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Clarks appoints new CEO

Clarks has appointed former Geox chief executive Giorgio Presca as its new chief executive.

Presca will be responsible for all operational, financial and commercial aspects of the business and will lead the Clarks strategy with the executive committee. He will join the company next month.

He was CEO at Geox between 2012 and 2016. His most recent position was CEO at sneaker label Golden Goose Deluxe Brand. Presca has also held senior leadership positions in Diesel, VF Corporation’s jeanswear international division, Citizens of Humanity, Levi Strauss and Lotto.

Presca takes over from interim CEO Stella David. Chief executive Mike Shearwood left the business in June 2018 following an investigation “into complaints of conduct contrary to the family-owned company’s code of business ethics”.

Tom O’Neill, Clarks chairman, said: “[Presca] brings a wealth of experience including a deep understanding of the footwear market. He will work together with interim CEO Stella David to ensure a smooth transition over the coming weeks, after which Stella will return to her previous role as non-executive director. I would like to thank Stella for stepping in as interim CEO at a challenging time for Clarks and for her tireless and engaging leadership in the role.”

Presca added: “I cannot wait to join an iconic and historic brand like Clarks and work closely with the board, the executive committee, its 13,000 people and operating partners across the world. Clarks faces the challenges of today’s competitive markets, changing distribution channels and the need to adapt to a rapidly evolving consumer environment but has the competences and assets to return to sustainable growth and profitability in the course of the next few years.”

As exclusively revealed by Drapers Clarks chief supply officer Antony Perillo will leave the business in June. 

Chief brand officer Jason Beckley, and head of men’s footwear Paul Tudor also left Clarks in recent months. 

Chief commercial officer Steve Finlan left in December after four years to become chief executive at the Wine Society.

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