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.

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