Giorgio Presca exits Clarks

Clarks

Giorgio Presca, CEO of British shoemakers Clarks, has reportedly stepped down from his role. Other senior execs, including chief commercial officer Massimo Barzaghi and chief people officer Difna Blamey, are also said to have left the company last week.

Victor Herrero will take on a dual role of executive chairman and chief executive.

The news caps a tumultuous period for the business. And, at least one change of majority ownership. In January, it was announced that Chinese entrepreneur Li Ning, owner of Viva China Holdings, had bought a 51 per cent controlling stake in LionRock Capital Partners – the private equity firm that had itself acquired a majority stake in Clarks following a £100 million rescue deal at the end of last year (as part of a CVA).

At the time, in November 2020, LionRock founder Daniel Tseung said the investment would “create a stable platform for the Company from which to manage through the unprecedented crisis, holistically restructure and transform the business and further expedite the brand’s growth globally going forward.”

 

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