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GOLETA, Calif. - Deckers Brands (NYSE:DECK) has nominated Patrick J. Grismer for election to its Board of Directors at the company’s Annual Meeting of Stockholders scheduled for September 8, 2025. The nomination comes as current board member Dave Powers will retire after more than nine years of service. The company, which InvestingPro data shows has achieved impressive revenue growth of 16.28% over the last twelve months, maintains a perfect Piotroski Score of 9, indicating exceptional financial strength.
Grismer brings over 35 years of financial leadership experience at major consumer companies. He currently serves on Krispy Kreme’s board of directors and recently chaired the board of Panera Brands. His previous experience includes CFO roles at Starbucks Coffee Company, Hyatt Hotels Corporation, and Yum! Brands, along with executive leadership positions at The Walt Disney Company.
If elected, Grismer is expected to join the Audit & Risk Management Committee. Concurrently, Maha S. Ibrahim is expected to transition from this committee to the Corporate Responsibility, Sustainability & Governance Committee if reelected.
"Pat’s financial expertise, strategic vision and proven leadership at some of the world’s most recognizable companies will be immediately additive to our oversight of Deckers’ long-term strategy," said Cindy Davis, Chair of the Board, in the company’s press release.
Powers, who has been with Deckers since 2012 and previously served as CEO and President, will not stand for reelection at the September meeting.
"It has been deeply rewarding to be part of Deckers’ journey since 2012, which has been marked by explosive growth and meaningful contributions to our communities," Powers stated.
Deckers Brands, known for its portfolio of footwear brands including UGG, HOKA, Teva, and AHNU, distributes products in more than 50 countries through department stores, specialty retailers, company-owned retail locations, and online channels.
In other recent news, Deckers Outdoor Corporation reported its financial results for the first quarter of fiscal year 2026, surpassing expectations. The company achieved earnings per share (EPS) of $0.93, significantly higher than the anticipated $0.68. Revenue also exceeded projections, reaching $965 million compared to the expected $900.31 million. These results highlight the company’s strong performance during the quarter. Despite the positive earnings and revenue figures, the stock experienced a decline during regular trading hours. However, it showed a slight recovery in after-hours trading. Investors may find these developments noteworthy as they assess the company’s financial health.
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