Crocs, Inc. appointed Jeff Margolis to the company’s Board of Directors. Margolis is the founding CEO and chairman emeritus of The TriZetto Group, Inc., a healthcare I.T. software and services company, and executive chairman of WellTok, Inc., a developer of social health networks. He will serve on the Board’s Audit Committee and IT Steering Committee.
“Jeff’s expertise in technology and innate entrepreneurial nature make him a natural fit for Crocs,” said Thomas Smach, chairman of the board of directors for Crocs. “His role in defining technology’s strategic place in the health care industry illustrates his ability to identify and capitalize on growth opportunities, which will undoubtedly serve Crocs well. We are thrilled that he is joining the Board.”
“World-class companies leverage their governance structure to facilitate and augment growth,” said Jeff Margolis, executive chairman of WellTok, Inc., and founding CEO and chairman emeritus of The TriZetto Group, Inc. “Crocs' dynamic management team is committed to further expand Crocs’ powerful brand and business, worldwide. I am excited to lend my experience in information technology, finance and social media to assist the Company’s continuing development.”
A systems scientist and information technologist by training, Margolis also is an entrepreneur and was a public company CEO for more than a decade. To date, he has been directly involved in more than 20 merger and acquisition transactions and more than 15 private and public financing transactions. He holds CPA certificates in Colorado and Illinois. From a start-up in his living room, Margolis built TriZetto into the largest supplier of software and services to the health insurance industry, with its technology touching half the insured population of the U.S. When it went private in 2008, the transaction returned $1.4 billion to shareholders.
“As Crocs celebrates its first ten years, we look forward to what the next ten will bring and are confident Jeff will make powerful contributions to our future success,” said John McCarvel, President and Chief Executive Officer for Crocs.
