Value footwear retailer Shoe Zone has made a number of changes to its board of directors including the promotion of chief financial officer Nick Davis to the position of chief executive.
Having joined the board at the time of Shoe Zone’s IPO in 2014, non-executive chairman Ian Filby is stepping down to enable chief executive Anthony Smith to move to the role of executive chairman.
Smith has led Shoe Zone for the last 20 years and will continue to have a hands-on role in the company including responsibility for the property portfolio and strategy.
Nick Davis, the company’s chief financial officer, will then become chief executive although he will continue to manage the company’s finance function until his successor is appointed.
Smith said: “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.”
Meanwhile, Jeremy Sharman will become non-executive deputy chairman after being a non-executive director of the business since the IPO, and Lee Hennell, the company’s General Counsel, will assume the role of company secretary.
The changes will come into effect immediately although there will be a controlled handover until a new finance director has been appointed.
The company said it will also be seeking to appoint a new non-executive director to join the board.