Stephan Krug, a 52-year-old German executive with lots of experience in the footwear and sporting goods sectors, has been appointed chief executive of Sabu Schuh & Marketing, the German cooperative of shoe retailers, effective July 1. He will take over from Ralph Hanus, who is going to move to Gabor Footwear in September to run its licensed Camel Active line of casual shoes, along with two other general managers.
Krug is currently spending the last months as managing director of Highline United Europe, which controls brands such as Ash and French Connection. He has held the position since the beginning of 2014. Krug worked for Wolverine Europe, Clarks and Timberland before heading up the European operations of Collective Brands' Performance + Lifestyle Group, comprising Saucony, Sperry Top-Sider and Keds. He also acted as general manager of Sioux.
As for Hanus, he is going to succeed the retiring Heiner Terbuyken, aged 65. Hanus, who is over 60 years old, has been running Sabu for almost 15 years with relatively good results. In an interview with Schuhkurier, he indicated that Sabu's board of directors had told him last spring that his contract would not be extended, apparently because of his relatively advanced age.
Highline United has not yet announced Krug's successor.