Clarks appoints Giorgio Presca new CEO

"I am pleased to welcome Giorgio to Clarks as our new CEO. He brings a wealth of experience including a deep understanding of the footwear market. He will work together with interim CEO Stella David to ensure a smooth transition over the coming weeks, after which Stella will return to her previous role as non-executive director. I would like to thank Stella for stepping in as interim CEO at a challenging time for Clarks and for her tireless and engaging leadership in the role," Tom O’Neill, chairman, said.

"I cannot wait to join an iconic and historic brand like Clarks and work closely with the board, the executive committee, its 13,000 people and operating partners across the world. Clarks faces the challenges of today’s competitive markets, changing distribution channels and the need to adapt to a rapidly evolving consumer environment but has the competences and assets to return to sustainable growth and profitability in the course of the next few years," Presca added.

Between 2012 and 2016, Presca was CEO at Geox where he executed a brand and company turnaround and returned the business to profitable growth. Previously, he had built his track record in senior leadership positions in Diesel, VF Corporation Jeanswear International division, Citizens of Humanity, Levi Strauss & Co. and Lotto. (RR)

Fibre2Fashion News Desk – India