Deckers Brands

After a planned transition, long‑time commercial leader Stefano Caroti became CEO on August 1, 2024. The bench includes experienced brand, DTC, and finance leaders. Execution has been strong through supply‑chain normalization and channel mix shifts, evidenced by sustained high margins and cash conversion.

We note governance positives in prudent capital returns and conservative leverage, with watch‑items including succession continuity across HOKA leadership and tariff navigation.