Several members of shoe retailer Clarks’ leadership team have resigned from the business.
Clarks’ top team, including chief executive officer Giorgio Presca, chief commercial officer Massimo Barzaghi and chief people officer Difna Blamey all exited last week in a boardroom reshuffle.
Clarks non-executive director and former Guess chief executive Victor Herrero will temporarily take on a dual role of executive chair and chief executive.
The boardroom shake-up comes as majority shareholders LionRock Capital seek to boost the business’ fortunes.
The Hong Kong-based private equity firm acquired a majority stake in Clarks late last year and is currently looking to appoint a new leadership team.
The coronavirus pandemic has battered Clarks’ sales – a CVA was approved by 90% of its creditors in November and the retailer placed all its 3,969 shopfloor workers in consultation.
The shoe retailer said at the time that it hoped to streamline store management teams “to improve efficiency” and “enhance” its customer service credentials.
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