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Wolverine Worldwide Appoints Tom Long as Lead Independent Director
Rhea-AI Impact
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Rhea-AI Sentiment
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management
Rhea-AI Summary
Wolverine World Wide announces Nicholas T. Long as the new Lead Independent Director, effective November 4, 2022. Long, who has been on the board since 2011, succeeds Dr. David T. Kollat. He brings over 30 years of experience from major brands, including MillerCoors and Coca-Cola. Long's leadership will focus on strategic objectives in brand-building and marketing. The company expresses gratitude to Kollat for his long service since 2007 during critical transitions.
Positive
Nicholas T. Long's appointment brings over 30 years of experience in consumer-focused brands.
Long has previously led major firms, enhancing strategic marketing efforts.
Negative
Transitioning from Kollat's leadership may create temporary continuity concerns.
Consumer brand veteran brings wealth of global boardroom and management experience to leadership position
ROCKFORD, Mich.--(BUSINESS WIRE)--
Wolverine World Wide, Inc. (NYSE:WWW) today announced the appointment of Nicholas T. (“Tom”) Long as Lead Independent Director of its Board of Directors, effective November 4, 2022. Long, a Wolverine Worldwide director since 2011 and current chair of the Compensation Committee, succeeds Dr. David T. Kollat, who will remain on the Board.
(Photo: Business Wire)
Long, 63, is a veteran of multiple consumer-focused brands and brings exceptional global experience from his over thirty-year career. From 2011 until his retirement in 2015, Long served as Chief Executive Officer of MillerCoors LLC, a joint venture between two publicly traded beverage companies. Previously, Long was Chief Executive Officer and Chief Marketing Officer of Miller Brewing Company. Before entering the beer industry, Long spent 17 years at The Coca-Cola Company as President of the Northwest Europe Division, President of the Great Britain and Ireland Division, and in several senior marketing positions.
“We are very pleased to announce Tom’s appointment as our next Lead Independent Director,” said Brendan Hoffman, Wolverine Worldwide’s President and Chief Executive Officer. “He brings an enormous depth and breadth of both boardroom leadership and management experience to the Lead Independent Director role for Wolverine Worldwide. Tom’s expertise in global brand-building, strategic marketing, and consumer-obsessed businesses will be critical in helping to set and deliver against the Company’s strategic objectives.”
“On behalf of the entire Board of Directors, I would like to express our gratitude and deep appreciation to David Kollat for his strong leadership and sound judgement as Lead Independent Director,” said Blake W. Krueger, Executive Chairman of Wolverine Worldwide. “David has served in this role since 2007, as the Company transitioned CEOs, secured multiple transformative acquisitions, and thrived through a variety of differing market conditions.”
Long holds a bachelor’s degree from the University of North Carolina and an MBA from Harvard Business School. He also serves on the Board of Directors of Amcor Limited (NYSE:AMCR) and several private company boards.
ABOUT WOLVERINE WORLDWIDE
Founded in 1883 on the belief in the possibility of opportunity, Wolverine World Wide, Inc. (NYSE:WWW) is one of the world’s leading marketers and licensors of branded casual, active lifestyle, work, outdoor sport, athletic, children's and uniform footwear and apparel. Through a diverse portfolio of highly recognized brands, our products are designed to empower, engage and inspire our consumers every step of the way. The company’s portfolio includes Merrell®, Saucony®, Sweaty Betty®, Sperry®, Hush Puppies®,Wolverine®, Keds®, Chaco®, Bates®, HYTEST®, and Stride Rite®. Wolverine Worldwide is also the global footwear licensee of the popular brands Cat® and Harley-Davidson®. Based in Rockford, Michigan, for more than 130 years, the company's products are carried by leading retailers in the U.S. and globally in approximately 170 countries and territories. For additional information, please visit our website, www.wolverineworldwide.com.
