VF Corp completes $2.3 bn acquisition of Timberland
14 Sep '11
4 min read
Mark Satkiewcz, 43, will continue to lead Smartwool as President of Smartwool Americas, and remain in Steamboat Springs. He will also report to Rendle.
Each of these leaders will be supported by strong teams of well-established leaders within the Timberland and Smartwool organizations.
Additionally, Carden Welsh, Senior Vice President & Chief Administrative Officer and a member of Timberland's Board of Directors, who has provided critical insight and strategic direction to the company for the past four years, has agreed to stay through December. He will serve as an Executive Advisor to both Rendle and Frisk.
Jeff Swartz is leaving Timberland to pursue other interests. In addition to Swartz, there are two other departures from the company. Carrie Teffner, Vice President and Chief Financial Officer, who has been with Timberland since 2009, will leave the company in September. Danette Wineberg, Vice President, General Counsel and Secretary, is also departing this month, following a 14-year career with the company.
"The Swartz family and the company's leadership team have built strong outdoor brands that share an equally strong commitment to their people, their communities and the environment," Wiseman said. "We thank Jeff, Carrie and Danette for their leadership and all they have done for Timberland, and we wish them great success in the future."
Rendle commented: "We are fortunate to have such a broad and diverse base of exceptional talent within both the Timberland and Smartwool organizations. Combined with the substantial global resources of VF, we have a winning formula for growth." Added Salzburger, "With over half its revenues coming from international markets, Timberland is already well-positioned as a global brand. We look forward to leveraging VF's platforms in both Europe and Asia to drive both the Timberland and Smartwool businesses to new heights."
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