Wolverine Worldwide has announced appointment of Michael D. Stornant to the position of Senior Vice President, Chief Financial Officer and Treasurer, effective June 12, 2015. He will succeed Donald T. Grimes, who has resigned his position to become Executive Vice President, Chief Operating Officer and Chief Financial Officer for the Neiman Marcus Group.
Stornant is a 19-year veteran of the company and most recently served as Vice President of Corporate Finance, with global responsibility for the company's corporate accounting, financial planning, tax and credit functions. He has held numerous and increasingly significant operations and financial roles within the company over the past two decades, including Vice President and General Manager of the Bates brand, Senior Vice President of Finance and Administration for the Global Operations Group, Vice President of Corporate Planning and Analysis, Senior Vice President of Manufacturing Operations, and Director of Internal Audit. In his new role, Stornant will report directly to Blake W. Krueger, Wolverine's Chairman, Chief Executive Officer and President, and serve as a member of the company's executive management team.
“Mike Stornant is uniquely suited to become Wolverine's new Chief Financial Officer, and I could not be more pleased with this promotion. Mike has a long and successful track record at the Company, and he possesses deep knowledge and expertise in virtually every financial and operational facet of our global business," stated Krueger.
Prior to Wolverine Worldwide, Stornant was a Certified Public Accountant with Ernst & Young.