Skechers USA Inc. said Wednesday that Chief Financial Officer Fred Schneider has resigned to pursue other interests.

Chief Operating Officer David Weinberg, who was CFO between 1994 and 2006, will add back those responsibilities as well as continue as chief operating officer, the Manhattan Beach footwear maker said. To enable an orderly transition, Schneider will stay with the company through February.

“With the company well positioned for the foreseeable future, I am confident that now is the right time to depart,” Schneider said in a statement.

Shares were down 5 cents, or less than 1 percent, to $18.46 in midday trading on the New York Stock Exchange.