Birkenstock finance chief Erik Massmann to step down
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FILE PHOTO: A sign is illuminated at the entrance to a Birkenstock shoe store in London, Britain, October 11, 2023. REUTERS/Toby Melville/File Photo
(Reuters) -German shoemaker Birkenstock said on Tuesday Chief Financial Officer Erik Massmann will step down after nearly two years in the role, and will be succeeded by Ivica Krolo.
The company, which also reaffirmed its 2025 forecasts, said Krolo will join on Feb. 1 from investment firm EMH Partners, where he was CFO since 2015.
Prior to that, Krolo worked as a certified public auditor at accounting firm PricewaterhouseCoopers, where he focused on advising listed and mid-sized companies.
Birkenstock saw upbeat demand for its close-toe clogs in fiscal 2024 and forecast a margin recovery in fiscal 2025, owing to customers increasingly shopping for the fresh styles of its pricey footwear.
(Reporting by Anuja Bharat Mistry in Bengaluru; Editing by Devika Syamnath and Janane Venkatraman)
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