Clarks chief executive officer Mike Shearwood resigned following allegations of inappropriate behavior.
“Clarks recently learnt that aspects of Mr. Shearwood’s conduct, conversations and expressions fell short of the behaviors expected of all its employees on a number of occasions. In these circumstances the board has accepted Mr. Shearwood’s resignation,” Clarks said in a statement.
Clarks added that Shearwood had breached the 23-page Code of Business Ethics, which “provides guidance on the ethical standards that we expect employees to demonstrate.”
Stella David, Clarks’ senior independent director, has been appointed interim CEO.
Shearwood joined the shoemaker in 2016 from women’s fashion chain Karen Millen, where he was also chief executive. He also served as CEO of high street retailers Oasis, Coast and Warehouse.
