Navyboot's new chief executive officer is Reto Braegger, who was previously the Swiss company's merchandise manager. In his new role, he will oversee both the Navyboot shoe collections and its retail operations. Navyboot is part of Globus, the Swiss department store chain, which acquired it from the Gaydol Group last year. Globus sees more potential in the brand and the expansion of Navyboot with the appointment of a dedicated executive to join its team and assist in the brand's growth. The Swiss department store chain has also promoted Franco Savastano to the board as Thomas Herbert's deputy chief executive officer. Savastano previously oversaw Jelmoli as CEO and served as a director at Bongenie-Grieder.