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Deckers Brands CEO to retire in August

Feb 6, 2024 United States
Deckers Brands CEO to retire in August
As the US-based company reported another strong quarter, it announced that Dave Power has decided to retire as President and Chief Executive Officer, effective from the 1st of August 2024
Dave Powers, who joined Deckers in 2012, will retire as President and Chief Executive Officer on the 1st of August, but will continue to serve on the company's board of directors until the 2025 annual meeting of shareholders. He will be succeeded by the company’s current Chief Commercial Officer, Stefano Caroti, effective upon Powers’ retirement.

“For more than a decade, Dave has played an instrumental role in building Deckers into the leader it is today. Dave has fostered each of our brands so that they have become consumer favourites, capitalising on market trends and dramatically increasing shareholder value throughout his tenure. On behalf of the entire Board and management team, I thank Dave for his outstanding leadership over the last decade and wish him the best in his retirement”, commented Mike Devine, Chairman of the Board.

Devine also said that the board is “thrilled” to welcome Stefano to his new role. “Stefano has extensive industry experience and has seamlessly led our Omni-Channel, Regional and Hoka brand operations during some of Deckers' most pivotal years. He has been a key member of the executive team helping to craft and progress our consumer-focused strategy and inclusive, engaged culture. Stefano's demonstrated success and passion for our values make him the clear choice to lead Deckers into the future”, he concluded.

With more than 33 years of experience in general management, sales, retail, product, marketing, business strategy and brand management, Caroti was appointed Chief Commercial Officer of Deckers in April 2023, after serving as President of Omni-Channel for nearly eight years and as Interim President of Hoka. Before, he was the Chief Commercial Officer and Managing Director at Puma and held several senior executive positions at Nike.


Image Credits: yahoo.com

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