Crocs President and CEO John McCarvel to Retire on or About April 30, 2014

John McCarvel announced his intention to retire as president, chief executive officer and board member of Crocs

on or about April 30, 2014. "It has been an honor to be part of the Crocs global team for the past decade and to lead it since 2010," Mr. McCarvel said. "We've made tremendous progress as a company over these past 10 years – from a one-season, one-shoe, and one-country brand to a diversified, four-season global footwear leader that is on solid financial footing. The investment by Blackstone is a vote of confidence in our company and our brand, and Crocs will benefit from Blackstone's financial, consumer, retail and brand experience and relationships." The board has begun an outside search for Mr. McCarvel's replacement.