Dr. Martens to have new chief executive
Dr. Martens has announced that its chief executive Kenny Wilson has decided that this will be his final year with the footwear brand.
Following a search process, it has been agreed that Dr. Martens’ chief brand officer Ije Nwokorie will become Wilson’s successor at the end of the brand’s current financial year to allow time for a handover period.
Nwokorie was a non-executive director of Dr. Martens when he was appointed to the newly created position of chief brand officer in February. He previously served as senior director of Apple Retail and also spent 11 years at global brand consultancy Wolff Olins where his most recent role was chief executive.
Speaking of Nwokorie’s appointment, Lynne Weedall, Dr. Martens senior independent director and chair of the nomination committee, said: “He knows the company well, having been a non-executive director for three years and we are already benefiting from his brand expertise since he joined as CBO in February. We are delighted that he will be the next CEO.”
Paul Mason, chair of Dr Martens, said: “Kenny’s contribution to Dr. Martens has been immense. He has spearheaded a brand-first DTC-driven strategy, achieving significant growth, with pairs more than doubling during his tenure.
“With his focus on product, brand and custodianship he has instilled a strong culture through the organisation. I am grateful that he will ensure an orderly transition to Ije over the coming year, alongside our incoming chief financial officer Giles Wilson.”
Dr. Martens also said that it will be announcing its FY24 results on 30 May and anticipates that they will be in line with guidance and consensus expectations.
