- After about eight years in the position
- Praise, thanks and good wishes for Powers
- Stefano Caroti taking over
- Powers said 100 words
(exechange) — Goleta, California, February 1, 2024 — Dave Powers, chief executive of Deckers, leaves his position. As announced by Deckers Outdoor Corp. in a news release and in a regulatory filing published on Thursday, February 1, 2024, Dave Powers leaves his post as chief executive officer at the footwear designer doing business as Deckers Brands, after about eight years in the role, effective August 1, 2024.
Dave Powers’s duties as CEO will be taken over by Stefano Caroti, currently Chief Commercial Officer at Deckers Outdoor Corp.
“Thorough succession planning process”
The planned management change is explained as follows. Deckers stated: “Stefano Caroti, the Company’s Chief Commercial Officer, will be appointed President and Chief Executive Officer, effective upon Powers’ retirement. His appointment follows a thorough succession planning process conducted by the Board, assisted by a leading executive search firm.”
Precise information regarding Dave Powers’s future plans was not immediately available.
“Retire”
Deckers said: “Dave Powers has decided to retire as President and Chief Executive Officer, effective August 1, 2024.”
Share price increase since February 2019
The announcement follows an increase in Deckers Outdoor Corp.’s share price of 431% since February 2019.
In the position of CEO since 2016
Dave Powers became CEO of the Company in 2016.
Powers is expected to continue serving as a member of the Company’s Board of Directors (the “Board”) through the 2025 Annual Meeting of Stockholders.
Powers became the Company’s Chief Executive Officer in June 2016 and joined the Company’s Board at that time.
Powers joined the Company as President of Direct-to-Consumer in August 2012.
He was appointed President of Omni-Channel in January 2014 and was appointed President in March 2015. Prior to joining the Company, Powers held several executive leadership roles at Converse Inc. (a subsidiary of NIKE, Inc.), Timberland LLC and Gap Inc. (NYSE: GPS).
In May 2022, he joined the board of directors and currently serves on the audit committee of Solo Brands, Inc. (NYSE: DTC).
100 words by Dave Powers
In the release announcing his departure as CEO of Deckers Outdoor Corp., Dave Powers received praise, thanks and good wishes.
In announcing his departure, Dave Powers said 100 words.
“Into the future with Stefano at the helm”
Dave Powers stated: “Serving as CEO of Deckers has been a great honor, and I am incredibly proud of our accomplishments to date. Since joining Deckers in 2012, we have experienced explosive growth driven by incredible – and still increasing – brand heat across UGG and HOKA. Our organization has proven to be incredibly resilient, and we have worked with agility to continuously achieve our goal of doing good and doing great. I’m confident Deckers will continue to excel throughout this transition and into the future with Stefano at the helm, and I wish all my colleagues the best as we begin our next chapter.”
Push-out Score for Dave Powers’s move determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Dave Powers’s move on a scale of 0 to 10.
Read the full story in the exechange report 6.2024 ($).