Jun 25, 2018

Clarks boss resigns following investigation

The boss of shoe business Clarks has resigned following an investigation into "Complaints of conduct contrary to the family-owned company's code of business ethics". In the most recent financial year to the end of January, profits at Clarks fell to £45.2m from £63.7m, while sales dropped to £1.5bn from £1.6bn previously. At the time of his appointment, Clarks had been without a chief executive for a year after former boss Melissa Potter and finance director Robin Beacham left the company with immediate effect. Clarks has cut a number of jobs in the UK and overseas, including 60 posts at its head office in Somerset in April last year. On Monday, Clarks said that Stella David, its senior independent director, would take over as interim chief executive with immediate effect.

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