In connection with the acquisition, Jeffrey Silverman, Founder and CEO of Compo Enhancements, has been appointed President of Steven Madden, Ltd. Mr. Silverman, who founded Compo Enhancements in 2005, has 23 years of experience in the footwear industry. Prior to founding Compo Enhancements, he founded a number of successful footwear businesses, including The Preschoolians Company, an online children's footwear company; The Custom Foot, a vertically integrated retailer of customized, made-to-order footwear; and Toddler University, a children's footwear company that was later sold to Genesco.
During his career in footwear, Mr. Silverman also served as a consultant to Florsheim and New Balance and held management positions with Timberland Kids, Ecco Kids Footwear and Nike's Infant Footwear Line. He graduated from Wesleyan University.
Rob Schmertz, Brand Director of Steven Madden, Ltd., stated, "Jeff is a seasoned footwear executive with an entrepreneurial background that is a perfect fit for Steve Madden. Jeff's experience in the retail and footwear industries will be a significant asset as we continue the Company's growth. We welcome the added leadership he brings to our management team and look forward to his contributions to the Company."
Mr. Silverman commented, "I am delighted to join Steven Madden Ltd as President and work with the other talented members of the Company's management and creative teams. Steven Madden Ltd has established itself as a leader in the footwear industry by developing cutting-edge brands and styles that consistently excite consumers. I believe my experience and skill set will complement the Company's efforts as it continues to grow and I look forward to playing a role in Steve Madden's future achievements."
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