US footwear company Crocs Inc. has appointed Patraic Reagan as its executive vice president and chief financial officer, effective 22nd September. He succeeds Susan Healy, who stepped down from the role on 28th August.
Reagan, who will report directly to chief executive officer Andrew Rees, will oversee the company’s financial strategies, including financial planning and analysis, accounting, treasury, investor relations, tax, and internal audit. He will also join the Crocs executive leadership team.
The new CFO brings nearly three decades of financial and operational leadership experience at major consumer companies. Before joining Crocs, Reagan served as CFO of SharkNinja Inc., and prior to that, spent around 14 years at Nike Inc.
In the announcement, Reagan said he had long admired Crocs for building profitable growth around a cultural icon and saw untapped potential across both the Crocs and HeyDude brands. He added that his global experience leading high-growth brands through disciplined execution would help him work with the leadership team to unlock shareholder value and drive consistent results.
Rees welcomed the appointment, describing Reagan as a seasoned financial professional with a strong track record of delivering profitable growth. He said Reagan’s consumer-focused approach, extensive financial expertise in the footwear sector, and international experience would strengthen the leadership team and support long-term shareholder value creation.
Meanwhile, Crocs reaffirmed its third-quarter financial outlook, first disclosed on 7th August, and warned of a revenue decline of approximately 9% to 11% for the period.
