Shoe Zone CEO & Chairman increase stakes

The CEO and Chairman of Shoe Zone have increased their stakes in the footwear retailer through an asset swap, as non-executive director Jeremy Sharman exits.

CEO, Antony Smith’s stake has increased to 28.1% in the company, whilst Chairman Charles Smith now holds a 22.5% stake.

The Sharman Family Pension fund, of which Jeremy Sharman is a beneficiary, sold its entire holding of 234,375 ordinary shares in Shoe Zone to Sheepy Magna Investments Limited and Slawston Investments Limited.

Sheepy Manga Investments is an investment vehicle in which CEO Antony Smith has a 50% interest, whilst Slawston Investments Limited is an investment vehicle in which Chairman Charles Smith has a 50% interest.

Commenting of his exit, Shoe Zone non-executive director Jeremy Sharman said: “I am proud to have served on the Shoe Zone board for the last nine years. Having now completed two full terms of three years as a public company, it is an appropriate time for me to step down as a non-executive director.”

Taking over Sharman's role on the board is Victoria Norrish, who is currently the supply chain director at The Works.

Previously, she has held the role of strategic development director and finance director at the brand.

Prior to this, she worked as head of management accounts at Jessops, after starting her career as an auditor with KPMG and Godkin & Co.