NIWOT, Colo., Jun 29, 2011 (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.
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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SOURCE: Crocs, Inc.
Investor Contact:
ICR, Inc.
Brendon Frey, 203-682-8200
brendon.frey@icrinc.com
or
Media Contact:
Crocs, Inc.
Shelley Weibel, 303-848-7000
sweibel@crocs.com