NIWOT, Colo.--(BUSINESS WIRE)--Jun. 7, 2012--
Crocs, Inc. (NASDAQ: CROX) today announced the appointment of Jeff
Margolis to the company’s Board of Directors. Margolis is the founding
CEO and chairman emeritus of The TriZetto Group, Inc., a healthcare I.T.
software and services company, and executive chairman of WellTok, Inc.,
a developer of social health networks. He will serve on the Board’s
Audit Committee and IT Steering Committee.
Jeff Margolis (Photo: Business Wire)
“Jeff’s expertise in technology and innate entrepreneurial nature make
him a natural fit for Crocs,” said Thomas Smach, Chairman of the Board
of Directors for Crocs. “His role in defining technology’s strategic
place in the health care industry illustrates his ability to identify
and capitalize on growth opportunities, which will undoubtedly serve
Crocs well. We are thrilled that he is joining the Board.”
“World-class companies leverage their governance structure to facilitate
and augment growth,” said Jeff Margolis, executive chairman of WellTok,
Inc., and founding CEO and chairman emeritus of The TriZetto Group, Inc.
“Crocs' dynamic management team is committed to further expand Crocs’
powerful brand and business, worldwide. I am excited to lend my
experience in information technology, finance and social media to assist
the Company’s continuing development.”
A systems scientist and information technologist by training, Margolis
also is an entrepreneur and was a public company CEO for more than a
decade. To date, he has been directly involved in more than 20 merger
and acquisition transactions and more than 15 private and public
financing transactions. He holds CPA certificates in Colorado and
Illinois. From a start-up in his living room, Margolis built TriZetto
into the largest supplier of software and services to the health
insurance industry, with its technology touching half the insured
population of the U.S. When it went private in 2008, the transaction
returned $1.4 billion to shareholders.
“As Crocs celebrates its first ten years, we look forward to what the
next ten will bring and are confident Jeff will make powerful
contributions to our future success,” said John McCarvel, President and
Chief Executive Officer for Crocs.
About Crocs, Inc.
Celebrating its 10th anniversary in 2012, Crocs, Inc. is a world leader
in innovative casual footwear for men, women and children. Crocs offers
several distinct shoe collections with more than 300 four-season
footwear styles. All Crocs™ shoes feature Croslite™ material, a
proprietary, revolutionary technology that gives each pair of shoes the
soft, comfortable, lightweight, non-marking and odor-resistant qualities
that Crocs fans know and love. Crocs fans “Get Crocs Inside” every pair
of shoes, from the iconic clog to new sneakers, sandals, boots and
heels. Since its inception in 2002, Crocs has sold more than 200 million
pairs of shoes in more than 90 countries around the world. The brand
celebrated reaching $1 billion in annual sales in 2011.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50304145&lang=en
Source: Crocs, Inc.
Crocs, Inc.
Media Contact:
Katy Lachky, 303-848-7630
klachky@crocs.com
or
Investor
Contact:
Kevin Kim, 303-848-7000
kkim@crocs.com