Crocs, Inc. Announces Departure of Russell C. Hammer
December 22 2010 - 4:01PM
Business Wire
Crocs, Inc. (NASDAQ: CROX) announced today that Russell C.
Hammer has resigned as Chief Financial Officer effective December
31, 2010 in order to join a Chicago based public company as its
chief financial officer. A search for Mr. Hammer’s successor is
underway.
President and Chief Executive Officer, John McCarvel, commented
“I want to thank Russ for his many contributions and wish him well
in his new role and location closer to his family. Looking forward,
we are excited about both our near- and long-term growth prospects
and I am very confident that the financial team we have in place is
up to the task of managing the CFO responsibilities until a
successor is found.”
About Crocs, Inc.
A world leader in innovative casual footwear for men, women and
children, Crocs, Inc. (NASDAQ: CROX), offers several distinct shoe
collections with more than 120 styles to suit every lifestyle. As
lighthearted as they are lightweight, Crocs™ footwear provides
profound comfort and support for any occasion and every season. All
Crocs™ branded shoes feature Croslite™ material, a proprietary,
revolutionary technology that produces soft, non-marking, and
odor-resistant shoes that conform to your feet.
Crocs™ products are sold in 129 countries. Every day, millions
of Crocs™ shoe lovers around the world enjoy the exceptional form,
function, versatility and feel-good qualities of these shoes while
at work, school and play.
Visit www.crocs.com for additional information.
Forward-looking statements
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
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 crisis; 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 management and information systems
infrastructure; our ability to repatriate cash held in foreign
locations in a timely and cost-effective manner; our ability to
develop and sell new products; our ability to obtain and protect
intellectual property rights; the effect of competition in our
industry; and the effect of potential adverse currency exchange
rate fluctuations; 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. We do not undertake any obligation to update
publicly any forward-looking statements, including, without
limitation, any estimate regarding revenues or earnings, whether as
a result of the receipt of new information, future events, or
otherwise.
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