In a story reported exclusively by Sports Executive Weekly last week, Converse has confirmed the exit of VP of Sales Jim Stroesser.
Stroesser joined Converse as part of the management team that bought the company out of bankruptcy two years ago. Jim came to Converse from Oakley, where he was VP of Sales after stints at Nike and L.A. Gear. Mr. Stroesser has been named president and CEO of Symbol, Inc., a California-based developer of Ralph Lauren licensed homes, effective immediately.
“After three years of 5-days-a-week travel, it was time to cut back”, said Stroesser.
Converse was acquired by Nike in a $305 million deal that closed in September. Converse had tested the waters for an IPO past spring, but a weak market led the company to seek out strategic buyers instead.
Stroesser will be based in New York and will report to Richard L. Edwards, chairman of the company.
>>> We wonder if this signals a move by Nike to start to move their own people into Converse…