The president and CEO of Vancouver-based shoe retailer Sterling Shoes announced his resignation today.
Jeremy Horwitz has been with Sterling Shoes Income Fund (TSX:SSI.UN) since 1988, and was promoted president in 1994.
He cited personal reasons for the departure.
"I'm taking this action after lengthy consideration," Horwitz said. "Throughout my tenure as Sterling Shoes, I've consistently been inspired by the quality and dedication of the people. I will always be proud of my association with Sterling Shoes."
The income fund operates 161 stores in five provinces under retail names such as Joneve, Shoe Warehouse, Freedman, Gia, Sterling and Sterling Outlet.
Horwitz will remain with the company for another 60 days while the board searches for a replacement.
Sterling's share price range during the last week: $2.60 and $2.67; 52-week high: $3.49; 52-week low: $1.34.