Wolverine World Wide advances transformation initiatives

Wolverine World Wid announced strategic actions that further focus the Company’s portfolio and advance its ongoing transformation into a consumer-obsessed growth company. “We’ve taken fast, bold, and decisive actions to stabilize the Company today, while working to transform Wolverine Worldwide for the future,” said Chris Hufnagel, President and Chief Executive Officer. “Our actions over the past four months have served to simplify our business model, reduce our cost structure, and strengthen our balance sheet. While our work isn’t done, we enter the new year with a clear vision for the future, enhanced ability to invest in our brands and platforms, and ultimately, a better position to deliver stronger returns for our shareholders.”