American Skiing Co. (ASC) Founder & CEO Les Otten said
that he plans on remaining at the helm of the ski company
for at least another five years, according to the Barre-
Montpelier TIMES-ARGUS. Last month's announcement from TX-
based investment group Oak Hill Capital Partners that it
would invest $2M to buy additional stock in ASC, would
ultimately give Oak Hill a controlling interest in the
publicly held ASC and the right to appoint six members on
its 11-member board. But in an interview with the Times
Argus, Otten said that doesn't mean he's ceded control of
the company. Otten: "If I'm not in control of the company,
that's news to me. The contract I signed says I'm here for
at least the next five years" (VT TIMES-ARGUS, 8/20).
PERRY PROFILED: In Aspen, Kathleen Carlson profiled new
CO Ski Country USA President David Perry (see THE DAILY,
8/16), who, in his new position, will "primarily focus on
increasing the state's marketing power." Perry: "I want to
work collaboratively with all the top people in the resorts
to create a joint strategy to put Colorado in the preeminent
position it deserves." More Perry: "Colorado is a great
brand itself and resorts like Aspen are like icons. We need
to make sure they have the appeal they should have. ...
There is still no reason that Aspen's recognizability around
the world cannot be enhanced" (ASPEN DAILY NEWS, 8/21).
