News Flash

David Weinberg is new COO of SKECHERS

04 Jan '06

3 min read

Trend-setting footwear leader SKECHERS USA Inc announced that the Company has promoted its Chief Financial Officer David Weinberg to the position of Chief Operating Officer and appointed Fred Schneider, who has been a member of the Company's Board of Directors and Chairman of its Audit Committee, as its Chief Financial Officer.

In addition, Morton D. Erlich has been elected to replace Schneider on the Board of Directors and as Chairman of the Audit Committee.

"In just 13 years, SKECHERS has grown into a phenomenal billion-dollar mega-brand. Strong management team, of which David Weinberg is a key member, has led the Company to this incredible success," began Robert Greenberg, SKECHERS CEO and Chairman of the Board.

Michael Greenberg, SKECHERS' President, stated: "This change in senior management is exciting both for me and the Company. I'm looking forward to working more closely with David (Weinberg) on the strategic growth of domestic and international divisions, and I welcome Fred (Schneider), who previously played an important role on Board of Directors, as new CFO."

"I believe the Company has many growth opportunities in both the short and long term, and I believe have the ideal management team in place to take SKECHERS to the next level from a billion dollar brand into a multi-billion dollar brand. I'm looking forward to another successful 13 years with management team."

As the Chief Operating Officer, Weinberg will be responsible for the day-to-day operations of the Company -- including the planning and directing all aspects of the Company's operational policies, objectives and initiatives, and the attainment of short- and long-term financial and operational goals to ensure future growth.

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