Crocs Inc. announced that Carrie Teffner, the executive vice president and chief financial officer for PetSmart, Inc., has been appointed to its board of directors. Crocs also announced that current director Peter Jacobi is voluntarily retiring from his position. Both changes will be effective June 9, 2015.
Teffner brings more than 27 years of consumer goods and retail leadership experience to Crocs' board, most recently as the executive vice president and chief financial officer for PetSmart. After joining PetSmart in 2013, Teffner supported the company's continued growth and evolution, including its recent sale to a consortium led by London-based BC Partners for $8.7 billion. Prior to her position at PetSmart, Teffner served in the chief financial officer role for Weber-Stephen Products, a manufacturer of grills and grill accessories, and for Timberland, a footwear manufacturer and retailer. Teffner spent the first 21 years of her career in various business and leadership roles for Sara Lee Corporation.
“Carrie brings a great deal of financial leadership experience to our board, both in the general retail sector, as well as in the footwear industry,” said Thomas J. Smach, chairman of the Crocs board of directors. “Her passion for driving profitable growth combined with her impressive background will prove incredibly valuable as we continue to work toward our vision of making Crocs the world's leading casual footwear company.”
As a member of the Crocs board since 2008, Peter Jacobi has played an integral role in the growth of the company, including reaching more than $1 billion in annual sales in 2011. His background in business and operations management has provided important leadership and insights to the company and its board during the past seven years. In addition to his service at Crocs, Jacobi was employed by Levi Strauss & company from 1970 to 1999, where he was president and chief operating officer from 1996 until his retirement.
“It has been an honor to serve on Crocs' board alongside Peter for the past seven years,” said Smach. “We're grateful for his leadership and support in elevating the Crocs brand and business. On behalf of the entire board, I would like to thank Peter for his commitment to the success of Crocs and wish him all the best in his retirement.”
