Bench has announced that its chief executive and chairman, Bruno Sälzer, has stepped down. Sälzer, who had held the position for three years, will reportedly retain his 15 percent stake in the company. He purchased that share of the business in 2014. Emeram Capital Partners, a private equity firm based in Munich, controls the remaining 85 percent of the streetwear brand. According to reports in the German magazine Capital, Sälzer has decided to leave Bench in order to focus on his multiple board mandates at other businesses. He has been chairman of the board of directors of Amer Sports since 2017. He also sits on the boards of Lacoste and Deichmann. Reports indicate that Bench is not looking for a replacement, and that his functions will be shouldered by the team of senior executives.

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