Deckers Brands, parent of the Hoka, Ugg, Teva, Ahnu and Koolaburra brands, has named Cindy Davis as chair of the Board of Directors, effective immediately. She succeeds Mike Devine, III, who is retiring from the Board after over 14 years of service, including six years as chair.
Davis joined the Deckers Brands Board in 2018 and has served as chair of its Talent & Compensation Committee since 2019 and as a member of its Corporate Responsibility, Sustainability & Governance Committee since 2021. She reportedly brings significant footwear and retail industry leadership experience, having served in several public company executive and board roles throughout the last three decades. Davis’ particular expertise was said to be in the areas of premium branding, finance and risk oversight has been instrumental to Deckers, which has achieved record growth during her tenure.
“We are delighted to name Cindy as the next chair of the Board,” offered Devine. “Over the past seven years, Cindy has added tremendous value, leveraging her deep consumer retail and brand development capabilities. As Deckers’ iconic brands continue to gain strong momentum on a global scale, Cindy’s knowledge and oversight will support the Company’s continued success. I am proud of the track record of growth and innovation we have established and believe Deckers is well positioned to deliver value for stockholders and provide elevated experiences for customers for years to come.”
Davis commented, “I’m honored to be appointed as chair of the Board. Deckers has become an industry leader, offering unique and purposeful products that are increasingly embraced by consumers worldwide. The strength of our brands, disciplined marketplace management and long-term vision have positioned us for continued growth and top-tier levels of profitability. I look forward to working closely with the Board and management team to create value for all Deckers stakeholders. On behalf of the Board, I also want to thank Mike for his unwavering dedication to Deckers and remarkable leadership during a period of immense evolution for the Company, marked by five consecutive years of double-digit revenue and earnings per share growth.”
In connection with Davis’ appointment as chair of the Board, Victor Luis, who has served as a member of the Board and as a member of the Talent & Compensation Committee since 2020, has been named chair of the Talent & Compensation Committee.
Effective immediately upon Devine’s retirement, the Board approved a reduction in its size from 11 to 10 members.
Images courtesy Deckers Brands
