Phoenix Footwear Group Inc. has a new financial leader.
The Carlsbad, Calif.-based firm announced Wednesday that Greg Slack will become CFO, effective April 1. Slack takes over from Dennis Nelson, who said earlier this month he was stepping down as CFO, treasurer and secretary.
Over the last 20 years, Slack has served as CFO at JMC Management, Bay Logics Inc. and, most recently, Ashworth Inc., a publicly traded apparel company. He held that position until the company’s acquisition by Taylor Made Adidas Golf.
“We are pleased to have Greg join our management team. He brings with him a depth of not only financial experience but operational expertise as well. His industry knowledge will allow him to be a significant contributor from the start as we finalize our return to profitability,” James Riedman, president and CEO of Phoenix Footwear, said in a statement.
Phoenix has recorded net losses and negative cash flows in its past three fiscal years, most recently losing $1 million in the third quarter of fiscal 2010. On March 10 of this year, Phoenix de-listed from the NYSE Amex and now trades its common stock on the Pink OTC Market.