John Duerden served as the CEO of Crocs, Inc. from March 2009 to March 2010, stepping in during a crucial time for the company. With a background that includes leadership roles at major companies like Reebok and Dictaphone, Duerden brought...
John Duerden served as the CEO of Crocs, Inc. from March 2009 to March 2010, stepping in during a crucial time for the company. With a background that includes leadership roles at major companies like Reebok and Dictaphone, Duerden brought valuable management experience to Crocs. He was appointed as the CEO shortly after joining the board of directors, evidencing a bold move to bring fresh leadership to the brand. During his tenure, he designed a compensation package aimed at aligning executive performance with shareholder interests. Notably, Duerden had a lucrative compensation plan, receiving a total of $2.6 million in 2010, which included a substantial severance payout of approximately $1.8 million after his retirement. This payout came after he accelerated stock options worth about $1.7 million due to his retirement before the performance metrics were met. Interestingly, his time at Crocs was marked by a major stock grant of 400,000 shares, showcasing the company’s commitment to incentivizing long-term leadership. Duerden’s departure was not due to disagreement; it was personal. He continued his involvement in the business scene beyond Crocs, indicating a mindset that embraces constant evolution and adaptability.