Tom Lewand is to leave watch and luxury goods manufacturer, Shinola, by the end of the year. Shannon Washburn is to take over the role of CEO while remaining the Company’s President, and she will also take a seat at the Board of Directors. Before being named Shinola’s President in 2018, Washburn was Vice President of watches development for six years. Previously, she worked for watchmakers Fossil for 14 years.

Shinola manufactures luxury watches, leather goods and bicycles in Detroit, U.S. state of Michigan, and has 25 retail stores worldwide.

Sources: Crain’s/WatchPro