Collective Brands, Inc. reported that SVP and CFO Ullrich “Rick” E. Porzig announced his retirement. Porzig, 62, has served the company for more than 14 years in positions of increasing responsibility in finance functions. As part of a planned succession process, Porzig will continue in his current role until September 2008 through the filing date of the company's Form 10-Q for the second fiscal quarter. The company is continuing its search for his successor.

“Rick is a highly-respected leader who has made numerous meaningful contributions to our Company's success throughout his career,” said Matthew E. Rubel, Chairman, Chief Executive Officer and President. “I have personally enjoyed working with Rick, and I am extremely grateful for the knowledge, perspective and counsel Rick has brought to the company each and every day.”