Crocs chief operating and transformation officer steps down
Footwear company Crocs Inc. announced on Friday that Elaine Boltz, executive vice president and chief operating and transformation officer, will leave her position with the company.
Effective October 14, Boltz will be entitled to the payments and benefits as set forth in her employment offer letter with the company. She will also receive a special one-time discretionary lump sum payment of $419,420, less applicable taxes and withholdings.
Lastly, equity awards previously granted to Boltz under the Company’s 2020 Equity Incentive Plan and any other relevant plans will continue to vest or be cancelled in accordance with the terms.
Boltz has served as executive vice president, chief operations and transformations officer since March 2020. She joined Crocs from TJX Companies, Inc., where she served as president of TJX Digital, from 2011 to 2017. Prior to TJX, she led Chicos FAS’ direct-to-consumer businesses, including e-commerce, catalogs and omnichannel initiatives for the company’s portfolio of brands from 2008-2010.
Crocs did not announce a successor on either an interim or permanent basis.
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