Crocs Appointed Gregg Ribatt As Chief Executive Of The Group.
Cave shoe manufacturer Crocs Inc. (NASDAQ:CROX) Carlo announced the appointment of Gregg Ribatt as chief executive on Monday.
Gregg Ribatt, 46, has over 20 years. Footwear and clothing consumer goods Industry experience, as Spanx Inc., a sculpting underwear manufacturer. Footwear retailers Collective Brands Inc. (Sperry, Keds and other brand parent company) and high-end shoe shoe brand Stuart Weitzman Holdings LLC CEO. He is also a senior consultant of Blackstone Group LP (NYSE:BX) Blackstone Group, and was joined by the Blackstone Group LP NYSE:BX (NYSE:BX) in January this year.
Crocs Inc. (NASDAQ:CROX) Carol Chi, the former CEO of John McCarvel, announced her resignation at the end of 2013, and was formally appointed by the chairman of the board of directors, Thomas Smach, as temporary CEO in April 30, 2014. In May of this year, Andrew Rees was appointed as the president of the group and replaced Thomas Smach as temporary CEO.
The Gregg Ribatt will take office at the end of January 2015 with a basic annual salary of $950 thousand. In a statement on Monday, Thomas Smach welcomed Gregg Ribatt, becoming chief executive, and pointed out that under its leadership, the group will accelerate restructuring and transformation.
In the three quarter ended September 30th, the group achieved a net profit of US $15 million 800 thousand, an increase of 21.5% over the same period last year, ending 5 consecutive quarters of decline. Diluted earnings of $0.12 per share, excluding restructuring expenses and non recurrent expenditure, were $0.30, far exceeding the market forecast of $0.14. Revenue grew 4.8% to $302 million over the previous year, higher than the market forecast of $298 million, but China and Asian businesses continued to slack. Gross profit margin contracted by 190 basis points to 51.3% over the same period last year.
Crocs Inc. (NASDAQ:CROX) closed at $12.16 on Monday, a slight increase of 0.25% throughout the day. The stock has fallen by more than 23% in 2014.
- Related reading
Garment Enterprises Transfer To Southeast Asia, Manpower Costs Continue To Rise
|- Fashion character | I Didn't Expect Zhao Wei To Be A Superior Face. He Wore A Black Gauze Skirt After His Hair, And The Lines Were Perfect.
- Fashion makeup | Young People's Fashion Colors And Designs Are The Finishing Touch.
- Shoe Express | The New Brand Of The New Boots Is Coming Soon.
- DIY life | Mysterious Single Product Joint Jersey Series Is About To Debut.
- Fashion shoes | Sports Shoes, Cartoon Sense And Color Appreciation
- Fashion makeup | Stream Bag Brand Series Appreciation
- Fashion posters | The Completion Of Fashion Depends On The Five Fifties Of The Face.
- Fashion posters | The Little Fairies Of The Big Chest Wear Thin Clothes, MM Undressed With Meat.
- Fashion character | Second, Kill The Passers-By And Meet A Jiao.
- Fashion character | The "Butterfly Buttocks" Of The Beautiful Creature, "Di Li Ba", Is Just A Look.
- "Xiqiao Fabric" From Behind The Curtain To The Front Desk.
- Famous Singer Rihanna Joins In PUMA Global Ambassador.
- Liao Xiaoling: Using Architectural Design To Make Costume Design.
- Li Guanyi Enters XTEP CEO, XTEP Will Usher In A New Revolution.
- 馬可：我不是做時(shí)尚的設(shè)計(jì)師
- Pathfinder Develops New Ideas. What Changes Can The Internet Strategy Bring?
- Elegant And Beautiful Fan Bingbing Hand In Hand With Adidas Adidas Originals Released Cooperation Series
- Is Gucci Out Of Date?
- Mr. Bostten Gao De Kang Was Selected As An Entrepreneur Of The Year.
- Clothing Brand Inventory: Brand Change Is Everywhere