Wolverine names corporate controller
Wolverine World Wide (NYSE: WWW), parent of Merrell, said it has named Michael Stornant as corporate controller.
In his new role, Stornant will be directly responsible for the oversight of the company's European and Canadian financial operations, and will be indirectly responsible for the financial oversight of its global brand business units and the global operations group. His responsibilities will also include leading the financial forecasting, budgeting and the credit function for all company operations. He will also continue to be directly responsible for the Wolverine Leather Division.
Stornant has been with the company for more than 10 years and has also served as head of Internal Audit when that function was reinstituted at the company. Most recently, he served in the global operations group where he was vice president of finance and then senior vice president responsible for all of the company's manufacturing and leather divisions.
Amer Sports notified of shareholder's increased voting rights
Amer Sports, parent of Salomon, Arc'Teryx and Suunto, said it has been notified that the Danske Bank A/S Helsinki branch's ownership of its share capital and voting rights has reached one-twentieth following a share transaction on May 16.
In addition, the Danske Bank A/S's Helsinki branch has announced that it holds forward market transactions, which according to the existing terms, will expire in June 2008. If realized, the market forwards will lead to Danske Bank A/S Helsinki branch's ownership rights falling below one-twentieth by June 19, 2008, at the earliest.
The Danske Bank A/S Helsinki branch owns about 7 million shares of Amer Sports, equaling about 9.58 percent of the voting rights.
Amer Sports capital has more than 73 million issued shares.
Crocs appoints new vice president of merchandising
Crocs (Nasdaq: CROX) has hired Adam Baker to fill the newly created position of vice president, merchandising.
Baker's expertise in the apparel and footwear industry includes more than 15 years of experience with Nike and Under Armour. Most recently, he served as vice president of product management for Under Armour. Prior to that, he served in various senior merchandising roles with Nike, overseeing the global outdoor product line, global tennis apparel and women's running.
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