Crocs, Inc. CFO Jeff Lasher to Step Down
September 21 2015 - 8:46PM
Crocs, Inc. (NASDAQ: CROX) today announced that Jeff Lasher, senior
vice president and chief financial officer, is leaving the company
to pursue other interests. Lasher, who joined Crocs in 2009 and was
named chief financial officer in 2011, will remain with the company
through early November. Mr. Lasher plans to join West Marine, Inc.
as chief financial officer in November.
Mike Smith, senior vice president for finance, has been named
interim chief financial officer effective October 1st and will work
closely with Lasher during a transition period. Smith joined Crocs
earlier this year after a long career in finance, including several
chief financial officer roles. Smith spent nearly two years as
division senior vice president for finance at Wolverine Worldwide
and, prior to its acquisition, Collective Brands Performance &
Lifestyle Group, which included the Sperry Top-Sider, Saucony, Keds
and Stride Rite brands.
"For the past six years, Jeff Lasher has played a key role in
leading the company through major transitions, including the
strategic repositioning that Crocs has been going through during
the past year," said Gregg Ribatt, Crocs chief executive officer.
"Jeff is well-respected by investors, employees and our board of
directors. We appreciate his many contributions to Crocs and wish
him well in his future endeavors."
"Mike Smith is a hands-on, strategic business leader with
significant senior-level finance and business experience in the
footwear and apparel industry," Ribatt continued. "Mike is well
positioned to make a great impact on the company as interim chief
financial officer."
Crocs will retain a global executive search firm to assist with
the search for a permanent chief financial officer.
About Crocs, Inc.
Crocs, Inc. is a world leader in innovative casual footwear for
men, women and children. Crocs offers a broad portfolio of
all-season products, while remaining true to its core molded
footwear heritage. All Crocs™ shoes feature Croslite™ material, a
proprietary, revolutionary technology that gives each pair of shoes
the soft, comfortable, lightweight, non-marking and odor-resistant
qualities that Crocs fans know and love. Crocs celebrates the fun
of being a little different and encourages fans to "Find Your Fun"
in every colorful pair of shoes. Since its inception in 2002, Crocs
has sold more than 300 million pairs of shoes in more than 90
countries around the world.
Visit www.crocs.com for additional information.
CONTACT: Media Contact: Katy Michael/Crocs, Inc.
(303) 848-7000
kmichael@crocs.com
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