Crocs, Inc. has announced the appointment of Terence Reilly as the new Executive Vice President and President for the Heydude brand. Reilly, who previously served as the president of the Stanley brand, is set to join the company's executive leadership team on April 29, 2024.
Reilly's appointment comes as the company bids farewell to Rick Blackshaw, the outgoing president. Andrew Rees, the Chief Executive Officer of Crocs, Inc., expressed excitement at Reilly's return, citing his previous success in brand-building at both Stanley and Crocs. Rees believes that Reilly is the right person to lead the Heydude brand into its next phase of growth.
In terms of financial reporting, Crocs, Inc. expects to release its fiscal first quarter results on May 7, 2024, before the market opens. This announcement was made alongside Reilly's appointment.
The press release also highlighted Reilly's extensive experience in global marketing and operations, spanning over 25 years. He has been credited with leading the strategy that drove the resurgence of the Stanley brand into a must-have icon.
Today the company's shares have moved -1.5% to a price of $121.57. For more information, read the company's full 8-K submission here.
