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Helly Hansen’s CEO to Step Down

Helly Hansen CEO Paul Stoneham.
Helly Hansen CEO Paul Stoneham. Courtesy.

Paul Stoneham is leaving the Norwegian outerwear maker by the end of the year after serving as its chief executive since 2015.

Stoneham, who led Helly Hansen through a 2018 sale to the Canadian Tire Company, will remain in his role while the brand appoints and completes handover to a new CEO, the company said Wednesday.

Helly Hansen spearheaded the development of lightweight waterproof shells and synthetic fleeces during its 140-year history, and in recent years its “H/H” logo has helped it to capitalise on surging demand for items that combine a sporty, technical vibe with streetwear cred.

Helly Hansen’s sales more than doubled to NOK 4.3 billion ($510 million) during Stoneham’s tenure.

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