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Shinola Detroit, LLC announced Thursday the president of the company would be leaving the company "to pause and reflect."

The company said it was bittersweet to announce the departure of Jacques Panis as president of the company, in a press release. Panis has been with the company since its inception in 2011. 

"There comes a point in every career where it’s time to move on down the road, and that time has come for me," Panis said in the release. "I will be leaving Shinola and the Bedrock Manufacturing Group as of March 2, 2018. I will be taking some time to pause and reflect before defining what is 'next' for me.”  

The company said Shannon Washburn, the current Vice President of Watch Development will succeed Panis as President.

Shinola Founder Tom Kartsotis said Washburn is one of Shinola's best after working with her for nearly 30 years. He said she will lead Shinola’s brand and product development teams, as well as all of its marketing efforts.

Kartsotis worked with Panis for over 10 years but the brand has evolved since Panis became a co-founder. 

"The brand has evolved to a point where the best parts of Jacques’ unique capabilities can be put to better use in a role that is more entrepreneurial than what his current role has become and this unique guy wants to explore how his unique gifts can be more rewarding both creatively and professionally," Kartsotis said in a statement. "Jacques, as one of our co-founders, will always be a part of the brand."

Panis went on to say he's excited about the future of Shinola and is grateful to have been a part of its journey. 

“...Shinola has played a major role in my life for the past seven years and I plan to continue supporting the company anyway I possibly can in the future", Panis added. 

srahal@detroitnews.com

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