NIWOT, Colo., Dec 22, 2010 (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(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 129 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.
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.
SOURCE: Crocs, Inc.
Investor:
ICR, Inc.
Brendon Frey, 203-682-8200
brendon.frey@icrinc.com
or
Media:
Crocs, Inc.
Shelley Weibel, 303-848-7000
sweibel@crocs.com