Joe Preston, a Class B director, is president and chief executive officer of New Balance Inc. Preston has 30-plus years of industry experience and has led New Balance through a strategic transformation, as the company has exceeded 20% annual growth for the past four years. Preston previously served as the company’s chief commercial officer, executive vice president of global product & marketing, executive vice president of international, and vice president of Asia Pacific. Privately-held New Balance is a $7.8 billion global sportswear brand and has more than 14,000 associates and 3,200 retail locations worldwide. Preston serves as vice chair of the Massachusetts Business Roundtable and is incoming chair of the American Apparel & Footwear Association. He’s chair of the Two Ten Footwear Foundation and The Sports Museum and a board member of the Retail Industry Leaders Association. He’s also a former member of the U.S. Trade Representative’s Advisory Committee for Trade Policy and Negotiations. Preston holds an MBA from Babson College and a bachelor’s from Merrimack College.