Ecco CEO Thomas Gøgsig steps down

Danish footwear manufacturer Ecco is losing its chief executive officer (CEO). Thomas Gøgsig has stepped down after nearly two years at the helm and is leaving the company.

The supervisory board intends to fill the position with an external executive, Danish news agency Ritzau reported on Tuesday, citing an email from Ecco. The role is expected to be filled during the course of 2027. The new leadership will oversee the long-term transformation that the company deems necessary. FashionUnited has contacted Ecco for a statement.

Until a successor is appointed, the existing managing board will continue to oversee operations. The board comprises chief financial officer Marco Bossen, chief product officer Adam Meek and chief commercial officer Neal Taylor. Meek and Taylor only joined the executive body in August. According to Ritzau, the supervisory board thanked Gøgsig for his dedication and commitment during his 14 years at Ecco.

Gøgsig represents the third generation of his family at Ecco. He joined the company in 2012 and has been a member of the managing board since 2021. At the end of 2024, he took over the leadership from Panos Mytaros, who also departed at the time without further explanation.

The leadership change comes during a challenging period. In 2024, Ecco recorded a net loss of 37.6 million euros on revenues of 1.49 billion euros. Last year, revenues fell to around 1.4 billion euros, while the loss narrowed to 24 million euros, Ritzau reported, citing the annual report.

Ecco was founded in 1963 in Bredebro, Denmark, and remains family-owned to this day.

This article was created with the assistance of AI.