The Dune Group’s CEO, James Cox, is set to depart from the shoe retailer on 9 March, after more than a decade with the company.
According to Drapers, Cox will remain on the board as a non-executive director, while executive chairman and founder Daniel Rubin will take over as chief executive.
Cox has held the position of CEO since 2017 and acted as chief operating officer from 2013 after being promoted from the role of financial director.
He was also the group finance director at fashion retailer Pink Shirtman between 2005 and 2010.
Rubin told Drapers: “James has been an inspirational leader of the business, initially as finance director, then COO and finally CEO. He had guided the business during a challenging period in retail with great skill and integrity.”
The news follows the group reporting a 21% decrease in profits to £3.5m to 26 January 2019.
Profit before tax decreased by 9% to £3.04m as Dune faced a £1.2m debt write-off amid House of Frasers administration in 2018.