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Wolverine Worldwide Appoints Brett Parent as Chief Strategy Officer

1. Brett Parent appointed Chief Strategy Officer effective February 3, 2025. 2. He will oversee enterprise strategy and global growth opportunities. 3. Parent has two decades of experience within Wolverine Worldwide. 4. Company aims for enhanced eCommerce growth under his leadership. 5. Parent's role supports previous turnaround efforts of the Company.

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Why Bullish?

Brett Parent's appointment indicates strategic focus. Historical comparisons show leadership changes improve company performance.

How important is it?

The appointment of a new Chief Strategy Officer is significant for strategic direction. This is crucial for stock performance and investor confidence.

Why Long Term?

Strategic leadership is vital for sustainable growth. Past leadership changes positively influenced long-term stock performance.

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WWW
February 11, 2025 04:15 PM Eastern Standard Time ROCKFORD, Mich.--(BUSINESS WIRE)--Wolverine World Wide, Inc. (NYSE: WWW) today announced the appointment of Brett Parent as Chief Strategy Officer, effective February 3, 2025. In this newly created role, Mr. Parent will be responsible for developing and driving the Company’s enterprise strategy, along with assessing growth opportunities for the Company’s brand portfolio across a global footprint spanning 170 countries and territories. In addition to leading the Strategy function and team, Mr. Parent will also oversee the Company’s Consumer Marketing team – responsible for supporting enterprise-wide eCommerce growth initiatives across the portfolio. He will continue reporting directly to Chris Hufnagel, President and CEO of Wolverine Worldwide, and serve on the Company’s Executive Team. Mr. Parent joined Wolverine Worldwide’s Direct-to-Consumer division almost two decades ago and has since held a variety of increasingly significant leadership roles across the organization – both in brand and corporate functions – most recently serving as Vice President of Strategy. “In his time with the Company, Brett’s seen virtually every aspect of our global operations and he has a long track record of success in both building great teams and driving the business,” said Chris Hufnagel, President and CEO of Wolverine Worldwide. “Perhaps most importantly, Brett has been a key architect, trusted advisor, and integral leader of our Company’s turnaround effort over the past 18 months. We look forward to continuing to benefit from his deep experience and strong partnerships to help identify and drive our strategic objectives and deliver better returns for our shareholders.” “I am honored and grateful to serve as the Company’s first Chief Strategy Officer. We have great brands with tremendous opportunity, and I look forward to building on our current momentum with the global teams to realize Wolverine Worldwide’s full potential around the world,” said Mr. Parent. ABOUT WOLVERINE WORLDWIDE Founded in 1883, Wolverine World Wide, Inc. (NYSE:WWW) is one of the world’s leading designers, marketers, and licensors of branded casual footwear and apparel, performance outdoor and athletic footwear and apparel, kids’ footwear, industrial work boots and apparel, and uniform footwear. The Company’s portfolio includes Merrell®, Saucony®, Sweaty Betty®, Hush Puppies™, Wolverine®, 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 140 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.

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