TaylorMade CEO Sharpe Talks About His Plan Adidas Meets Expectations With Q3 Results MSG Could Double In Value With Split ScoreBig Closes $18M Series D VC Funding MSG Considers Splitting In Two Callaway Golf's Q3 Revenue Beats Projections Under Armour's Apparel & Footwear Sales Rise By 29% TPG Takes 53% Majority Stake In CAA Overseas Group Launching Bid To Buy Reebok ISC's Q3 Revenues Jump 11%
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).