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Orbitz Names Crocs Executive As Financial Chief

DOW JONES NEWSWIRES Orbitz Worldwide Inc. (OWW) named the former financial chief of Crocs Inc. (CROX) to the same position at the online-travel company. Russ Hammer, who led the restructuring efforts at shoe maker Crocs, also held a variety of senior executive positions at Motorola Inc. (MOT). He replaces Marsha Williams, whose retirement was announced in June. Orbitz Worldwide said in November its third-quarter earnings more than doubled, thanks to strong summer travel demand and lower overhead costs. The travel industry has continued to rebound from last year's weak demand, with a number of airlines and hotel companies posting stronger profits in recent quarters. Orbitz has long generated most of its revenue from airline and domestic bookings, though it has made a push to expand internationally and into hotel bookings. Both Orbitz and Crox were inactive premarket. They closed Friday at $5.59 and $17.12, respectively. Orbitz fell 24% in 2010, while Crox nearly tripled. -By Lauren Pollock, Dow Jones Newswires; 212-416-2356; lauren.pollock@dowjones.com

Stock News for Crocs (CROX)
DateTimeHeadline
05/15/201513:55:00Statement of Changes in Beneficial Ownership (4)
05/15/201513:45:02Statement of Changes in Beneficial Ownership (4)
05/08/201514:33:35Quarterly Report (10-q)
05/08/201508:16:31Current Report Filing (8-k)
05/08/201507:30:00Crocs Inc. Reports First Quarter 2015 Financial Results
05/06/201511:04:25Crocs Receives Sell Rating from Zacks (CROX)
05/06/201503:37:58Crocs's Positive Rating Reaffirmed at Sterne Agee CRT (CROX)
05/05/201517:18:54Current Report Filing (8-k)
05/04/201512:18:35Crocs Downgraded by Standpoint Research (CROX)
04/30/201516:01:00Crocs, Inc. Announces Conference Call to Discuss First Quarter...
04/30/201513:36:11Crocs Earns Sell Rating from Zacks (CROX)
04/29/201503:14:28Crocs Receives Neutral Rating from Piper Jaffray (CROX)
04/28/201503:29:19Crocs's "Buy" Rating Reiterated at Sterne Agee (CROX)
04/24/201516:33:50Additional Proxy Soliciting Materials (definitive) (defa14a)
04/24/201516:25:08Proxy Statement (definitive) (def 14a)
04/16/201516:48:20Statement of Changes in Beneficial Ownership (4)
04/16/201516:17:15Initial Statement of Beneficial Ownership (3)
04/15/201506:02:49Current Report Filing (8-k)
04/14/201517:00:00Crocs, Inc. Appoints Coach's Ian Bickley to Board of Directors
03/30/201516:05:00Crocs, Inc. Launches New #FindYourFun Integrated Marketing Campaign

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