Manchester United Lands Richest Kit Deal Ever Lions Owner William Clay Ford Passes Away Sights & Sounds From SXSW FiveThirtyEight Website To Launch March 17 ESPN To Air Series On U.S.' Prep For World Cup Cowboys Mount Huge AT&T Letters On Stadium Concussion-In-Sports Doc Makes U.S. Debut Stars Attend UNC-Duke Game Briefs Ganassi Salutes Target For 25-Year Relationship
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).