Clarks names Giorgio Presca as the company's new CEO

Giorgio Presca has replaced Mike Shearwood as the new Chief Executive Officer at shoe retailer Clarks. The company said, joining in March 2019, Presca will be responsible for all operational, financial and commercial aspects of the business and will lead the Clarks strategy with the executive committee. In June last year, Shearwood stepped down from his position after Clarks began internal probe into complaints about his conduct. That time the company had appointed Stella David, the company's senior independent director, as Interim Chief Executive Officer.