UPDATE: Sterne Agee Upgrades Crocs (CROX) to Buy

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Crocs (CROX) Names Gregg Ribatt CEO

December 15, 2014 4:34 PM EST

Crocs, Inc. (Nasdaq: CROX) announced that veteran footwear and apparel industry executive Gregg Ribatt has been named chief executive officer of Crocs, Inc. and is expected to join the company in late January 2015.

"Gregg brings to Crocs a two-decade track record of success and leadership in guiding companies through significant growth and transformation," said Thomas J. Smach, Crocs chairman of the board. "Since Gregg joined our board of directors in January 2014, he has contributed to the Board's efforts to conceptualize the Crocs of the future. We believe the transformation of Crocs will... More