Crocs Names Gregg Ribatt CEO

(RTTNews) - Crocs, Inc. (CROX) said Monday that it has appointed veteran footwear and apparel industry executive Gregg Ribatt as chief executive officer. Ribat is expected to join the company in late January 2015.

Ribatt most recently served as interim CEO of Spanx, Inc. Previously, he served as president and chief executive officer of Collective Brands Performance & Lifestyle Group. Before joining Collective Brands, he was president, chief executive officer and a member of the board of directors for Stuart Weitzman Holdings, a luxury women's fashion footwear company. He also served as executive vice president and chief operating officer of Bennett Footwear Group.

Ribatt will be based in Crocs' new Global Commercial Center in suburban Boston, while also spending significant time at Crocs' offices in Niwot, Colo., as well as working with Crocs employees and customers around the world.

"Gregg brings to Crocs a two-decade track record of success and leadership in guiding companies through significant growth and transformation," said Thomas J. Smach, Crocs chairman of the board. "Since Gregg joined our board of directors in January 2014, he has contributed to the Board's efforts to conceptualize the Crocs of the future."

Andrew Rees will continue in his role as president and will report to Ribatt when he assumes his CEO role in late January. In addition to being CEO, Ribatt will continue to serve on the Crocs board of directors.