Discount footwear retailer Shoe Zone has promoted its Chief Financial Officer Nick Davis to lead the business as Chief Executive.
Non-Executive Chairman Ian Filby will be retiring from his role to enable the current Chief Executive Anthony Smith to become Executive Chairman.
Smith has been at the helm of the company for twenty years and will continue to have a large involvement in the company including responsibility for the retailer’s property portfolio and business strategy.
Davis will become CEO while also managing Shoe Zone’s finances until a suitable successor is hired.
“Nick has been with the business for 13 years and has been instrumental in assisting Charles and me to drive both organic and acquisitive growth as well as our successful entry into online fulfilment. I look forward to continuing to work with Nick as we progress our Big Box trial and subsequent roll-out into 2017" current CEO. Smith said.
Additionally, Jeremy Sharman will become Non-Executive Deputy Chairman after being a Non-Executive Director of the Business since the 2014 IPO.
The changes will come into effect immediately, though a new Finance Director is yet to be appointed.
Shoe Zone is also looking to hire a new Non-Executive Director to join its board.