Crocs Appoints Former Nike Exec Patraic Reagan as Incoming CFO

Crocs has named Patraic Reagan as its new CFO, effective September 22. Reagan previously served as CFO at SharkNinja and held various leadership roles at Nike. He will report directly to CEO Andrew Rees and oversee financial strategies, financial planning, and other departments. Reagan's base salary is $750,000 per year, and he will receive a sign-on bonus of $800,000 and a $3.5 million equity grant. Healy submitted her resignation and will stay on as an advisor through October.

Crocs (NASDAQ:CROX) has appointed Patraic Reagan as the executive vice president and chief financial officer, effective September 22, 2025. Reagan, who previously served as chief financial officer for SharkNinja, will succeed Susan Healy, who tendered her resignation on August 28, 2025, effective immediately. Prior to SharkNinja, Reagan spent around 14 years at Nike [1].

Reagan, 53, will join Crocs on September 22 and report directly to the company’s CEO, Andrew Rees. He will oversee financial strategies, financial planning and analysis, accounting, treasury, investor relations, tax, and internal audit. The appointment comes at a time when Crocs is navigating cautious consumer spending and strategic resets, as reported in their Q3 revenue decline projection of 9%-11% [2].

Reagan’s compensation package includes a base salary of $750,000 per year, a sign-on bonus of $800,000, and a $3.5 million equity grant of time-based restricted stock units that will vest in five parts over a period of up to 36 months. Healy, who will stay on as an advisor through October 31, 2025, will receive a payment of $25,000 on September 5 and $50,000 on October 3, subject to continued employment on each date [2].

Rees stated, “Patraic is a seasoned financial professional with a strong public profile and a track record of delivering consistent, profitable growth. We believe his consumer-centric mindset, robust financial experience in the footwear industry, and his international expertise will complement our leadership team in driving long-term shareholder value.” Reagan expressed admiration for Crocs, noting the company’s potential and his eagerness to drive consistent results for shareholders [2].

References:
[1] https://seekingalpha.com/news/4490383-crocs-taps-patraic-reagan-as-cfo
[2] https://finance.yahoo.com/news/former-nike-exec-patraic-reagan-161151453.html