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Clarks CEO steps down

Clarks chief executive Victor Herrero has stepped down from the role just nine months after his appointment. Herrero took the helm at the footwear retailer in… View Article

FASHION

Clarks CEO steps down

Clarks chief executive Victor Herrero has stepped down from the role just nine months after his appointment.

Herrero took the helm at the footwear retailer in February, following the exit of several members of Clarks’ executive team, including former boss Giorgio Presca. He is expected to remain at Clarks as a director.
Clarks chairman Johnny Chen has taken on an interim position as chief executive as the retailer searches for a permanent successor.

Chen joined Clarks’ board in February this year and is vice chairman of Hong Kong-based private equity firm Lionrock Capital, which completed its acquisition of a majority stake in Clarks in March.

A Clarks spokesman said: “Clarks confirms that Chairman Johnny Chen will now also assume the role of CEO as an interim measure and allow former CEO Victor Herrero to take on broader responsibilities within the LionRock/Viva China group of companies. Victor has done an incredible job in a much shorter than anticipated time and gives us a unique ability to accelerate the next stages of our growth plans. Victor Herrero will remain on the Clarks board. A new CEO will be announced in due course.”

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