Rocky Brands is working on a road to recovery. The footwear brand, which reported a net loss of $2.1 million for FY 2016 last month, announced Thursday it has named Thomas Robertson chief financial officer.
Robertson has served as senior financial analyst since joining the company in September 2016. Prior to joining Rocky Brands, he was an audit manager with Deloitte & Touche LLP, and held various audit positions with Schneider Downs & Co. Inc.
“Since joining Rocky Brands, Tom has exhibited tremendous financial leadership and business acumen. The board of directors and I are very confident that he is the right person to serve as our next chief financial officer. I look forward to working closely with Tom to successfully execute our strategic initiatives and return the Company to sustained profitable growth beginning in 2017,” state Mike Brooks, Rocky Brands CEO.
Rocky Brands also announced that its board of directors has approved a new share repurchase program of up to $7,500,000 of the company’s outstanding common stock, no par value per share. The share repurchase program is expected to be completed over the next 12 months.