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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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