Weyco Announces Retirement of John F. Wittkowske as CFO; Judy Anderson Named Successor

Rhea-AI Summary

Weyco Group, Inc. (NASDAQ: WEYS) announced the retirement of Senior Vice President and CFO John F. Wittkowske, effective May 6, 2022. He will be succeeded by Judy Anderson, who joined the Company in 1996 and has extensive financial experience, including her most recent role as Vice President of Finance and Treasurer. Weyco designs and markets quality footwear under recognized brands such as Florsheim and Nunn Bush, with products available in various retail channels worldwide.

Positive

• Judy Anderson's appointment as CFO reflects internal promotion, potentially ensuring continuity in financial management.
• Anderson has 25 years of experience with the company, which may enhance investor confidence.

Negative

• Retirement of a long-standing CFO may introduce uncertainty during the transition period.
• -

Milwaukee, WI, Nov. 02, 2021 (GLOBE NEWSWIRE) -- (Milwaukee, Wisconsin---November 2, 2021) Weyco Group, Inc. (NASDAQ: WEYS) (“Weyco” or the “Company”) today announced that John F. Wittkowske (age 62), the Company’s Senior Vice President, Chief Financial Officer and Secretary, will retire effective May 6, 2022. Mr. Wittkowske will be succeeded as the Company’s Chief Financial Officer and Secretary by Judy Anderson (age 54).

Ms. Anderson will report directly to Thomas W. Florsheim, Jr., the Company’s Chairman and Chief Executive Officer. Ms. Anderson, a Certified Public Accountant, joined the Company in 1996 and has held various financial leadership roles, including, most recently, Vice President of Finance and Treasurer where she has served for the past 17 years.  Prior to joining Weyco, Ms. Anderson worked within the Milwaukee audit practice of KPMG.

About Weyco Group:

Weyco Group, Inc., designs and markets quality and innovative footwear principally for men, but also for women and children, under a portfolio of well-recognized brand names including: Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters, and Forsake. The Company’s products can be found in leading footwear, department, and specialty stores, as well as on e-commerce websites worldwide.  Weyco Group also operates Florsheim stores in the United States and Australia, as well as in certain international markets.

FAQ

Who is the new CFO of Weyco Group, Inc.?

Judy Anderson will become the new CFO of Weyco Group, effective May 6, 2022.

When is John F. Wittkowske retiring from Weyco Group?

John F. Wittkowske is retiring effective May 6, 2022.

What companies does Weyco Group, Inc. market products for?

Weyco Group markets footwear under brands like Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters, and Forsake.

How long has Judy Anderson worked at Weyco Group, Inc.?

Judy Anderson has worked at Weyco Group for 25 years.

What type of products does Weyco Group, Inc. specialize in?

Weyco Group specializes in designing and marketing quality footwear.