Wasserman L.A. Committee OKs Mayor Signing Bid Contract Danica Patrick Renews Healthcare Partnership DraftKings Breaking Ad Campaign ESPN Adding New College Sports Service Mariners Fire GM Jack Zduriencik 49ers Take Another Image Hit With Brooks Charge Yahoo's Forde Balances CFB, Daughter's Swim Meet Russell Wilson Clarifies Water Comments Dolphins Unveil Sun Life Stadium Renovations
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).