British footwear brand Dr. Martens has appointed Steve Murray as the
firm¹s new CEO and Henrik Holmark as its CFO.
Murray, whose appointment is effective in October, was previously president of EMEA at Deckers Outdoor. Prior to that, he was president of VF Corp’s Action Sports Coalition, where he was responsible for the Vans, Reef and Pro-Tec brands. Murray replaces David Suddens, who is stepping down after 12 years as CEO to become nonexecutive chairman of Dr. Martens.
Holmark, meanwhile, joins Dr. Martens from the Danish jewelry brand Pandora A/S, where he had served as CFO since 2009. Holmark¹s appointment is effective as of the end of 2014.
The appointments follow Permira Funds¹ acquisition of R. Griggs Group Ltd., the parent company and licensee of Dr. Martens, for 300 million pounds, or $500.6 million at current exchange, in a deal that was
completed in January.
Suddens said of the new appointments, [Both Steve and Henrick] have huge experience building brands and will give Dr. Martens a new impetus and a new perspective.
Murray added, ³While the last few years have seen tremendous growth for Dr. Martens, I believe that many significant opportunities exist beyond the current channels, markets and product lines.”