Billabong Int'l has "yet another financial backer" and is "going with a $360 million deal with the C/O Consortium, a rival group of investors from Centerbridge Partners and Oaktree Capital Management." The new arrangement sees former Eddie Bauer President & CEO NEIL FISKE replace CEO SCOTT OLIVET. Although Fiske is "new to the action-sports industry, he has a track record of improving companies' fortunes" (ORANGE COUNTY REGISTER, 9/20).
NEW COURSE: NFL Jets Senior VP/Business Development MARC RICCIO is leaving the team after 17 years. Riccio has resigned, but will remain with the club for another three to four weeks. A search for his replacement is being conducted by Korn/Ferry, and will include internal candidates, like VP/Business Development & Ventures JEFF FERNANDEZ, a Jets marketer for the past 10 years. Riccio said of his next step: "I will probably do some project-work consulting, but that’s not my long-term goal" (Terry Lefton, Editor-at-Large).
EXECS: Tennis HOF CEO MARK STENNING announced that he will step down in September '14. Stenning began his career at the HOF in '80 (Tennis HOF)....adidas AG appointed Multichannel Markets Chief Sales Officer ROLAND AUSCHEL to its Exec Borad, effective Oct. 1. Auschel will assume responsibility for global sales on a board level (adidas)....The MLS Galaxy signed President CHRIS KLEIN to a multiyear contract extension (LATIMES.com, 9/19)....The Cubs named Nationals Dir of Corporate Partnerships ALLEN HERMELING Senior Dir of Corporate Partnerships. He will report to VP/Sales & Partnerships COLIN FAULKNER (Cubs)....The America East Conference on Tuesday announced a contract extension for Commissioner AMY HUCHTHAUSEN that runs through June '17 (AEC)....Keeneland named IAN BANWELL, LUTHER DEATON JR., POPE MCLEAN JR., DAISY PHIPPS PULITO and BILL SHIVELY to its Advisory BOD (BLOODHORSE.com, 9/19).
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