Clarks CEO resigns amid complaints

United Kingdom
Published:  26 June, 2018

The UK headquartered footwear retailer and manufacturer has announced that its CEO, Mike Shearwood, has left the Company with immediate effect.

“Clarks recently learned that aspects of Shearwood’s conduct, conversations and expressions fell short of the behaviours expected of all its employees on a number of occasions. In these circumstances the board has accepted Shearwood’s resignation”, said Clarks in a statement.

Shearwood joined the Company in 2016, after working for British retail chain Karen Millen.

An internal investigation is said to be underway. In the meantime, Stella David, the Company’s Senior Independent Director, has been appointed interim CEO.

Profits for the UK headquartered footwear retail chain and manufacturer plunged in the year ending January 31, 2018. Read more here.

Sources: Drapers/The Telegraph