Clarks’ CEO to join CDC Capital Partners

Tim Parker, who runs Clarks, the shoe retailer, replaces Pen Kent as a non-executive director at the venture capitalist.

CDC Capital Partners, the venture capitalist, has appointed Tim Parker, CEO of Clarks, the shoe retailer, as non-executive director. He replaces Pen Kent, who will be retiring.

Since 1996, Parker has been CEO of Clarks. Prior to that he was at Thorn EMI, where in 1992, he led the £54m MBO of white goods company Kenwood from Thorn EMI. He started his career as an economist in the UK Treasury department.

According to Lord Cairns, chairman of CDC, Parker’s experience of running companies operating in the capital, consumer and branded goods market will stand him in good stead at the firm.

“The fact that Clarks source a substantial proportion of its product from developing countries also means that Tim has first hand experience of several of our operating markets,” he said.