GOLETA,
Calif., May 19, 2022 /PRNewswire/ -- Deckers
Brands (NYSE: DECK), a global leader in designing, marketing and
distributing innovative footwear, apparel and accessories, today
announced that after seven years leading the HOKA and Teva brands
to new heights Wendy Yang is
stepping down from her role as President of Performance Lifestyle,
effective as of the end of the month. Stefano Caroti, President of Omni-Channel and a
30-year industry veteran, will assume Yang's responsibilities on an
interim basis while the Company conducts a leadership search. Yang
will remain with the Company in a consulting role through
August 15, 2022, to ensure a smooth
transition.
"Over the last seven years, our Performance Lifestyle segment
has delivered immense growth – with nearly $900 million in global revenue for HOKA this past
fiscal year – thanks to a significant increase of brand adoption in
many of our mainstream markets," said Dave
Powers, President and Chief Executive Officer. "On behalf of
the entire Deckers team, I want to thank Wendy for her tremendous
contributions over the years. With HOKA and Teva in their strongest
positions to date in a highly competitive marketplace, I am
confident in our ability to continue our positive momentum. I look
forward to the future with this talented team and wish Wendy the
best."
Yang commented, "This has been an incredible journey with
talented and amazing people, and it has been a privilege to lead
this passionate team. Through the discipline, hard work, and
dedicated focus of many, HOKA and Teva have made significant
strides. I'm grateful to have had the opportunity to work in a
business so committed to making a positive impact on people, their
communities, and the planet. I look forward to following the
success of these outstanding brands for years to come."
About Deckers Brands
Deckers Brands is a global leader in designing, marketing and
distributing innovative footwear, apparel and accessories developed
for both everyday casual lifestyle use and high performance
activities. The Company's portfolio of brands includes UGG®,
Koolaburra®, HOKA®, Teva® and Sanuk®. Deckers Brands products are
sold in more than 50 countries and territories through select
department and specialty stores, Company-owned and operated retail
stores, and select online stores, including Company-owned websites.
Deckers Brands has over 40 years of history of building niche
footwear brands into lifestyle market leaders attracting millions
of loyal consumers globally. For more information, please visit
www.deckers.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within
the meaning of the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995, which statements are
subject to considerable risks and uncertainties. Forward-looking
statements include all statements other than statements of
historical fact contained in this press release, including
statements regarding the future growth and success of our brands.
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Forward-looking statements represent our management's current
expectations and predictions about trends affecting our business
and industry and are based on information available as of the time
such statements are made. Although we do not make forward-looking
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so, we cannot guarantee their accuracy or completeness.
Forward-looking statements involve numerous known and unknown
risks, uncertainties and other factors that may cause our actual
results, performance or achievements to be materially different
from any future results, performance or achievements predicted,
assumed or implied by the forward-looking statements. Some of the
risks and uncertainties that may cause our actual results to
materially differ from those expressed or implied by these
forward-looking statements are described in the section entitled
"Risk Factors" in our Annual Report on Form 10-K for the fiscal
year ended March 31, 2021, as well as
in our Quarterly Reports on Form 10-Q and other filings with the
Securities and Exchange Commission.
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is based only on information currently available to us and speaks
only as of the date on which it is made. Except as required by
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forward-looking statements, or to update the reasons actual results
could differ materially from those expressed or implied by these
forward-looking statements, whether to conform such statements to
actual results or changes in our expectations, or as a result of
the availability of new information.
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SOURCE Deckers Brands