Comfort footwear brand Dansko has announced a major change to its leadership team that will take effect starting January 1, 2016. Co-founder, President and CEO Mandy Cabot will turn the role and responsibilities of president over to Jim Fox, Dansko’s CFO of nearly 10 years.
Jamey Mullin, currently Dansko’s dinance director, will assume the vice president of finance position. Cabot will continue as CEO and Board Chair.
“I’m thrilled to announce the next step in Dansko’s future with this progression in leadership,” said Cabot in a statement. “Sustainability has always been a priority for us, and developing our leaders and our bench strength is an important part of the process. We are fortunate to have tremendous depth and tenure on our leadership team to ensure a seamless transition and to preserve our unique culture. As we approach the fourth anniversary of becoming 100 percent employee owned, an effort championed and executed by Jim, now is the perfect time to put our succession plan into effect.”
Although Cabot will maintain visibility into day-to-day operations, it will be through a longer lens. Together with her husband and Dansko Co-Founder Peter Kjellerup, Cabot anticipates more outward-facing roles going forward, with greater focus on and participation in ESOP, B Corps, nonprofits and local communities.
“Taking a step back will allow me more time to focus on being the company visionary I originally set out to be and continue to propel our passion for uncommon comfort with unexpected style,” Cabot added.