"Gregg brings to Crocs a two-decade track record of success and leadership in guiding companies through significant growth and transformation", stated Thomas J. Smach, Crocs Chairman, adding: "Since Gregg joined our Board of Directors in January 2014, he has contributed to the Board's efforts to conceptualize the Crocs of the future. We believe the transformation of Crocs will accelerate under his leadership, and we are delighted to welcome him as our new Chief Executive Officer in January 2015."

Mr Ribatt has 20 years of executive leadership in consumer branded wholesale and retail organizations in footwear and apparel. Most recently, he served as interim CEO of Spanx, Inc. Previously, he served as President and Chief Executive Officer of Collective Brands Performance & Lifestyle Group (lifestyle footwear and apparel business which includes the Saucony, Sperry Top-Sider, Keds and Stride Rite brands) and as President, Chief Executive Officer and a member of the Board of Directors for Stuart Weitzman Holdings (luxury women's fashion footwear company).

Andrew Rees will continue in his role as President and will report to Ribatt when he takes his CEO role in late January. In addition to being CEO, Ribatt will continue to serve on the Crocs Board of Directors.

"Crocs is an incredible brand with excellent growth potential. In only 12 years, the team has built a billion-dollar global brand with distribution in more than 90 countries, and the Crocs brand continues to have meaningful growth potential in every market in which it competes," Ribatt commented. "Over the last nine months, the team has done an exceptional job of working to position the brand and company for the future. My goal is to build on that strategic work while continuing to establish one of the best teams and cultures in the industry. I would like to thank Andrew Rees for his great work and leadership since he joined the company last spring as president. I'm confident and excited for the future of the Crocs brand, and I look forward to working with Andrew and the team to help Crocs reach its full potential across the globe."