Carrie Teffner Named Chief Financial Officer of Crocs, Inc.
November 05 2015 - 7:31AM
Crocs, Inc. (NASDAQ:CROX) today announced that Carrie Teffner has
been named executive vice president, chief financial officer of
Crocs, Inc. and is expected to join the company on December 16,
2015.
Teffner, who was appointed to Crocs' board of directors in June
2015, brings more than 25 years of consumer goods and retail
leadership experience to the company. Prior to joining Crocs' board
of directors, she served as executive vice president and chief
financial officer for PetSmart, where she supported the company's
continued growth and evolution, including its recent sale to a
consortium led by London-based BC Partners for $8.7 billion. Prior
to her position at PetSmart, Teffner served in the chief financial
officer role for Weber-Stephen Products, a manufacturer of grills
and grill accessories, and for Timberland, a footwear manufacturer
and retailer. Teffner spent the first 21 years of her career in
various business and leadership roles for Sara Lee Corporation.
"We are thrilled to have Carrie Teffner join the company as
chief financial officer," said Gregg Ribatt, Crocs chief executive
officer. "Carrie brings a strong track record of success as
the former chief financial officer of Timberland and more recently
PetSmart. Carrie is a great business partner and has a strong
finance, operations and strategy background. We look forward to her
joining the company next month."
Mike Smith will continue to serve as interim CFO until Teffner
joins the company in December.
About Crocs, Inc.
Crocs, Inc. (NASDAQ:CROX) 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.
The matters regarding the future discussed in this news release
include "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements
include, but are not limited to, statements regarding prospects,
investments in our business and outlook. These statements involve
known and unknown risks, uncertainties and other factors which may
cause our actual results, performance or achievements to be
materially different from any future results, performances, or
achievements expressed or implied by the forward-looking
statements. These risks and uncertainties include, but are not
limited to, the following: macroeconomic issues, including, but not
limited to, the current global financial conditions; the effect of
competition in our industry; our ability to effectively manage our
future growth or declines in revenue; changing fashion trends; our
ability to maintain and expand revenues and gross margin; our
ability to accurately forecast consumer demand for our products;
our ability to develop and sell new products; our ability to obtain
and protect intellectual property rights; the effect of potential
adverse currency exchange rate fluctuations and other international
operating risks; our ability to open and operate additional retail
locations; and other factors described in our most recent annual
report on Form 10-K under the heading "Risk Factors" and our
subsequent filings with the Securities and Exchange Commission.
Readers are encouraged to review that section and all other
disclosures appearing in our filings with the Securities and
Exchange Commission.
CONTACT: Investor Contact:
Brendon Frey, ICR
(203) 682-8200
brendon.frey@icrinc.com
Media Contact:
Patrick Rich, Crocs, Inc.
(303) 848-7000
prich@crocs.com
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