Freshly minted Deckers president and CEO Angel Martinez will assume the day-to-day duties for the Teva brand following the departure last week of Teva brand president Bob Orlando.
Orlando was appointed president of Teva in January 2003 and was credited with the re-design of the Teva sport sandal range and the expansion of Teva into hikers, trailrunners and other closed-toe rugged outdoor footwear. He joined Deckers in May 2000 as VP/Brand Manager for Teva after a four year stint at adidas-Salomon North America. Previously, he was president of Newport Outfitters from 1994 to 1996.
>>> This thing is moving fast
The move put a hold on the slide of DECK shares (+8.2% for the week), but is too much weight being placed on Angel to make it happen overnight???
