Crocs's CFO Is Leaving After 6 Years With The Company

Crocs Inc. said Chief Financial Officer Jeff Lasher is leaving after six years with the casual footwear company, the last four as CFO. Lasher plans to join boating supplies and accessories retailer West Marine Inc. in November as its CFO. Mike Smith, currently a senior vice president of finance at Crocs, has been named the company's interim CFO, effective Oct. 1. "Mike Smith is a hands-on, strategic business leader with significant senior-level finance and business experience in the footwear and apparel industry," said Chief Executive Gregg Ribatt. Crocs's stock, which was little changed in after-hours trade, has lost 4.9% over the past three months, while the S&P 500 has declined 5.3%.