The $67 million investment in Allopneus will help Michelin better understand online tire buyers, the tire maker says.
Sportswear manufacturer Cutter & Buck, which has been selling direct to consumers online since 2000, has named Ernie Johnson as CEO as part of a reorganization resulting from the resignation of former CEO Tom Wyatt.
Sportswear manufacturer Cutter & Buck, which has been selling direct to consumers online since 2000, has named Ernie Johnson as CEO as part of a reorganization resulting from the resignation of former CEO Tom Wyatt, who left the company in February to head GapBody.
Cutter & Buck also named former Nordstrom executive Kaia Akre as president, Michael Gats as vice president and chief financial officer, and Jon Runkel as vice president of global sourcing and distribution.
Johnson joined the company in November 2002 as vice president and chief financial officer. He has more than 30 years of experience in finance and operations, including serving as senior vice president, chief operating officer and chief financial officer for Washington Mutual Inc.’s commercial banking division.
“The financial stability Cutter & Buck enjoys is due in large part to the exceptional work performed by Ernie Johnson over the last four years,” says Doug Southern, chairman. “His appointment as CEO and as a member of the board is a logical move for the company and allows us to continue to benefit from his considerable talent and his valued leadership.”
Akre joined Cutter & Buck in January to oversee the company’s strategic marketing initiatives. At Nordstrom, she held a variety of positions in the product development division.
Gats joined Cutter & Buck in 1999 as director of retail finance and served as controller and director of reporting and analysis. Runkel joined the retailer in 1995, serving as director of operations and vice president of production and international business.