Plus   Neg

Crocs CFO Carrie Teffner To Resign; Anne Mehlman Named Successor

While reporting its second-quarter financial results today, Crocs Inc. (CROX) said that Carrie Teffner, Executive Vice President and Chief Financial Officer, has announced her intention to resign from the company effective April 1, 2019 to pursue strategic board and advisory work.

Anne Mehlman has been named Teffner's successor and will assume the Executive Vice President and CFO role effective August 24, 2018.

Upon Mehlman's arrival, and to ensure a seamless transition, Teffner will transition into the role of Executive Vice President Finance and Strategic Projects.

Mehlman brings more than 15 years of global financial and operational experience to her role. She will join Crocs from Zappos.com, Inc., an online shoe retailer owned by Amazon, where she is CFO.

Before joining Zappos.com, Inc. in 2016, Mehlman was a member of the Crocs management team for over five years, most recently as Vice President Corporate Finance.

Earlier in her career, she served as Division Finance Director at RSC Holdings, Inc., a construction and industrial equipment rental company, acquired by United Rentals, Inc., and as Northeast Regional Controller at Corporate Express, an international B2B seller of office supplies, acquired by Staples, Inc.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Alibaba is upgrading its intellectual property system using blockchain technology, according to local news outlet Sohu. Alibaba Platform Management expects this to benefit mainly small and medium-sized enterprises, brands and entrepreneurs. The technology will be fully implemented in September, and thereafter, the company intends to expand it to the field of digital copyright protection. Electronics retailer Best Buy Co., Inc. (BBY) reported Thursday a 27 percent increase in profit for the first quarter from last year, which was impacted by restructuring charges, and higher revenues. Both adjusted earnings per share and revenues for the quarter topped analysts' estimates. The company also provides guidance for the second quarter and reiterated its outlook for the full-year 2020. While reporting financial results for the second quarter on Thursday, Hormel Foods Corp. (HRL) lowered its earnings and net sales guidance for the full-year 2019. For fiscal 2019, the company now projects earnings in a range of $1.71 to $1.85 per share, and net sales between $9.70 billion and $10.20...
Follow RTT