CORPORATE FACT SHEET
EXECUTIVE COMMITTEE
James (Jim) S. Davis, Chairman Anne Davis, Vice Chairman & Executive VP Administration
Robert DeMartini, President and CEO John E. Larsen, President Emeritus/Advisor
John Withee, Exec. Vice President and CFO David Crosier, Exec. Vice President, Value Chain
Alan Hed, Executive Vice President, International Joe Preston, Exec. VP, Global Product
Jonathan Ram, Executive Vice President, N. American Sales Chris Ladd, Exec. VP Direct to Consumer
John Wilson, Executive Vice President Manufacturing Paul Gauron, Exec. V.P. & General Counsel
Deirdre Fitzgerald, Vice President, Apparel Peter Zappala, Vice President, Specialty Sales
Edith Harmon, VP, Research and Design, Kids & Wellness Bill Hayden, Vice President Finance
Paul Heffernan, Vice President, Consumer Experiences Kevin Holian, Vice President, Global Logistics & Planning
Christine Madigan, Vice President, Responsible Leadership Joan McGrail, Vice President, Corp. Human Resources
Duncan Scott, Vice President, External Products Tom Carleo, Vice President, Running/Outdoor
Stephanie Smith, Vice President Retail Ray Hilvert, Vice President, Sports Marketing
Matt LeBretton, Vice President Public Affairs
MISSION
Demonstrating responsible leadership, we build global brands that athletes are proud to wear, associates are proud to create and communities are proud to host.
HISTORY
Founded by William Riley in 1906 as the New Balance Arch Company, in Boston, MA, New Balance manufactured arch supports and orthopedic shoes. New Balance made its first pair of running shoes in 1938, and during the 1950s and 60s, athletes increasingly turned to the company for customized running shoes due to New Balance's unique expertise in handcrafting specialized footwear. Paul Kidd bought the company in 1956 and increased the shoe-making sector as demand grew. Production of running shoes soon became the company's primary source of business. The New Balance "Trackster,” one of the first running shoes made, grew very popular not only because of its technical innovation, but because it was available in a wide range of widths. In 1972, New Balance was purchased by current Chairman, James (Jim) S. Davis. Four years later, the New Balance 320 running shoe was rated number one on the market, which launched the company into worldwide prominence. Since then, New Balance has diversified into making a complete range of athletic and lifestyle footwear as well as performance and lifestyle apparel and accessories for athletes around the world.
In 1998, NBAS, Inc. acquired the Dunham brand to expand into the men’s casual footwear arena. In 2001, NBAS, Inc. acquired the PF Flyers brand to pursue the lifestyle market and new product was introduced in Spring 2003. A brand-new comfort performance footwear brand, Aravon®, was introduced at retail in Spring 2004. In early 2004, NB, Inc. acquired Warrior Lacrosse, widely recognized as the world’s most cutting edge manufacturer of lacrosse equipment, after introducing the Warrior “Burn” by New Balance lacrosse shoe. In 2005, Innovative Hockey was acquired to operate as a new division called Warrior Hockey. In August 2006, NB, Inc. acquired Brine, Inc., a recognized industry leader in soccer, lacrosse, field hockey and volleyball. NBAS, Inc. announced in December of 2007 that it had acquired the Vital Apparel Group, one of the leading active apparel companies in the United States. In 2008, New Balance opened a state-of-the-art Sports Research Lab in their Lawrence, MA facility. The Lab focuses on technology and product testing, innovation research and education.
New Balance holds the distinction as the only major athletic shoe company that currently manufactures footwear in the U.S. New Balance makes or assembles more than 4 million pairs of athletic footwear per year in the USA, which represents a limited portion of our US sales. Where the domestic value is at least 70%, we label our shoes Made in the USA. The company owns and operates five factories in New England as well as a manufacturing facility in Flimby, U.K. that services the European market with Made in the U.K. footwear.
Throughout the years, New Balance has maintained the same principles it was founded upon: superior customer service, a strong commitment to American workers and domestic manufacturing, and leadership in product fit and technological innovation. Please visit www.newbalance.com for more information.
PRODUCTS
New Balance
Footwear & Apparel for men, women and kids
Global Business Units: Running, Field of Play, Women’s, Lifestyle, Football
New Balance licensed products
Brand Accessory Group– performance sport and active casual bags; running accessories
Gold Toe/Moretz Sports – performance technology socks
Hickory Brands – shoelaces, shoe care, and recovery gear
Highgear/Implus –sports monitors
Klone Lab – sandals and golf footwear
Dunham
Casual Performance Footwear for men
Licensed products - SampCo-Dunham work boots
PF Flyers
Lifestyle Footwear
Aravon
Comfort Performance Footwear for women
Cobb Hill
Comfort lifestyle footwear for women
Warrior Sports
Lacrosse and hockey equipment, apparel, footwear and accessories
Brine
Soccer, lacrosse, field hockey and volleyball equipment, apparel, footwear and accessories
FACILITIES
Boston, MA – 637 associates Lawrence, MA – 752 associates Norway, ME – 171 associates
World Headquarters for New Balance World Design Center: R&D, Process & Industrial Manufacturing: Lasting to Packing
and PF Flyers Engineering, Purchasing/Procurement, Factory Store (Oxford, ME)
Manuf: Bipol/Polyurethane/Desma Manufacturing: Cut/Stitch/Last & Pack
Factory Stores Raw Materials/Finished Goods/Warehouse
Sports Research Lab
Distribution Center
Factory Store
Skowhegan, ME – 332 associates Norridgewock, ME – 405 associates St. Louis, MO – 203 associates
Manufacturing: Cut/Stitch/Last & Pack Manufacturing: Cut/Stitch/Last & Pack ShopNewBalance.com
Raw Material/Finished Goods/Warehouse Raw Materials/Finished Goods Customer Service, Warehouse
Factory Store Creative Services, Web Development, Buying, Support
Warrior Sports – 509 associates Other U.S. Factory Stores– 390 associates
Warrior Sports/Brine Headquarters Corporate Retail Stores – 49 associates
Office and Warehouse (Boston/Warren, MI) U.S. Field Reps – 148 associates
Warrior International DryDock (Dunham, Aravon, Cobb Hill) – 33 associates
Total number of U.S. Manufacturing/DC associates: 1,268
*Number of Manufacturing Associates at Flimby, U.K. facility: 200
Total number of US associates: 3,265
Total number of International associates: 1,841
Total Number of Global associates Worldwide: 5,106
2010 ANNUAL SALES 2011 ANNUAL SALES 2012 ANNUAL SALES
Domestic $1.08 billion Domestic $1.09 billion Domestic $1.18 billion
Worldwide $1.78 billion* Worldwide $2.04 billion* Worldwide $2.39 billion*
2013 ANNUAL SALES 2014 ANNUAL SALES
Worldwide $2.73 billion* Worldwide $3.3 billion*
*includes estimated sales by joint ventures and distributors
The New Balance Foundation
Established in 1981, the New Balance Foundation has served a deeply held mission: to support charitable organizations whose humanitarian efforts work for the betterment of our children and communities. The heart of our focus is the prevention of childhood obesity. For more information, please visit www.newbalancefoundation.org.