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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
03/24/201517:00:00Crocs, Inc. Releases 2014 Sustainability Report
03/23/201520:08:25U.S. Firms Summon More of Their Foreign Profit Home
03/17/201518:06:19Statement of Changes in Beneficial Ownership (4)
03/17/201518:02:07Statement of Changes in Beneficial Ownership (4)
03/06/201518:03:36Statement of Changes in Beneficial Ownership (4)
03/06/201518:01:08Statement of Changes in Beneficial Ownership (4)
03/03/201517:47:54Statement of Changes in Beneficial Ownership (4)
03/03/201517:46:02Statement of Changes in Beneficial Ownership (4)
03/03/201517:44:22Statement of Changes in Beneficial Ownership (4)
03/03/201517:42:33Statement of Changes in Beneficial Ownership (4)
03/02/201518:03:18Annual Report (10-k)
03/01/201501:54:21Why Crocs Is A Solid Pick After Earnings
02/26/201522:20:12Crocs' (CROX) CEO Gregg Ribatt on Q4 2014 Results - Earnings...
02/26/201516:26:53Current Report Filing (8-k)
02/26/201516:00:00Crocs Inc. Reports Fourth Quarter and Full Year 2014 Financial...
02/23/201511:28:47Crocs, Inc. Names David Thomson as General Manager of Asia, Africa...
02/19/201508:00:00Crocs, Inc. Announces Conference Call to Discuss Fourth Quarter...
02/13/201517:47:34Statement of Changes in Beneficial Ownership (4)
02/12/201516:39:44Statement of Ownership (sc 13g)
02/11/201512:42:34Amended Statement of Ownership (sc 13g/a)

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