Clarks changes CEO again
23.11.2021 425

Clarks changes CEO again

Victor Herrero, who was named CEO of Clarks in February of this yearAfter leaving this post, he intends to lead the business management of the Australian jewelry group Lovisa. At the same time, Herrro will remain on the Clarks board of directors.

As a reminder, former Guess CEO Victor Herrero took over as CEO of Clarks in February 2021, replacing the resigned Giorgio Presca.

The reshuffle of the company came following the injection of £ 100m by new investors Lion Rock Capital and Chinese entrepreneur Li Ning. The deal resulted in the Clarks family relinquishing control of the company, 200 years after its inception.

The company today announced that Clarks Chairman Johnny Chen will temporarily take over as CEO of the company. Mr. Chen has been a member of the Clarks board of directors since February this year. In addition to Clarks, Mr. Chen serves on the board of directors of companies such as Alibaba Pictures Group, China Travel Service and Uni-President China.

“Victor did an incredible job in a much shorter timeframe than anticipated, giving us a unique opportunity to accelerate the next stages of our development plan. Victor Herrero will remain on the Clarks board of directors. A new general director will be announced in the near future, ”the company said in a statement. It is noted that since 2010, Clarks has replaced 7 CEOs.

Victor Herrero, who was named CEO of Clarks in February this year, is stepping down to lead the business management of the Australian jewelry group Lovisa. At…
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