Austrian luxury hosiery brand Wolford Group has announced the retirement of its long-serving CEO Holger Dahmen.

Dahmen will leave the company at the end of the month at his own request, the company said today (13 January), and seek "a new external challenge" after more than ten years at the helm.

He will also resign from the management board with immediate effect. Until further notice, Wolford will be managed by board members Axel Dreher and Thomas Melzer, with Dreher acting as company spokesperson.

"In the past ten years, Holger Dahmen managed the company with great aptitude and guided it through the difficulties of economic and currency crises," said Emil Flückiger, chairman of the supervisory board. "We regret his retirement very much and wish him all the success for his future career."

The board has begun the search for a successor, the company said.

Wolford last month announced plans to shift its focus back to legwear and figure-fitting garments as part of a strategic refocusing designed to "increase and strengthen" the enthusiasm of its customers.

The Austrian company, which swung to a net loss in its last financial year, is planning to adjust the structure of its product line to "better reflect the expectations of customers in the future".