Footwear giant Clarks has announced its chief executive Peter Bolliger will retire next year after seven years at the helm.
Peter Bolliger joined Clarks in 1994 and has been chief executive since 2002, when he replaced Tim Parker. Clarks, the biggest footwear retailer in the UK, is understood to have appointed Egon Zender to look for a successor.
Clarks chairman Peter Davies said that Bolliger had made an enormous contribution to the business and had been key in modernising Clarks and driving its international retail business.
“In the year before he became chief executive, worldwide sales were £937 million and pre-tax profits £46.8m and in the year to January 2009 we announced sales of £1.12 billion and pre-tax profits of £86.8m. This is a tremendous testament to Peter’s skill, professionalism and passion for the Clarks brand,” Davies added.
Bolliger will retire at the age of 65 and will return to his native Switzerland.
See Friday’s issue of Drapers magazine for a closer look at what skills the next Clarks chief executive will need.