Skechers has announced John Vandemore as its new chief financial officer, a move meant to allow acting CFO and COO David Weinberg to focus more on the company’s operations.
Vandemore will report directly to Weinberg, taking on the new role within the next few weeks.
Vandemore makes the move to Skechers after working at Mattel and The Walt Disney Company. In his new role, Vandemore will be responsible for overseeing the company’s reporting and filing obligations before the U.S. Securities and Exchange Commission, and spearhead the overall financial policies for the company.
“With the pace of international growth we’ve been experiencing at Skechers, the addition of John (Vandemore) means I can truly focus more attention on the rapidly growing segments of our international countries, as well as those that we see having strong potential,” Weinberg said. “Our success brings with it the challenge of increased pressure on reporting and John’s experience, most notably at The Walt Disney Company and Mattel, is proof that he’ll be an essential asset to me and the senior team moving forward. Further, I believe John will be key in ensuring that our financial strategy supports growth efficiency in tune with meeting our ongoing filing obligations.”
While Vandemore takes on the role as CFO, Weinberg will continue on in his position as COO, where he is responsible for the day-to-day operations for Skechers. He plans to pay particular attention to increasing efficiencies in the international business as it continues to be a main source of overall growth for the company. Weinberg has held a number of executive roles with Skechers since the company began in 1992, from executive vice president to a member of the Skechers’ board of directors.
“With John (Vandemore) handling CFO responsibilities, David will now have the bandwidth to travel and find opportunities to maximize our efficiencies around the globe. We’re fortunate to have both of these talented executives on our team, and believe this bolstering of our executive team will allow us to continue to profitably grow,” said CEO Robert Greenberg.