Dr. Martens CEO is ousted
Dr. Martens has announced that its chief executive officer Steve Murray is leaving the company to enable the “next phase of its history”.
Famous for its rubber-sole boots and counterculture identity, the company is midway through a turnaround backed by private equity firm Permira, which acquired the brand for nearly $500 million in 2013.
In a move to speed up the company’s transformation, Steve Murray will hand over the CEO position to chairman Paul Mason until a new chief executive is appointed.
Murray spent three years at Dr. Martens, where he led the introduction of new footwear styles such as sneakers and tassel loafers, oversaw the opening of branded stores and overhauled the e-commerce operation.
He had previously worked at Ugg parent company Deckers, as well as Vans and Urban Outfitters Inc.
“Steve has played an important role in developing Dr. Martens’ strategy and repositioning the business for growth. He leaves the business in a very strong position,” said chairman Paul Mason.
"We have a talented and experienced leadership team in place and the business is delivering on its ambitious strategy. As Dr. Martens enters the next phase of its history, it is trading well and is ideally placed to accelerate its growth still further in the years ahead.”
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