Wolverine World Wide names new chief legal officer

ROCKFORD, MI – Wolverine World Wide, Inc. (NYSE: NYSE:), a global leader in branded footwear and apparel, announced the appointment of Dave Latchana as chief legal officer and corporate secretary. Latchana, a long-serving member of the firm with nearly 16 years of experience, will be responsible for legal, compliance, corporate communications, risk management, ESG and security and loss prevention functions.

Latchana joined Wolverine Worldwide in 2008 as corporate counsel and has since held several senior positions, including deputy general counsel and assistant secretary. Prior to his current role, he served as vice president of compensation, global benefits and corporate communications from 2021 to 2024.

Wolverine Worldwide President and CEO Chris Hufnagel praised Latchana's leadership and comprehensive knowledge of the company's business and industry. Hufnagel expressed confidence in Latchana's ability to contribute to the company's ongoing transformation plans through its legal and industry expertise.

In response to the appointment, Latchana said she was honored to continue her career at Wolverine Worldwide and eager to support the company's strategy and potential, citing the company's brand portfolio and collaborative culture.

Founded in 1883, Wolverine World Wide, Inc. has a diverse product portfolio including Merrell®, Saucony®, Sweaty Betty®, Hush Puppies®, Wolverine®, Chaco®, Bates®, HYTEST® and Stride Rite®. The company also holds global footwear licenses for Cat® and Harley-Davidson (NYSE:)®.

With a history of more than 140 years, Wolverine Worldwide's products are distributed by leading retailers in the United States and approximately 170 countries and territories around the world.

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This announcement is based on a press release from Wolverine World Wide, Inc.

Investment Professional Insights

Amid a strategic leadership change at Wolverine World Wide, Inc. (NYSE: WWW), investors and market watchers are keeping a close eye on the company's financials and stock performance. According to live data from InvestingPro, Wolverine World Wide is currently grappling with some challenging financial metrics. The company's market capitalization is $857.44 million, reflecting its size in the branded footwear and apparel market. However, taking a closer look at the company's profitability, the price-to-earnings ratio (P/E) is -21.08, indicating that the company has been facing losses in the recent past.

InvestingPro Tips suggests that Wolverine World Wide expects net profit to grow this year, which could mark an improvement from previous results. In addition, the company has maintained its dividend for 37 consecutive years, demonstrating its commitment to shareholder returns despite recent financial pressures. This flexibility in dividend payments may give confidence to investors looking for stable income. Meanwhile, analysts have lowered their profit forecasts for the period ahead, suggesting the company could face potential headwinds.

Looking at stock performance, Wolverine World Wide has experienced significant gains over the past six months with a total return of 35.98% and a strong return of 29.5% over the past three months. The recent momentum may attract investors looking for growth opportunities, but it's worth noting that the company's shares currently trade at 60.17% of its 52-week high, reflecting some volatility in the market's valuation of the company.

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