Shoe Zone chief finance officer Nick Davis has become chief executive of the value footwear retailer, while chief executive Anthony Smith has become the company’s executive chairman.
Anthony Smith, CEO Shoe Zone
Smith replaces the company’s existing non-executive chairman Ian Filby, who is stepping down after joining the board at the time of the IPO in 2014.
Smith has led Shoe Zone for 20 years through a series of acquisitions and the company’s IPO in 2014. He will continue to have a hands-on role in the company, with particular responsibility for the property portfolio and strategy.
Davis, who has been with the business for 13 years, will continue to manage the finance function until a replacement is appointed.
Jeremy Sharman will become non-executive deputy chairman, having been a non-executive director since the IPO. He will chair the audit committee and sit on the remuneration committee.
“I would like to thank Ian for his guidance and support since he joined the board for the IPO in 2014,” said Smith. His retail experience has been invaluable to the Company as we adjusted to life as a listed company and we wish him all the very best in the future.”
He added: “I am also pleased that Nick has agreed to become CEO. Nick has been with the business for 13 years and has been instrumental in assisting Charles and me to drive both organic and acquisitive growth as well as our successful entry into online fulfilment. I look forward to continuing to work with Nick as we progress our Big Box trial and subsequent roll-out into 2017.”