Retail: 75
1.21%
Retail: 188
0.04%
Mon, Aug 28, 2017
Vol 1, Issue No. 33

Executives on the Move
Callaway Names GM for Jack Wolfskin N.A.

Diana Seung, an outdoor industry veteran who has served as interim executive director of Camber Outdoors since mid-February, will be the first North American general manager of Jack Wolfskin based in Salt Lake City. Callaway acquired the German company in December 2018 for $476 million and is aiming to grow the European outdoor lifestyle brand to $400 million in annual revenues and $50 million EBITDA over the next few years, partly by a establishing a larger North American presence. At the time of acquisition, Callaway CEO Chip Brewer said Callaway would invest in Wolfskin’s operations and marketing among other areas and suggested the company may have been “under resourced” in recent years. Producing both active outdoor (ski, hiking, cycling) and urban outdoor apparel and footwear, Wolfskin generated approximately $380 million in revenues and $40 million in adjusted EBITDA for the 12 months ended Dec. 2018. Apparel accounted for 77 percent of the topline, followed by footwear (13%) and equipment (10%).

In other personnel developments last week:

  • Retailer Shoe Carnival reshuffled its executive suite. Cliff Sifford, President and CEO of the retailer since Oct. 2012, drops the president title and responsibilities and becomes Vice Chairman of the Board. Also, Mark Worden moves to president and chief customer officer from EVP- chief strategy and marketing officer, and Tim Baker is moved into a newly created position as EVP-chief retail operations officer.
  • Fanatics taps Mich Chandlee, a former 18-year Nike executive, as CFO based in the company’s West Coast HQ reporting to CEO Doug Mack.
  • Caleres hires Angela Bass, a former Collective Brands and Bauer Nike Hockey executive, as chief human resources officer.
  • Nordstrom moves Ken Worzel to a new position as Chief Operating Officer from chief digital officer and president of Nordstrom.com.
  • U.K.-based Pentland Brands gives Richard Newcombe, president of its footwear division, additional responsibilities as president of the EMEA region and moves current COO Chirag Patel to deputy CEO. A yet-to-be-hired Chief Marketing Officer will report to Patel.