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  • MANAGEMENT CHANGE AT ARNOLD PALMER GOLF SEES TOP EXECS LEAVE

              Arnold Palmer Golf said its Chair & CEO George Nichols
         and President Roger Helms have resigned from the company,
         according to the WALL STREET JOURNAL.  John Lupton, Chair of
         the board's Exec Committee, "will immediately assume the
         role" of Chair and CEO.  Although Nichols and Helms could
         not be reached for comment, company Dir Joel Richardson said
         that the two left "voluntarily."  Richardson: "They've done
         a lot for the company in the last few years ... but the
         company is not at the point they'd like it to be."   For the
         nine months ended June 30, the company reported a net loss
         of $3M, or $1 a share, on sales of $24M.  As part of the
         organizational changes, Arnold Palmer "will take a much more
         active role in the company, focusing on product development
         and marketing activities" (WALL STREET JOURNAL, 11/24).
    
    

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