Crocs (CROX) has released an update to notify the public and investors about its officers.
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Anne Mehlman has been promoted to Executive Vice President and Crocs Brand President, effective May 3, 2024, succeeding Michelle Poole, who will become a Special Advisor. Mehlman’s promotion includes a salary increase to $750,000, eligibility for the company’s annual bonus and long-term incentive plans, and a $4,000,000 equity grant. Concurrently, Michelle Poole has announced her retirement and will serve as a Special Advisor until April 1, 2025, receiving a base salary of $100,000 and health benefits, while her existing equity awards continue to vest.
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For a comprehensive understanding of the announcement, you can read the full document here.