LaCrosse Footwear CEO and CFO resign

01/10/2012
The chief executive and chief financial offer of LaCrosse Footwear have resigned, three months after the US-based company was bought by ABC Walmart, a Japanese footwear group.

CEO Joseph Schneider and CFO David Carlson had been in their positions for more than a decade. Mr Schneider’s father was the company’s chairman until his death in 2005 aged 82.

The company, which makes boots for the outdoor, work and military markets, was acquired for $138 million in August. Both resignations were reportedly on their own terms, and not at the request of the new owners.