Crocs taps Ribatt as chief executive, Rees remains as president

NIWOT  — Shoemaker Crocs Inc. (Nasdaq: CROX) on Monday announced that veteran footwear and apparel industry executive Gregg Ribatt has been named chief executive and is expected to join the company in late January.

Ribatt will be based in Crocs’ new Global Commercial Center in suburban Boston, while also spending significant time at Crocs’ headquarters in Niwot.

Andrew Rees will continue in his role as president. He had been serving as president and interim CEO since May.

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Ribatt will continue to serve on the Crocs board of directors, which he joined in January.

Ribatt has more than 20 years of executive leadership in consumer branded wholesale and retail organizations in footwear and apparel. Most recently, he served as interim CEO of Spanx Inc. Previously, he served as president and chief executive of Collective Brands Performance & Lifestyle Group, a $1.1 billion company that specializes in performance and lifestyle footwear and apparel, which included the Saucony, Sperry Top-Sider, Keds and Stride Rite brands.