Skechers taps Mattel exec for key finance role
Skechers USA is expanding its executive team to keep its expanding international business.
The footwear brand has appointed John Vandemore to serve as CFO. With the appointment, David Weinberg — who had been filling both CFO and COO roles — will be able to focus more attention on the company’s operations in support of its continued growth around the globe. Vandemore will report directly to Weinberg and assume his new position within the next few weeks.
In his ongoing role as COO, Weinberg will continue to be responsible for the day-to-day operations of the company. He will devote particular attention to increasing efficiencies in the international business, which is now the main driver of the brand's overall growth.
“As international now represents more than 50 percent of our total business, we must continue to ramp up operations and infrastructure to meet the demand," stated Robert Greenberg CEO of Skechers. “David (Weinberg) understands how to do it the right way at the right speed to maintain our forward momentum. With John (Vandemore) handling CFO responsibilities, David will now have the bandwidth to travel and find opportunities to maximize our efficiencies around the globe.”
Weinberg has been with Skechers since it was founded in 1992, and was named CFO in 1993 and COO in 2006. He has also served as executive VP and a member of the board.
Incoming CFO Vandemore has served as executive VP and division CFO of Mattel Inc. Prior to that he was the CFO and treasurer of International Game Technology Plc, a computerized gaming machine manufacturer. And he spent 12 years in operations and finance roles at The Walt Disney Company (NYSE: DIS) including five years as VP and CFO of Walt Disney Imagineering.
Sketchers footwear is available in the United States and over 160 countries and territories worldwide via department and specialty stores, along with 2,438 company-owned and third-party-owned Skechers retail stores.
The footwear brand has appointed John Vandemore to serve as CFO. With the appointment, David Weinberg — who had been filling both CFO and COO roles — will be able to focus more attention on the company’s operations in support of its continued growth around the globe. Vandemore will report directly to Weinberg and assume his new position within the next few weeks.
In his ongoing role as COO, Weinberg will continue to be responsible for the day-to-day operations of the company. He will devote particular attention to increasing efficiencies in the international business, which is now the main driver of the brand's overall growth.
“As international now represents more than 50 percent of our total business, we must continue to ramp up operations and infrastructure to meet the demand," stated Robert Greenberg CEO of Skechers. “David (Weinberg) understands how to do it the right way at the right speed to maintain our forward momentum. With John (Vandemore) handling CFO responsibilities, David will now have the bandwidth to travel and find opportunities to maximize our efficiencies around the globe.”
Weinberg has been with Skechers since it was founded in 1992, and was named CFO in 1993 and COO in 2006. He has also served as executive VP and a member of the board.
Incoming CFO Vandemore has served as executive VP and division CFO of Mattel Inc. Prior to that he was the CFO and treasurer of International Game Technology Plc, a computerized gaming machine manufacturer. And he spent 12 years in operations and finance roles at The Walt Disney Company (NYSE: DIS) including five years as VP and CFO of Walt Disney Imagineering.
Sketchers footwear is available in the United States and over 160 countries and territories worldwide via department and specialty stores, along with 2,438 company-owned and third-party-owned Skechers retail stores.