Clarks CEO exits, interim committee takes the helm for now

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Following LionRock Capital’s acquisition of Clarks two years ago, Jonathan Ram served as CEO. Ram has already left his position. No one has been named to replace Ram as of his departure from his position as executive at HanesBrands and New Balance.

The decision by CEO Jon Ram to depart the company to pursue other opportunities has been announced by Clarks, according to a spokeswoman. Jon has been an invaluable leader and contributor to Clarks for the past two years, and the company is grateful to him.

Until a permanent chief executive officer is chosen, the Clarks board of directors, headed by chairman Colin Li, will establish an interim executive committee to manage the company.

Ram assumed the position in April 2022 with the goal of reviving the worldwide brand that had struggled in the years before. Before the pandemic, the firm was losing money, but in 2020, it raised £100 million from LionRock Capital, which gave them 51% of the company.

Tensions with landlord groups continued even after a Company Voluntary Arrangement (CVA) was passed in late 2020, cutting rents and preventing store closures. Galahad Clark, a member of the seventh generation of the Clark family to run the business, said that the firm had been slow to respond to changing consumer preferences and blamed a lack of capital for the problem.

Positive changes have occurred at Clarks recently, with the introduction of new products, partnerships, forays into the metaverse, and advertising campaigns starring notable people like Nile Rodgers and Cat Burns.

Ethan Sullivan

Ethan's penchant for the pulse of the fashion world extends to covering lifestyle topics, offering readers a seamless blend of the latest style updates and lifestyle trends.

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