Crocs chief executive to step down

02/01/2014
John McCarvel has announced his intention to retire as chief executive of Crocs. He will step down “on or about April 30, 2014”, according to a statement from the footwear brand.

“It has been an honour to be part of the Crocs global team for the past decade and to lead it since 2010,” Mr McCarvel said. “We’ve made tremendous progress as a company over these past 10 years, from a one-season, one-shoe, and one-country brand to a diversified, four-season global footwear leader that is on solid financial footing.”

Crocs chairman, Thomas Smach, said on announcing the news that John McCarvel had led a turnaround of Crocs and established it as a profitable, diversified company with more than $1 billion in annual revenue and 4,500 employees.