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Stefano Caroti

President and CEO at DECKERS OUTDOOR
Since August 1, 2024
Age
61 years
Education
Holds a Bachelor of Arts with honors from Middlebury College.
Tenure
Joined Deck in November 2015 as President of Omni-Channel, later serving as Chief Commercial Officer and Interim President of HOKA before becoming President and CEO on August 1, 2024.

Also at DECKERS OUTDOOR

AO
Angela Ogbechie
Chief Supply Chain Officer
AS
Anne Spangenberg
President of Fashion Lifestyle
RG
Robin Green
President of HOKA

About

Stefano Caroti is a seasoned executive known for his extensive experience in the footwear and apparel industry, having spent over 32 years honing his skills in general management, sales, marketing, and brand strategy. His background includes significant leadership roles at major global companies, where he managed wholesale, retail, and e-commerce operations, demonstrating a firm grasp of multi-channel business strategies.

In his early career, he built a reputation for driving growth and operational excellence with stints at companies like PUMA and NIKE, where he held key executive positions that underscored his ability to manage complex, international business operations. This foundation laid the groundwork for his later achievements and leadership style.

At Deck, his contributions have been marked by a clear focus on consumer engagement and brand development. After joining in November 2015 as President of Omni-Channel, he advanced through critical roles including Chief Commercial Officer and Interim President of HOKA, and ultimately assumed the role of President and CEO on August 1, 2024.

Known for his collaborative approach and strategic vision, he has been instrumental in guiding Deck's growth during a transformative period, leveraging his industry expertise to enhance the company's market position and drive long-term value for its stakeholders.

$DECK Performance Under Stefano Caroti

Past Roles

OrganizationRoleDate RangeDetails
DECKChief Commercial OfficerAppointed April 2023 Held before becoming President and CEO
DECKPresident of Omni-ChannelNovember 2015 until April 2023 Served until his appointment as Chief Commercial Officer
PUMAChief Commercial Officer and Managing DirectorAugust 2008 to December 2014 Responsible for global wholesale, retail, and e-commerce divisions, and overseeing geographic operating regions
NIKE, Inc.Vice President of EMEA CommerceN/A Oversaw the entire wholesale, retail, and e-commerce business in the EMEA region

Fixed Compensation

Data from  FY 2024
Component NameAmountPayment ScheduleAdditional Details
Base Salary$800,000 Annual (Fiscal Year 2024)Fixed annual salary for fiscal year 2024.
Nonqualified Deferred Compensation (Executive)$373,263 As determinedExecutive contributions under the Deferred Compensation Plan.
Nonqualified Deferred Compensation (Company)$40,100 As determinedDiscretionary matching contributions by the company.
Special Cash Bonus$400,000 One-time in 2024Awarded in recognition of interim leadership and exceptional performance.

Performance Compensation

Data from  FY 2024

Annual Cash Incentive Awards

MetricWeightThresholdTargetMaximumActual PerformancePayout %Notes
Consolidated Operating Income70% $644.7M $716.4M $859.7M $927.5M 200% Payout multiplier achieved due to high performance.
Consolidated Revenue30% $3,634.0M $3,950.0M $4,345.0M $4,287.8M 185.5% Award payout based on revenue performance.
  • Payment Timing: Awards are paid out at the end of fiscal year 2024.
  • ESG Modifier: Achieved at a +8% level, which adjusts the overall payout.
  • Total Annual Payout: $1,478,169.

2024 LTIP PSUs

MetricDetailsNotes
Award Split50% tied to annual pre-tax income and 50% tied to annual revenue Performance measured annually over fiscal years 2024, 2025, and 2026.
Vesting ScheduleVesting on March 31, 2026 Contingent on meeting performance conditions and continued service through the vesting date.
Performance RangeUp to 200% of target Vesting determined by linear interpolation between threshold, target, and maximum performance levels.
Grant DateAugust 15, 2023
Grant Date Fair Value$799,921 For valuation purposes of the LTIP PSUs.
Maximum Value Potential$2.4 million If the maximum performance level is achieved.
TSR ModifierMultiplier: 125% (>75th percentile), 100% (55th percentile), 75% (<45th percentile) Adjusts the number of PSUs vested based on the company’s TSR relative to peers; capped at 125%.