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Empresas y finanzas

Crocs appoint Gregg Ribatt as CEO


    (Reuters) - Crocs Inc , known for its colorful clog shoes, said it appointed Gregg Ribatt as chief executive, effective late January 2015.

    The company had said it would hire a CEO with a focus on earnings growth after John McCarvel retired in April.

    Ribbatt would be paid an annual base salary of $950,000, the company said on Monday.

    Up to Monday's close, the Niwot, Colorado-based company's stock has fallen more than 23 percent this year.

    (Reporting by Nayan Das in Bengaluru; Editing by Joyjeet Das)