GOLETA, Calif.--(BUSINESS WIRE)--Sep. 11, 2009--
Deckers Outdoor Corporation (NASDAQGS: DECK) today announced the
appointment of Thomas A. George as Chief Financial Officer, effective
today.
Mr. George has over thirty years of experience in corporate finance and
accounting, having served in a number of senior level positions with
both public and private companies. Mr. George joins Deckers Outdoor
Corporation from Ophthonix, Inc., where he served as Chief Financial
Officer since February 2005. Prior to Ophthonix, Mr. George spent more
than 7 years as Chief Financial Officer for publicly held Oakley, Inc.,
now a division of Luxottica Group S.p.A. (NYSE:LUX). In this role, Mr.
George led all aspects of the company’s financial operations and was
instrumental in establishing a global infrastructure to support
international expansion. Earlier in his career, Mr. George held
positions at Loral Corporation, International Totalizator Systems, Remec
Corporation and Coopers and Lybrand. Mr. George is a graduate of the
University of Southern California.
Angel Martinez, President and Chief Executive Officer of Deckers Outdoor
Corporation, commented: “We are very pleased to have attracted a
candidate with Tom’s background and level of expertise. Tom brings to
his new position a strong financial skill set, a great base of
leadership experience, and a solid reputation within the investment
community. Tom is joining Deckers during an important time in the
development of the Company and I am confident he will be an invaluable
asset as we look to increase our domestic penetration and expand our
presence overseas.”
Deckers Outdoor Corporation strives to be a premier lifestyle
marketer that builds niche brands into global market leaders by
designing and marketing innovative, functional and fashion-oriented
footwear developed for both high performance outdoor activities and
everyday casual lifestyle use. Teva®, Simple® Shoes, UGG® Australia,
TSUBO®, and Ahnu® are registered trademarks of Deckers Outdoor
Corporation.
This news release contains statements regarding our expectations,
beliefs and views about our future financial performance which are
“forward-looking statements” within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. Forward-looking statements can be
identified by the use of words such as "believe," "expect,"
"anticipate," "intend," "plan," "estimate," "project," or future or
conditional verbs such as "will," "would," "should," "could," or "may"
or by the fact that such statements relate to future, and not just
historical, events or circumstances, including statements related to
anticipated revenues, expenses, earnings, operating cash flows, the
outlook for the Company's markets and the demand for its products. The
forward-looking statements in this news release regarding our future
financial performance are based on currently available information as of
the date of this release, and because our business is subject to a
number of risks and uncertainties, some of which may be beyond our
control, actual operating results in the future may differ materially
from the future financial performance expected at the current time.
Those risks and uncertainties include, among others: the continued
decline of the global economy, our ability to anticipate fashion trends,
consumer demand or inventory needs; whether the UGG brand will continue
to grow at the same rate it has experienced in the recent past;
impairment charges related to our brand’s intangible assets if our
product sales or operating performance decline to a point that the fair
value of our brands’ intangible assets do not exceed their carrying
values; shortages or price fluctuations of raw materials that could
interrupt product manufacturing and increase product costs; increased
costs of manufacturing in China and actions by the Chinese government;
currency fluctuations; our ability to implement our growth strategy; the
success of our customers, their ability to perform in an adverse
economic environment and the risk of losing one or more of our key
customers; our ability to develop and protect our brands and
intellectual property; the risk that counterfeiting can harm our sales
or our brand image; our dependence on independent manufacturers to
supply our products; the risk that retailers could postpone or cancel
existing orders; unpredictable events and circumstances and currency
risks related to our international operations; a downturn in key market
economies; volatile credit markets; liquidity and market risks for our
cash equivalents and short-term investments; the risk of losing key
personnel; a delay or interruption in the delivery of merchandise to our
customers, and the sensitivity of our sales to seasonal and weather
conditions. Certain of these risks and uncertainties, as well as others,
are more fully described under the heading “Risk Factors” in the
Company’s Annual Report on Form 10-K for the fiscal year ended December
31, 2008, which we filed with the Securities and Exchange Commission on
March 2, 2009. Readers are cautioned not to place undue reliance on
forward-looking statements contained in this news release, which speak
only as of the date of this release. The Company undertakes no
obligation to publicly release or update the results of any revisions to
forward-looking statements, which may be made to reflect new
information, events or circumstances after the date hereof or to reflect
the occurrence of unanticipated events. The risks and uncertainties
highlighted herein should not be assumed to be the only items that could
affect the future performance or valuation of the Company.
Source: Deckers Outdoor Corporation
Deckers Outdoor Corporation
Zohar Ziv, 805-967-7611
Chief
Operating Officer
or
Investor Relations:
ICR, Inc.
Chad
A. Jacobs / Brendon Frey, 203-682-8200