Crocs, Inc. Announces Changes to Board of Directors
June 29 2011 - 4:01PM
Business Wire
Crocs, Inc. (NASDAQ: CROX) today announced that Richard Sharp,
chairman of the board of directors, has retired from his position
and from Crocs’ board of directors, following a leave of absence in
December 2010. Thomas Smach has been appointed chairman of the
board, effective immediately. Doreen Wright has been appointed to
the board, also with immediate effect.
Doreen A. Wright (Photo: Business
Wire)
Mr. Smach commented, “Rick’s leadership has been a tremendous
benefit to the company and the board over the past several years.
Serving as chairman since before our initial public offering in
2005, Rick has thoughtfully helped us work through numerous
challenges and critical decisions, and he will be greatly missed.
We wish Rick and his family all the best in the future.”
Thomas Smach has served as a member of Crocs’ board of directors
since April 2005 and stepped into the role of acting chairman in
late 2010. Mr. Smach is a founder and partner of Riverwood Capital
Management and a former senior executive with Flextronics, Inc.
where he served as chief financial officer from 2005 to 2008 and
senior vice president, finance from 2000 to 2004. Mr. Smach is a
certified public accountant and serves on the board of directors of
ADVA AG Optical Networking.
The Company also announced that Doreen A. Wright has been
appointed to the Crocs’ Board of Directors. Ms. Wright served as
senior vice president and chief information officer of Campbell
Soup Company [NYSE: CPB] from 2001 to 2008 and executive vice
president and chief information officer of Nabisco Inc. from 1999
to 2001. She currently serves on the board of directors of Dean
Foods [NYSE: DF] and Citadel Broadcasting Corporation and is a
former board member of The Oriental Trading Company, Conseco, Inc.,
and The Yankee Candle Company.
“We are very excited to welcome Doreen to our board of
directors,” said Mr. Smach. “With her information technology (IT)
experience and proven leadership with global organizations, we
believe she will be a great asset to the board and to Crocs.”
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 250 styles to suit every lifestyle. As
lighthearted as they are lightweight, Crocs(TM) footwear provides
profound comfort and support for any occasion and every season. All
Crocs(TM) branded shoes feature Croslite(TM) material, a
proprietary, revolutionary technology that produces soft,
non-marking, and odor-resistant shoes that conform to your
feet.
Crocs(TM) products are sold in 90 countries. Every day, millions
of Crocs(TM) 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.
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