Michael D. Stornant has been named senior vice president, chief financial officer and treasurer of Wolverine Worldwide, effective June 12. He succeeds Donald T. Grimes, who became executive vice president, chief operating officer for the Neiman Marcus Group.

Stornant, 49, is a 19-year veteran of Wolverine, most recently serving as vice president of corporate finance, with global responsibility for the firm’s corporate accounting, financial planning, tax and credit functions.

In his new role, he will report to Blake W. Krueger, Wolverine’s chairman, chief executive officer and president, and will serve as a member of the company’s executive management team.