Michael D. Stornant has been promoted to the position of Wolverine Worldwide senior vice president, chief financial officer and treasurer.
Stornant will succeed Donald T. Grimes, who left the company to become executive vice president, chief operating officer and chief financial officer for the Neiman Marcus Group, owned by Ares Management and Canada Pension Plan Investment Board.
Stornant is a 19-year employee of Wolverine and most recently served as vice president of corporate finance, with global responsibility for the company’s corporate accounting, financial planning, tax and credit functions. In his new role, Stornant will report directly to Blake W. Krueger, Wolverine’s chairman, chief executive officer and president, and serve as a member of the company’s executive management team.
“Mike Stornant is uniquely suited to become Wolverine’s new chief financial officer,” said Krueger. “Mike has a long and successful track record at the company, and he possesses deep knowledge and expertise in virtually every financial and operational facet of our global business.”