U.S. footwear brand Crocs Inc. announced on Friday the appointment of Patraic Reagan to the role of executive vice president and chief financial officer, effective September 22.
Patraic Reagan – SharkNinja
He replaces Susan Healy, who resigned from her position as CFO on August 28, effective immediately.
Reagan will lead the company’s financial strategies, as well as financial planning and analysis, accounting, treasury, investor relations, tax and internal audit.
Reagan will join the executive leadership team and will report directly to Andrew Rees, Crocs chief executive Officer.
With some three decades of financial and operational leadership experience at major consumer companies, the new CFO joins the Colorado-based Crocs from SharkNinja Inc., where he served as CFO. Prior to that, he spent approximately 14 years at Nike, Inc.
“Crocs, Inc. is a company that I have long admired—one whose profitable growth has been built on an enduring cultural icon and one where I see untapped potential across both the Crocs and HeyDude brands,” said Reagan.
“Drawing from my global experience of leading high-growth brands through disciplined execution, I look forward to working alongside the talented leadership team to unlock shareholder value and drive consistent results for years to come.”
The clog maker also reaffirmed its third quarter financial outlook as previously disclosed on August 7, warning a quarterly revenue decline of approximately 9% to 11%.
“We are excited to welcome Patraic to Crocs, Inc. as our chief financial officer,” said Rees.
“Patraic is a seasoned financial professional with a strong public profile and a track record of delivering consistent, profitable growth. We believe his consumer-centric mindset, robust financial experience in the footwear industry and his international expertise will complement our leadership team in driving long-term shareholder value.”
