The Dune Group’s chief executive John Egan is to stand down from the leadership role to take up a non-executive position within the business.
Chief operating officer James Cox will be appointed as the group’s new chief executive. He has acted as the group’s COO since 2013, after he was promoted from the role of finance director.
Egan has led Dune for the last nine years. He will leave the full-time role at the end of August to pursue new challenges. He will take up a non-executive director position within Dune Holdings at the same time.
Executive chairman Daniel Rubin said: “John has made a huge contribution to the group over the years. He played a major role in the acquisition of Shoe Studio in 2009, which trebled the size of the business, and since then has expertly guided the business through major growth, both in the UK and internationally, during a period of major change both for The Dune Group and the retail sector generally.”
Egan said: “It has been a privilege to lead the Dune business during a period of incredible sales and profit growth with a talented senior management team.”
Egan is thought to be the second-largest shareholder in the business.