Moody's Gives WME IMG B2 Credit Rating CDI Net Income Drops 5% In '13 Bauer Purchases Easton-Bell Baseball/Softball Learfield Sports Acquires Nelligan Sports ISC Q4 Revenue Flat With '12 WME Faces Daunting Task In IMG Acquisition IMG Acquisition Could Take Up To Six Months Nike Q2 Profit Rises 40% WME Execs To Meet With IMG College WME CEOs Diving In At IMG
Upcoming Conferences and Events
MANAGEMENT CHANGE AT ARNOLD PALMER GOLF SEES TOP EXECS LEAVE
Published November 24, 1997
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).