Melissa Potter, Clarks Chief Executive and lifer, with 28 years in the business, and Robin Beacham, Chief Finance Officer, who has been with Clarks for 9 years, have both stepped down with immediate effect. An official reason has not been provided for either departure. The retailer has recently seen a more demanding commercial and economic environment, due to increasing competition and higher customer expectations. Clarks’ board believes that with new leadership, they will better meet and excel with the new challengers and demands. They are already looking for a new Chief Executive to see them through their next stage of growth. Non-Executive Chairman Thomas O’Neill is leading the retailer in the meantime, whilst Mike Coley, Group Financial Controller, is filling the Chief Financial officer role for the interim.
It is also unknown where Potter and Beacham are headed next.