E-commerce retailer Footway is searching for a new CEO. After 14 years as CEO, Daniel Mühlbach is stepping down. He will continue to focus on Footway’s platform business.
“After many years as CEO of the company, I feel the time is right to hand over the leadership to someone who can take the company into the next phase of growth, while I can fully focus on the platform business,” Mühlbach said in a press release.
Mühlbach will continue as CEO of Footway OaaS AB, which runs the platform business.
Footway and Mühlbach have struggled with its profitability for some time.
“Through our strategic split, both the e-commerce and platform businesses will have better conditions to grow on their own terms,” he said.
The Board of Directors will immediately start recruiting to fill the remaining positions. Mühlbach will continue to lead Footway Group until a new CEO is appointed.
