Stefano Caroti Becomes President and CEO of Deckers Brands Following Dave Powers’ Decision to Retire

Deckers Brands (NYSE: DECK) disclosed Dave Powers’ decision to retire from his role as President and Chief Executive Officer, effective August 1, 2024. Powers is anticipated to remain an active member of the Company’s Board of Directors until the 2025 Annual Meeting of Stockholders. Stefano Caroti, the Company’s Chief Commercial Officer, is slated to assume the positions of President and Chief Executive Officer upon Powers’ retirement.

This appointment follows a meticulous succession planning process conducted by the Board, supported by a prominent executive search firm. Deckers also envisions Caroti’s nomination as a Board member at the 2024 Annual Meeting of Stockholders.

Mike Devine, Chairman of the Board, expressed his gratitude for Dave Powers’ contribution throughout the years, while Powers said it was his honor to collaborate with the team. Devine also welcomed Caroti to the position of President and CEO. At the same time, Caroti is eager to assume his new tasks.

Caroti boasts over 32 years of industry experience encompassing general management, sales, retail, product, marketing, business strategy, and brand management. He became Chief Commercial Officer at Deckers in April 2023, following nearly eight years as the Company’s President of Omni-Channel and serving as Interim President of HOKA. Before joining Deckers, Caroti held the positions of CCO and managing director at PUMA and occupied several senior executive roles at NIKE, Inc., including vice president of EMEA commerce, vice president of EMEA footwear, and general manager for Germany and Italy. Caroti graduated with honors from Middlebury College with a B.A.

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