Skechers hires John Vandemore as Chief Financial Officer
Skechers on Wednesday announced the appointment of John Vandemore as Chief Financial Officer. Vandemore will assume his new position in the next few weeks.
As CFO, Vandemore will oversee the footwear company’s reporting and filing obligations before the United States SEC and will direct the company’s overall financial policies, including accounting, budget, credit, insurance, tax, and treasury. He will also report to COO David Weinberg, who had previously filled both COO and CFO roles.
Prior to joining Skechers, Vandemore served as EVP and Division CFO of Mattel, CFO and Treasurer of International Game Technology Plc, and spent 12 years at The Walt Disney Company in operations and finance roles.
“With the pace of international growth we’ve been experiencing at Skechers, the addition of John (Vandemore) means I can truly focus more attention on the rapidly growing segments of our international countries, as well as those that we see having strong potential,” said Weinberg.
The California-based company has been experiencing international growth for several fiscal quarters, which has resulted in record-breaking numbers. In the third quarter, the footwear company’s international wholesale business increased 25.7% and contributed to the record net sales of $1.095 billion.
Weinberg continued, “Our success brings with it the challenge of increased pressure on reporting and John’s experience, most notably at The Walt Disney Company and Mattel, is proof that he’ll be an essential asset to me and the senior team moving forward.”
Weinberg had served as CFO of Skechers since 1993, just one year after he joined the company and the company was founded. He was also named COO in 2006. The addition of Vandemore will allow Weinberg to focus more attention on the company’s operations.
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