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Skechers CFO Resigns

COO David Weinberg to take on additional responsibilities.

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skechers

A Skechers retail store.

Photo By Courtesy Photo

Fred Schneider, CFO at Skechers USA Inc., has resigned from his post, effective February 2010, to pursue other interests.
 
The Manhattan Beach, Calif.-based company announced the news early Wednesday and said David Weinberg, Skechers’ COO, will assume the additional CFO responsibilities. Weinberg had served as CFO for the company before Schneider was named to the position in 2006.
 
“Fred has made significant contributions to Skechers, and most notable was his recent leadership and hard work in securing our $250 million, syndicated credit facility,” Weinberg said in a statement. “His influence has been felt in the accuracy and strength of our financial reporting. And with the company’s large cash balance and strong balance sheet, the executive management team is confident that we are in a great position to further grow our business.”
 
Schneider served on Skechers’ board of directors and as chairman of the audit committee for two years prior to becoming CFO, and has also held senior roles at Pasadena Capital Partners, Leonard Green & Partners and KPMG LLP.