Global footwear brand Crocs recently named Andrew Rees as the company’s new president. Rees will also temporarily act as principal executive officer until the search process for a permanent new CEO is completed. Rees will report to the Crocs
board of directors. He is expected to join the company officially on or about June 9.
Since John McCavel stepped down as President and CEO of Crocs at the end of April, the board is looking for a permanent replacement.

Andrew Rees has gained experience in various brand management positions throughout his career. Prior to joining Crocs, he worked with LEK Consulting for 14 years, leading the retail and consumer products practice. Within the footwear industry, Rees has held leadership positions at Reebok International.

Thomas J. Smach, Crocs chairman of the board and interim CEO: "Andrew has led the LEK team that has been working closely with us to help develop our strategic plan and we feel that he is best positioned to lead the Crocs' management
team in executing that plan."

Smach further called 2014 a "significant transition period for the company". At the beginning of the year, Crocs closed a   $200 million investment in the brand by Blackstone. Subsequently, Cros has been buying back stock under their previously announced $350 million stock repurchase program.
Regarding the company's future plans, Smach explained: "Andrew's immediate focus will be on improving financial performance, particularly in the Americas and Japan, as well as enhancing our global retail execution. As we increasingly focus on profitable growth and retail excellence, we will moderate the pace of our investments in new retail stores; while remaining resolute on creating long-term value for Crocs shareholders."