by nearly tripling the number of low-income and uninsured children and adults who have received free eye care and eyewear to the over 940,000 today.
From this position of strength, I look forward to further delivering on that mission and continuing to reimagine how eye care and eyewear are delivered for years to come around the world.”
Prior to joining VSP Global in 2008, Mr McGrann served as senior vice president and chief information officer at Marchon Eyewear for nine years.