Clarks CEO moves on after only months
The chief executive of footwear group Clarks, Víctor Herrero, has opted to join Australian jewellery group Lovisa. The Melbourne-based group announced the appointment in October, saying Mr Herrero would come on board as soon as covid-19 restrictions allowed.
It filed papers to confirm it had made Mr Herrero a director of Lovisa on October 14 and that his contract as chief executive would be open-ended and worth US $1.3 million per year.
It quoted the new chief executive as saying: “This is an amazing time to be joining the Lovisa business and I look forward to continuing to drive it forward with the passion and momentum that got the business to where it is today.”
Víctor Herrero became a director of Clarks in February this year and was confirmed as its new chief executive in March. This coincided with Hong Kong-based private equity firm LionRock Capital’s completion of its acquisition of a majority stake in Clarks.
