Ashworth Inc declares resignation of CEO & other changes
14 Sep '06
2 min read
The Company announced that James B. Hayes has been elected Chairman of the Board, effective immediately. Mr. Hayes previously served as the Company's Lead Independent Director.
The Company also announced that Gary I. ("Sims") Schneiderman has today been named President of Ashworth, Inc. Mr. Sims previously served as the Company's Executive Vice President of Sales, Marketing and Customer Service and has over 20 years of experience in the apparel industry.
To assist in the executive transition process, the Company has created a new Office of the Chairman which will report directly to the Chairman of the Board. The initial members of the Office of the Chairman will be Mr. Herrel and Peter M. Weil, a current Director of the Company. Upon Mr. Herrel's departure, Mr. Sims and Winston E.
Hickman, the Company's Chief Financial Officer, will become members of the Office of the Chairman. Mr. Weil has also entered into a separate agreement with the Company to provide additional resources and expertise to the Company's management team as it moves forward.
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