Hunter, the premium footwear brand, is undergoing a management reshuffle as CEO Vincent Wauters steps down. This move comes as the company embarks on a strategic review to position itself for long-term growth. Wauters will officially leave his position on July 31st, and in the meantime, Paolo Porta, previously senior VP of merchandising and licensing at Jimmy Choo, will take on his responsibilities until a new CEO is chosen.
Andrew Lawley, who has been serving as the Chief Restructuring Officer during a recent refinancing, has been appointed as Executive Chairman of the company. With his extensive experience in business strategy and growth, Lawley is expected to bring valuable insights to the brand.
The management reshuffle at Hunter comes after the company received a £16.5 million cash injection from Goldman Sachs, Searchlight, and Pentland Group. The brand has faced challenges due to adverse weather conditions in the US and the ongoing Covid-19 pandemic. As a result, the strategic review will focus on maximizing the brand’s e-commerce potential and identifying new growth opportunities across all areas of the business.
Vincent Wauters expressed gratitude for the opportunity to lead Hunter over the past four years and acknowledged the accomplishments made during his tenure. He also expressed his confidence in the brand’s future growth. Interim CEO Paolo Porta praised Wauters for transforming Hunter into a global business and emphasized the commitment of the senior leadership team to drive the brand’s multi-geography, multi-channel offering forward.
The strategic review and the appointment of new leadership signal a new chapter for Hunter, positioning the brand for future success in the dynamic footwear industry.