Chief Executive Officer Walter P. Glazer, Jr. to retire by year-end
Escalade Inc (NASDAQ: ESCA) announced that CEO Walter P. Glazer, Jr. will retire by the end of 2024. The Board will conduct a comprehensive search for his successor, considering both internal and external candidates. Glazer, a long-time shareholder and Director, will continue serving on the Board after retirement, pending shareholder approval.
Under Glazer's leadership, Escalade achieved significant growth, navigated the post-pandemic market, acquired Brunswick Billiards, implemented a decentralized structure, and focused on capital allocation and asset optimization. He successfully guided the company through the COVID-19 pandemic, maintaining strong operational and financial performance.
Ned Williams, Lead Independent Director, praised Glazer's dedication and leadership, highlighting his role in positioning the company for long-term success. Escalade, founded in 1922, designs, manufactures, and sells sporting goods, fitness, and recreation equipment under various brands.
Escalade Inc (NASDAQ: ESCA) ha annunciato che il CEO Walter P. Glazer, Jr. si ritirerà entro la fine del 2024. Il Consiglio di Amministrazione condurrà una ricerca approfondita per il suo successore, considerando candidati sia interni che esterni. Glazer, azionista di lunga data e Direttore, continuerà a far parte del Consiglio dopo il ritiro, in attesa dell'approvazione degli azionisti.
Sotto la guida di Glazer, Escalade ha registrato una significativa crescita, ha affrontato il mercato post-pandemia, ha acquisito Brunswick Billiards, ha implementato una struttura decentralizzata e si è concentrata sull'allocazione del capitale e sull'ottimizzazione degli asset. Ha guidato con successo l'azienda durante la pandemia di COVID-19, mantenendo forti prestazioni operative e finanziarie.
Ned Williams, Direttore Indipendente Principale, ha lodato la dedizione e la leadership di Glazer, evidenziando il suo ruolo nel posizionare l'azienda per il successo a lungo termine. Fondata nel 1922, Escalade progetta, produce e vende articoli sportivi, attrezzature per il fitness e per il tempo libero sotto vari marchi.
Escalade Inc (NASDAQ: ESCA) anunció que el CEO Walter P. Glazer, Jr. se retirará a finales de 2024. La Junta llevará a cabo una búsqueda exhaustiva de su sucesor, considerando tanto candidatos internos como externos. Glazer, accionista y Director de larga data, continuará sirviendo en la Junta después de su jubilación, sujeto a la aprobación de los accionistas.
Bajo el liderazgo de Glazer, Escalade logró un crecimiento significativo, navegó por el mercado posterior a la pandemia, adquirió Brunswick Billiards, implementó una estructura descentralizada y se centró en la asignación de capital y la optimización de activos. Guió con éxito a la empresa a través de la pandemia de COVID-19, manteniendo un sólido rendimiento operativo y financiero.
Ned Williams, Director Independiente Principal, elogió la dedicación y el liderazgo de Glazer, destacando su papel en la preparación de la empresa para el éxito a largo plazo. Fundada en 1922, Escalade diseña, fabrica y vende artículos deportivos, equipos de fitness y recreación bajo varias marcas.
에스칼레이드 Inc (NASDAQ: ESCA)는 CEO 월터 P. 글레이저 Jr.가 2024년 말까지 은퇴할 것이라고 발표했습니다. 이사회는 내부 및 외부 후보자를 고려하여 그의 후임자를 찾기 위한 종합적인 검색을 수행할 것입니다. 글레이저는 오랜 기간 주주이자 이사로 활동하며, 은퇴 후에도 주주 승인에 따라 이사회의 일원으로 남게 됩니다.
글레이저의 지도 아래 에스칼레이드는 상당한 성장을 이루었고, 팬데믹 이후 시장을 성공적으로 헤쳐 나갔으며, 브런즈윅 빌리아드(Brunswick Billiards)를 인수하고, 분산 구조를 구현하며, 자본 할당 및 자산 최적화에 집중했습니다. 그는 COVID-19 팬데믹 동안 회사를 성공적으로 이끌어 강력한 운영 및 재무 성과를 유지했습니다.
주요 독립 이사인 네드 윌리엄스는 글레이저의 헌신과 리더십을 높이 평가하며, 회사가 장기적인 성공을 위해 올바른 방향으로 나아가도록 하는 데 그의 역할을 강조했습니다. 1922년에 설립된 에스칼레이드는 다양한 브랜드 하에 스포츠 용품, 피트니스 및 레크리에이션 장비를 설계, 제조 및 판매합니다.
Escalade Inc (NASDAQ: ESCA) a annoncé que le PDG Walter P. Glazer, Jr. prendra sa retraite d'ici la fin de 2024. Le Conseil d'Administration procédera à une recherche complète de son successeur, en considérant des candidats internes et externes. Glazer, actionnaire de longue date et Directeur, continuera à servir au sein du Conseil après sa retraite, sous réserve de l'approbation des actionnaires.
Sous la direction de Glazer, Escalade a réalisé une croissance significative, a navigué sur le marché post-pandémique, a acquis Brunswick Billiards, a mis en place une structure décentralisée et s'est concentrée sur l'allocation de capital et l'optimisation des actifs. Il a réussi à guider l'entreprise à travers la pandémie de COVID-19, en maintenant une forte performance opérationnelle et financière.
Ned Williams, Directeur Indépendant Principal, a loué le dévouement et le leadership de Glazer, mettant en avant son rôle dans le positionnement de l'entreprise pour un succès à long terme. Fondée en 1922, Escalade conçoit, fabrique et vend des articles de sport, des équipements de fitness et de loisirs sous différentes marques.
Escalade Inc (NASDAQ: ESCA) gab bekannt, dass CEO Walter P. Glazer, Jr. bis Ende 2024 in den Ruhestand gehen wird. Der Vorstand wird eine umfassende Suche nach seinem Nachfolger durchführen und dabei sowohl interne als auch externe Kandidaten in Betracht ziehen. Glazer, ein langjähriger Aktionär und Direktor, wird nach seiner Pensionierung weiterhin im Vorstand tätig sein, vorbehaltlich der Zustimmung der Aktionäre.
Unter Glazers Führung erzielte Escalade erhebliches Wachstum, navigierte erfolgreich durch den Markt nach der Pandemie, erwarb Brunswick Billiards, implementierte eine dezentralisierte Struktur und konzentrierte sich auf Kapitalallokation und Vermögensoptimierung. Er führte das Unternehmen erfolgreich durch die COVID-19-Pandemie und hielt starke operative und finanzielle Leistungen aufrecht.
Ned Williams, Hauptunabhängiger Direktor, lobte Glazers Engagement und Führung und hob seine Rolle bei der Positionierung des Unternehmens für langfristigen Erfolg hervor. Escalade, gegründet 1922, entwirft, produziert und verkauft Sportartikel, Fitness- und Freizeitausrüstung unter verschiedenen Marken.
- CEO's successful leadership through significant growth and post-pandemic market navigation
- Acquisition of Brunswick Billiards strengthening market position
- Implementation of decentralized, consumer-centric organizational structure
- Focus on capital allocation and strategic optimization of assets
- Strong operational and financial performance maintained during challenging times
- Potential leadership transition risks as CEO retires
- Board will lead a comprehensive CEO selection process
Mr. Glazer, who has been a shareholder since 1991 and a Director for the past nine years, will continue serving on the Board after his retirement, pending annual shareholder approval. Reflecting on his time as CEO, Glazer stated, "It has been an absolute privilege and honor to lead Escalade and to work with our talented teams during extraordinary times. Escalade is well positioned for the future while continuing to deliver for our loyal consumers, trade partners, and shareholders. Our mission is 'Connecting family and friends, creating memorable moments and playing life to the fullest.' My family has supported me while I've been away working with Escalade for the past few years. With Escalade in a strong position, it is time for me to reconnect with my own family and create memorable moments with them."
Under Glazer's leadership, Escalade saw both significant growth and successfully navigated the post-pandemic return to normalized demand. Notable achievements include the acquisition of Brunswick Billiards, the implementation of a decentralized, consumer-centric organizational structure accompanied by a robust leadership development program, a focus on capital allocation and strategic optimization of assets, including the recent sale of the company's Rosarita,
Ned Williams, Lead Independent Director, praised Glazer's leadership, saying, "On behalf of everyone at Escalade, I want to express our deepest gratitude for Walt's leadership and unwavering dedication as President and CEO. Walt's commitment and outstanding leadership have guided Escalade through a period of unprecedented growth and transformation. His focus on developing future leaders and ensuring that Escalade consistently delivers value to consumers and trade partners has positioned the company for continued long-term success. We are extremely grateful for Walt's contributions and look forward to working with him during the CEO transition process and beyond as he will continue to contribute to Escalade through his service as a Director after his retirement as President and CEO."
ABOUT ESCALADE INC
Founded in 1922, and headquartered in
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SOURCE Escalade, Incorporated
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