Wolverine Worldwide’s ongoing, massive turnaround effort will be led by industry and 15-year company veteran Chris Hufnagel, who has been named president and CEO of the Merrell and Saucony parent following the sudden departure of former chief, Brendan Hoffman. Hufnagel, who was promoted to the top job from president of the company’s Active Group, faces numerous headwinds from day one. They range from getting the Rockford, MI firm’s inventory and debt to proper levels and driving results toward a 12% operating margin target, to re-invigorating the remaining brands in WWW’s portfolio ... Log in to view full article.