Shoe Zone announces changes to its Board of Directors

Shoe Zone's Non-Executive Chairman, Ian Filby is stepping down to enable Anthony Smith, the company's CEO, to move to the role of Executive Chairman. Filby had joined the Board at the time of the IPO in 2014. Smith, on the other hand, has led Shoe Zone for 20 years through a series of acquisitions and the company's IPO in 2014. He will continue to have a hands-on role in the Company and will have particular responsibility for the property portfolio and strategy.

Commenting on the developments, Anthony Smith, Executive Chairman of Shoe Zone, said, "I would like to thank Ian for his guidance and support since he joined the board for the IPO in 2014. His retail experience has been invaluable to the company as we adjusted to life as a listed company. I am also pleased that Nick has agreed to become CEO. I look forward to continuing to work with Nick as we progress our Big Box trial and subsequent roll-out into 2017."

Nick Davis, the company's CFO, will now become its CEO. He has been with the business for 13 years and has been chosen as the natural successor to drive the company's growth plans. Davis will continue to manage the finance function until a suitable replacement is appointed.

Jeremy Sharman, who has been a non-executive director, will now become Non-Executive Deputy Chairman of the company. He will chair the audit committee and sit on the remuneration committee. Also, Lee Hennell, the company's General Counsel, will assume the role of Company Secretary.

All these role reversals will come into effect immediately. Along with these changes, the company will also be appointing a new non-executive director to join the board.

picture:shoezone.com