Producer Crocs Inc. Carlo announced the appointment of Gregg Ribatt as chief executive on Monday.

At the age of 46, Gregg Ribatt has over 20 years experience in footwear and apparel consumer goods industry. She has been a Spanx Inc., footwear manufacturer, Collective Brands Inc. (Sperry, Keds, etc.) and high-end brand.

Brand Stuart Weitzman Holdings LLC CEO.

He is also a senior consultant at Blackstone Group LP Blackstone Group, a private equity giant. In January of this year, Blackstone Group LP black stone shares Crocs Inc. Carroll and was placed in the board of Crocs Inc. karlow.

Inc. Carol's CEO John McCarvel announced her resignation at the end of 2013, and was formally appointed by Thomas Smach, chairman of the board of directors, after the official departure in April 30, 2014.

In May of this year, Andrew Rees was appointed president of the group and replaced Thomas Smach as temporary CEO.

The Gregg Ribatt will take office at the end of January 2015 with a basic annual salary of $950 thousand.

In a statement on Monday, Thomas Smach welcomed Gregg Ribatt as chief executive and pointed out that under its leadership, the group will accelerate restructuring and pformation.

In the three quarter ended September 30th, the group achieved a net profit of US $15 million 800 thousand, an increase of 21.5% over the same period last year, ending 5 consecutive quarters of decline.

Diluted earnings of $0.12 per share, excluding restructuring expenses and non recurrent expenditure, were $0.30, far exceeding the market forecast of $0.14.

Revenue grew 4.8% to $302 million over the previous year, higher than the market forecast of $298 million, but China and Asian businesses continued to slack.

Gross profit margin contracted by 190 basis points to 51.3% over the same period last year.

Crocs Inc. closed at $12.16 on Monday, a 0.25% rise all day.

The stock has fallen by more than 23% in 2014.