Crocs CEO Warns of Struggles in Uncertain Market
Crocs CEO Andrew Rees expresses concern over trade war and Brexit's impact on consumer market, leading to decrease in demand and stock prices.
Andrew Rees is a British business executive best known as the **chief executive officer and director of Crocs, Inc.**, the global casual footwear company. He joined Crocs as **president in 2014** and was appointed **CEO and a member of the board in 2017**.[1][5] Rees has spent more than 25 years in the footwear, retail, and consumer sectors, holding leadership roles that combined strategy, operations, and brand development.[1] Before Crocs, Rees was a **managing director at L.E.K. Consulting**, where he founded and led the firm’s **retail and consumer products practice** and advised major brands, including Crocs itself on a turnaround strategy.[1][3] Earlier in his career he served as **vice president of strategic planning and retail operations at Reebok International** and held corporate roles at **Laura Ashley**.[1][2] He holds an **undergraduate degree from Imperial College London**.[2] At Crocs, Rees is closely associated with the company’s **turnaround and subsequent growth**. After joining during a challenging period for the brand, he helped reshape product strategy, marketing, and global operations, contributing to a transformation from a struggling niche label to a profitable, mainstream footwear group.[3] Under his leadership, Crocs reported **record 2024 revenue of about $4.1 billion, a gross margin of 58.8%, and net income of about $950 million**, and the company’s five‑year total shareholder return ranked in the upper tier of its peer group.[1] Rees is also a significant **equity holder in Crocs**, owning over 1 million shares as of 2024, roughly 1.9% of the company.[3] His **total compensation for 2024 was about $12.4 million**, primarily in stock awards and performance-based incentives.[4] He continues to be a central figure in Crocs’ strategy and public profile as the company expands its global presence.
Crocs CEO Andrew Rees expresses concern over trade war and Brexit's impact on consumer market, leading to decrease in demand and stock prices.