Dr Martens CEO buys £85,000 worth of shares after profit growth
Dr Martens chief executive Ije Nwokorie has signalled his confidence in the brand through a new share purchase.
The footwear brand has announced that he has acquired 112,500 ordinary shares at a price of £0.761 per share. The value of the transaction was around £85,000.
Subscribe to TRBNwokorie increased his holding through the company’s Share Incentive Plan, an HMRC approved, all-employee scheme. Dr Martens’ chief financial officer Giles Wilson has also grown his holding by the same amount.
The news follows the company’s announcement last month that it had returned to profit growth in the year to 29 March as it continues to transition to a “consumer-first” operating model. Adjusted pre-tax profit rose by 61.3% to £55 million in the period, which was in line with expectations.
Nwokorie became chief executive of Dr Martens in 2024 when he was promoted from the position of chief brand officer. He previously worked as a senior director of Apple Retail and is a former chief executive of Wolff Olins.
