Bob Infantino, president of Clarks Cos. N.A. will step down from his post as of Jan. 31. According to the company, a replacement has not been named.
Infantino, who joined the firm in October 1992, led the brand’s successful expansion in North America, achieving record revenue and profit. According to Clarks, during his tenure as president, market share for the region increased fivefold. The territory is now an integral part of the Clarks International business.
Several industry insiders said talk of the departure has been brewing, sparking speculation that Clarks International has other plans for the North American division going forward.
However, Rick Ravel, president of Karavel Shoes in Austin, Texas, was surprised by the announcement. “Bob did a fabulous job for the Clarks family,“ he said. “He gave them a vision and steered them through difficult times.”
Dave Levy, co-owner of Hawley Lane Shoes in Shelton, Conn., also had praise for the exec. “He’s been such a great partner,” said Levy. “We’ve doubled our Clarks business this year. I hope [the change] doesn’t affect us.”