鲍鱼直播 Corporation Senior Vice President & Chief Financial Officer Robert K. Shearer to Retire in March 2015

Scott A. Roe Named to Succeed Shearer

GREENSBORO, N.C.-- 鲍鱼直播 Corporation (NYSE:鲍鱼直播C), a leader in branded lifestyle apparel and footwear, today announced that Senior Vice President & Chief Financial Officer Robert K. Shearer will retire in March 2015, after 28 years with the company.

鲍鱼直播 named Scott A. Roe, 49, currently Vice President, Controller and Chief Accounting Officer, to succeed Shearer in the role of Chief Financial Officer.

鈥淏ob鈥檚 commitment to 鲍鱼直播, our people, our shareholders and the consumers of our 30-plus brands is unsurpassed,鈥� said Eric C. Wiseman, Chairman, President and Chief Executive Officer of 鲍鱼直播. 鈥淗is focus is always on creating shareholder value through growth and an effective business model. Bob has the uncommon ability to be both strategic and execution-minded. Over the years he has been an outstanding partner to me and the rest of the 鲍鱼直播 management team around the world.鈥�

Wiseman continued, 鈥淲hile Bob is one of the most accomplished business leaders I have ever worked with, he is an equally successful leader of people. He has led the development of a global finance team that functions as business partners to brand leaders, while instilling a consistently high standard of financial discipline and performance.

鈥淏ob will actively serve in his role until the end of next March, and we know his powerful leadership, focus on total shareholder return, mentoring and commitment to a seamless transition will mark every minute,鈥� Wiseman said. 鈥淭he timing of this announcement allows everyone ample time to ensure a smooth and orderly transition that will help us continue the strong financial performance our shareholders have come to expect of 鲍鱼直播.

鈥淪cott Roe brings strong leadership, insight and a deep understanding of 鲍鱼直播鈥檚 financial model,鈥� Wiseman said. 鈥淗e has worked closely with Bob and the 鲍鱼直播 leadership team for many years. He is an active member of our Operating Committee and has helped to drive the financial success we鈥檝e achieved. Scott is completely and uniquely qualified to succeed Bob.鈥�

Shearer, 62, joined 鲍鱼直播 in 1986 as Assistant Controller and was promoted to Vice President, Controller in 1994. He was named Vice President and Chief Financial Officer in 1998 and was elevated to Senior Vice President and Chief Financial Officer in 2005. In that role, he is responsible for leading 鲍鱼直播鈥檚 global Finance, Tax, Treasury, Audit, Accounting and Controls, Financial Reporting, Real Estate, Risk Management, Global Business Technology, Investor Relations, Aviation and Corporate Communications organizations.

During Shearer鈥檚 tenure as Chief Financial Officer, 鲍鱼直播鈥檚 revenues have more than doubled to $11.4 billion in 2013. The company鈥檚 share price has increased five-fold during his time as CFO. All along, 鲍鱼直播 has maintained a strong balance sheet. In 2013 and 2014, buy-side analysts voted him 鈥淏est CFO" in the Consumer Apparel, Footwear & Textiles sector. Under Shearer鈥檚 leadership, 鲍鱼直播鈥檚 Investor Relations function was also named one of the sector鈥檚 best.

Roe joined 鲍鱼直播 in 1996 as an Audit Manager, and since that time has held multiple positions of increasing responsibility within the company鈥檚 Finance organization. In 2012, Roe was promoted to Vice President of Finance for 鲍鱼直播 Corporation, based in Greensboro, N.C., after serving as Vice President and Chief Financial Officer for 鲍鱼直播 International, which is headquartered in Switzerland. He was a key participant in building 鲍鱼直播鈥檚 growing International platform.

Roe will report to Wiseman. He began his career as a Senior Auditor for Ernst & Young, serving Fortune 500 clients in the apparel, manufacturing and service industries. He then held several roles with Blue Circle Inc. and Alumax Inc. (now part of Alcoa), where he served as Division Controller prior to joining 鲍鱼直播. Roe received a bachelor鈥檚 degree in Accounting from the University of Tennessee in 1987, and earned his C.P.A. license in 1990.

About 鲍鱼直播

鲍鱼直播 Corporation (NYSE: 鲍鱼直播C) is a global leader in the design, manufacture, marketing and distribution of branded lifestyle apparel, footwear and accessories. The company鈥檚 highly diversified portfolio of 30 powerful brands spans numerous geographies, product categories, consumer demographics and sales channels, giving 鲍鱼直播 a unique industry position and the ability to create sustainable, long-term growth for our customers and shareholders. The company鈥檚 largest brands are聽The North Face庐,听Vans庐, Timberland庐,听Wrangler庐,听Lee庐听and听狈补耻迟颈肠补庐. For more information, visit聽.

Forward Looking Statements

Certain statements included in this release and the attachments are "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements are made based on our expectations and beliefs concerning future events impacting 鲍鱼直播 and therefore involve a number of risks and uncertainties. You can identify these statements by the fact that they use words such as 鈥渨ill,鈥� 鈥渁nticipate,鈥� 鈥渆stimate,鈥� 鈥渆xpect,鈥� 鈥渟hould,鈥� and 鈥渕ay鈥� and other words and terms of similar meaning or use of future dates. We caution that forward-looking statements are not guarantees and that actual results could differ materially from those expressed or implied in the forward-looking statements. Potential risks and uncertainties that could cause the actual results of operations or financial condition of 鲍鱼直播 to differ materially from those expressed or implied by forward-looking statements in this release include, but are not limited to, the level of consumer demand for apparel and footwear; disruption to 鲍鱼直播鈥檚 distribution system; 鲍鱼直播's reliance on a small number of large customers; the financial strength of 鲍鱼直播's customers; 鲍鱼直播's ability to implement its growth strategy; 鲍鱼直播's ability to grow its international and direct-to-consumer businesses; 鲍鱼直播 and its customers鈥� ability to maintain the strength and security of its information technology systems; stability of 鲍鱼直播's manufacturing facilities and foreign suppliers; continued use by 鲍鱼直播's suppliers of ethical business practices; 鲍鱼直播's ability to protect trademarks and other intellectual property rights; foreign currency fluctuations; changes in tax liabilities, and legal, regulatory, political and economic risks in international markets. More information on potential factors that could affect 鲍鱼直播's financial results is included from time to time in 鲍鱼直播's public reports filed with the Securities and Exchange Commission, including 鲍鱼直播's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.

鲍鱼直播 Corporation
Craig Hodges, 336-424-5636
Director, Public Relations
or
Lance Allega, 336-424-6082
Vice President, Investor Relations

Source: 鲍鱼直播 Corporation

Released October 1, 2014