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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
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
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

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