Victor Herrero will take the helm of the British shoe retailer, after Hong Kong-based investment firm LionRock Capital completed its £100 million ($139 million) purchase of the company Monday. Herrero takes over from Giorgio Presca, who has served as Clarks’ chief executive for the last two years. Presca is moving on to pursue other opportunities, according to a press release.

Herrero was chief executive of Guess? from 2015 to 2019 and before that spent more than 12 years at Inditex. He is chairman of Bossini and a non-executive director of Viva China Holdings Limited.