(Alliance News) - Shoe Zone PLC on Thursday said Charles Smith, its interim chair, has taken on the role on a permanent basis.
Smith, a 22% shareholder in the shoe retailer, was formerly its chief financial officer, a position he held for more than five years.
He shifted to the interim chair role in August, during a board level rejig after former CEO Nick Davis stepped down.
Anthony Smith, former executive chair, became the new CEO.
Following his appointment, Shoe Zone will have three non-executive directors and three executive directors on the board.
Shares in the Leicester-based Shoe Zone were 5.5% lower at 166.30 pence each in London on Thursday afternoon.
By Eric Cunha; ericcunha@alliancenews.com
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Shoe Zone (SHOE)