Saucony unveils top management changes
U.S. sports shoe manufacturer Saucony Inc. has announced a series of changes at boardroom level combined with a new reporting structure in a drive for efficiency.
The company, based in Peabody, Massachusetts, said that chief financial officer Michael Umana would be given the extra roles of chief operating officer and treasurer. Charles Gottesman, who previously held the post of chief operating officer and treasurer, is to become vice chairman and executive vice president for business development.
Saucony's products include the athletic shoe brands Saucony and Spot-bilt, and sportswear under the brand name Hind. The company's shares closed Monday 16 July up 2.24%, or 14 cents, at $6.40 on the Nasdaq market.
