Originally written and posted by Ben Unglesbee at www.bizjournals.com/ on December 9, 2015.
Diane Sullivan, CEO of Clayton shoe seller Caleres, has stepped into the chairwoman role of shoe-focused nonprofit Two Ten Footwear Foundation Inc.
Sullivan took over as chair of the foundation’s board this month, succeeding Blake Kruger, CEO of Wolverine World Wide. Sullivan previously served as vice chair for the organization.
The Massachusetts-based Two Ten foundation was founded in 1939 to support workers in the shoe manufacturing industry, especially those in financial need. The organization also has a scholarship fund that since 1969 has distributed $20 million to more than 6,000 companies, according to Two Ten.
In 2015, the organization awarded $870,000 in college scholarships to 310 students nationwide, according to the company.
For the 2014 fiscal year, Two Ten distributed $2.2 million in grants and awards, down from $2.5 million the previous year, according to tax filings. At the end of fiscal 2014, the organization had $38.6 million in net assets, up from $34.5 million the previous year.
Sullivan became CEO of Caleres, then Brown Shoe Co., in 2011. She also serves on the boards of BJC HealthCare, Enterprise Holdings and Washington University.
For 2015, Caleres executives expect sales of about $2.6 billion, a 3 percent increase from last year.