Glendale-based Weyco Group Inc. has named Judy Anderson as its next chief financial officer after longtime CFO John Wittkowske announced plans to retire.
The transition will take place as of May 6, 2022.
Anderson has been with Weyco Group, which designs, markets and distributes primarily men’s footwear under a number of brands, since 1996 and held various financial leadership roles. She has been the company’s vice president of finance and treasurer for the past 17 years. Anderson worked in the Milwaukee audit practice of KPMG prior to joining Weyco.
Wittkowske has been Weyco’s CFO since 2002.
The company also reported earnings this week, including net sales of $61.8 million, up 16.2% from last year. Net income improved from a nearly $5.9 million loss to a $5.1 million profit.
Weyco’s third quarter in 2020 was significantly impacted by the COVID-19 pandemic and the business is continuing to recover. Net sales for the quarter were 75% of 2019 levels and consolidated operating earnings were at 80% of 2019 levels.
“We are excited about the trajectory of our business, as we are seeing strong demand across all of our brands,” said Thomas W. Florsheim, Jr., chairman and chief executive officer of Weyco Group. “Our wholesale business posted solid results for the third quarter despite being challenged by supply chain delays, and our retail segment achieved record sales and earnings, largely driven by e-commerce growth. So far in the fourth quarter, we’ve seen a vast improvement in the flow of our products into the U.S., which will enable us to fulfill much of the increased demand through the end of the year and into 2022.”