Last month, West Grove based Dansko announced upcoming changes to its leading premium footwear brand’s leadership team which took effect on January 1st.
Mandy Cabot, the Co-founder, President and CEO, has turned over her role and responsibilities as President of the company to Dansko’s award-winning CFO, Jim Fox, who has been keeping a close eye on the finances for nearly 10 years. Other key changes include Jamey Mullin, previously Dansko’s Finance Director, assuming the role of VP of Finance. Cabot will continue working as the company’s CEO and Board Chair, writes The Times of Chester County.
“I’m thrilled to announce the next step in Dansko’s future with this progression in leadership,” said Cabot. “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.”
While Cabot will still remain involved in day-to-day operations, it will be more peripheral, as she and her husband, co-founder, Peter Kjellerup, focus more on participating in ESOP, B Corps, nonprofits as well as 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,” said Cabot.
Fox, who brought 14 years of experience in the footwear industry when he joined Dansko as CFO ten years ago, has been instrumental in creating and implementing financial and operational controls which have been the basis for the company’s profitable and well managed growth.
In 2012 Fox successfully transitioned the company to 100% percent employee ownership, a success that defined his career and earned him the 2014 CFO of the Year in the Medium Company Category by the Philadelphia Business Journal.