Crocs Appointment Of New President And Temporary CEO Will Take Office In June 9Th.

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< p > the Crocs Inc of cave shoe manufacturer appointed Andrew Rees as the president. He will also serve as interim CEO until the group finds out the official CEO candidate. Andrew Rees will be formally joined in June 9th. < /p >
< p > before joining Crocs Inc. Carlo Inc. Andrew Rees inaugural consultant LEK Consulting participated in the creation and leading of LEK Consulting retail department. Andrew Rees has many years of experience in shoe manufacturers, serving Reebok International Reebok as vice president of strategy and retail. < /p >
Thomas Smach, chairman of the board of directors of P Crocs Crocs Inc., welcomed the entry of Andrew Rees and said that it was a year of group transition. < /p >
< p > former group chief executive John McCarvel announced its resignation at the end of 2013, and officially left in April 30, 2014. Since then Thomas Smach has served as temporary CEO. After the appointment of Andrew Rees, the temporary CEO position of Thomas Smach has been replaced by the Thomas. < /p >
< p > Crocs Inc. Carol's net profit in the 2013 fiscal year dropped sharply to 10 million 420 thousand US dollars, which was 0.12 US dollars per share, a net profit of 131 million 300 thousand US dollars in the same period last year, and a profit of 1.44 US dollars per share. In the 2014 fiscal year, Crocs Inc. Carlo continued to be depressed, which was affected by many factors such as the Easter shift, the depreciation of Japanese yen and Russian rouble and the change of product mix. Net profit in the first quarter of 2014 fell sharply from 78% to 6 million 373 thousand dollars, compared with 28 million 961 thousand US dollars in the same period last year, and the diluted earnings per share dropped from 0.33 US dollars to US $0.06. The total revenue in the first quarter was US $312 million 400 thousand, slightly higher than the analyst's forecast of US $311 million, an annual increase of 0.2%. < /p >
< p > Crocs Inc. Carlo predicts that the two quarter revenue will be between 3.70-3.75 billion and less than 377 million 400 thousand US dollars expected by analysts. < /p >
< p > the company is undergoing a transition and restructuring phase after being left behind by private equity giant Blackstone Group LP Blackstone 200 million US dollars and John McCarvel. Crocs Inc. karlow said that the focus of the current stage of business will be on increasing shareholder returns and adjusting product mix. < /p >