On Tuesday, German shoemaker Birkenstock (NYSE: BIRK) said 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 has been CFO since 2015.
Before that, Krolo worked as a certified public auditor at the 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 forecasted a margin recovery in fiscal 2025, owing to customers increasingly shopping for the fresh styles of its pricey footwear.
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