Shinola CEO Tom Lewand leaving company at end of the year
Shinola Detroit LLC's CEO is leaving the Detroit-based manufacturer of watches and leather goods, the company said Friday.
Tom Lewand, former president of the Detroit Lions, will leave Shinola at the end of the year after joining Shinola in June 2016. A replacement was not announced.
During his tenure, Lewand oversaw the opening of the Shinola Hotel downtown in partnership with Quicken Loans chairman Dan Gilbert's real estate company, Bedrock, in January, where it also opened a new flagship store along Woodward Avenue. He also oversaw a restructuring that cut its workforce by less than 5% in July. It now employs more than 500 people. Lewand did not disclose for where he is leaving.
“Decisions like these are never easy," he said in a statement. "However, the amazing business and civic climate in our community has afforded me the chance to consider some once-in-a-lifetime professional opportunities, which I look forward to sharing at the appropriate time.”
Prior to Shinola, Lewand was fired as president of the Lions. He had spent 20 years with the football team. Before joining the Lions, Lewand, who has three degrees from the University of Michigan, worked as a lawyer, including a summer at the White House.
Lewand's departure follows that of Shinola's president, Jacques Panis, in March 2018. He is now the CEO of Troy-based New World Diamonds, a lab-grown diamond maker. Shannon Washburn, who had led watch development at the company, succeeded him.
Shinola, which is based in the College for Creative Studies in Midtown, has grown from a boutique watchmaker in 2011 with an expanded line of upscale leather goods, bicycles, jewelry and office accessories. It has more than 30 locations in the United States, including two flagship stores; the second is on West Canfield Street.