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Analysts ‘upbeat’ over new Wolverine CEO

Published: 14th Aug 2023

Author: Tony Dickson - S&V Editor

Footwear News reported last week that the appointment of new Wolverine Worldwide CEO Christopher Hufnagel – following the “sudden firing” of Brendan Hoffman – had analysts “feeling overall positive about the leadership change”.

“In the wake of the move, which occurred in tandem with a weak earnings report for the second quarter and a downgraded full-year outlook, analysts appeared overall positive about Hufnagel’s ability to help ignite growth for the company, which owns the Saucony, Merrell, Sperry and Sweaty Betty brands, among others.”

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