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ROCKFORD, MI - Wolverine World Wide, Inc. (NYSE:WWW), currently valued at $1.15 billion and maintaining a 38-year streak of dividend payments, has announced a strategic shift in its international management structure, which will result in the departure of Isabel Soriano, the company’s President of the International Group, effective March 3, 2026. This decision is part of the company’s broader initiative to bring its global commercial operations closer to its Merrell and Saucony brands. According to InvestingPro analysis, the company currently shows FAIR financial health with a score of 2.01 out of 3, suggesting stable operational conditions during this transition.
The company disclosed in a recent SEC filing that Soriano’s position is being eliminated as Wolverine World Wide reorganizes its leadership. Regional brand leaders will now report directly to their respective global brand leaders, and the responsibility for the company’s third-party distributor and licensee businesses will be consolidated.
In preparation for the transition, Wolverine World Wide has entered into a settlement agreement with Soriano, which includes a release of claims against the company, a cash payment equivalent to one year of Soriano’s base salary post-termination, and a repatriation payment of £300,000. Additionally, Soriano has agreed to non-compete and non-solicitation covenants for seven months and one year, respectively, after her departure.
The settlement also provides for the continued vesting of Soriano’s unvested equity awards for eight months following her termination. The company retains the right to place Soriano on leave at any point before her termination date, during which she would continue to receive her salary, benefits, and remain eligible for bonus payments and equity award vesting.
Details of the settlement agreement will be included in the company’s upcoming quarterly report for the period ending March 29, 2025. This reorganization reflects Wolverine World Wide’s commitment to aligning its operations more closely with its brand strategies.
The information reported is based on the company’s latest Form 8-K filing with the SEC.
In other recent news, Wolverine World Wide reported its fourth-quarter 2024 earnings, with an earnings per share (EPS) of $0.42, meeting analyst expectations. The company achieved a revenue of $495 million, slightly surpassing the forecast of $492.12 million. Despite these results, the company’s guidance for fiscal year 2025 fell short of market expectations, contributing to a decline in stock value. Analysts from UBS, Telsey Advisory Group, and Stifel have adjusted their price targets for Wolverine World Wide, reflecting differing perspectives on the company’s future performance. UBS lowered its price target to $26 while maintaining a Buy rating, citing the company’s potential for earnings growth despite short-term challenges. Telsey reduced its target to $17, maintaining a Market Perform rating, and noted the company’s uneven brand performance and macroeconomic challenges. Stifel set a new target of $27, also maintaining a Buy rating, and expressed optimism about Wolverine’s balance sheet management and conservative guidance. These developments highlight Wolverine World Wide’s ongoing efforts to stabilize and grow its business amid market fluctuations.
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