11.12.2007 01:21:00
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Geoff Eisenberg Succeeds Peter Harris As President and Chief Executive Officer of West Marine
West Marine, Inc. (Nasdaq:WMAR), the nation’s
largest boating supplies and accessories retailer, today announced that
the Company’s Board of Directors has named
Geoff Eisenberg, 55, to the position of President and Chief Executive
Officer, succeeding Peter Harris, 63, who resigned from the Company
effective today, December 10, 2007. Mr. Harris has agreed to assist
during the transition through the end of the year.
"On behalf of the Board of Directors, I am
pleased to welcome Geoff aboard in his new role as CEO,”
said Board Chairman and Company Founder Randy Repass. "Geoff
has been closely involved with West Marine for almost 32 years. He knows
the Company, played a key role in developing our mission and values, and
shares our passion for the business and customers of West Marine. Geoff
is a highly disciplined operational strategist and a gifted leader. He
has had a hand in shaping our service-driven culture and in formulating
our current growth strategy, as both an executive of the Company and a
member of our Board. We are highly confident in his ability to lead the
Company and drive the next phase of our growth.”
Mr. Repass added, "Speaking for the Board, I
also wish to thank Peter Harris for his leadership these past three
years. It has been a tough period for our entire industry. The difficult
management decisions Peter had to make along the way have produced
encouraging progress on a number of important fronts and set the stage
for further operational improvements in the period ahead. We wish Peter
well in his future endeavors.” "It is an honor to lead West Marine,”
Mr. Eisenberg said. "I have a long and
cherished history with this great company. West Marine remains the most
respected brand name in the boating supplies industry. We intend to
leverage the power of our brand and further strengthen our connection
with boaters in ways that can fuel our growth and profitability.”
In addition to his 30 years on the Board of West Marine, Mr. Eisenberg
served the Company in various senior executive positions from 1976 until
1994. He has been active with the Company in one senior capacity or
another right through his current appointment as President and CEO. Most
recently, he ran a highly successful management and strategic consulting
business specializing in CEO training and professional management
development. Mr. Eisenberg is also a past CEO of Salz Leathers Inc., a
manufacturer of high quality leather based in Santa Cruz, CA, and is a
past CEO of Greenhorn Creek Associates, a Real Estate and Golf
Development company based in Angels Camp, CA.
Mr. Eisenberg serves on the Boards of Directors of LiveOps Inc, a
leading distributed call center technology and services provider, and
Logispring LTD., an international venture capital firm specializing in
supply chain focused companies. He has participated, both as skipper and
crew, in many offshore sailing races.
Webcast and Conference Call
The company will host a brief conference call and webcast on Tuesday,
December 11, 2007 at 8:30 AM Pacific Standard Time to introduce
investors to Mr. Eisenberg. The live call will be webcast and available
in real time on the Internet at www.westmarine.com
on the "Investor Relations" page. Please allow sufficient time prior to
the call to visit the site and download the streaming media software
required to listen to the Internet broadcast.
Interested parties can also connect to the conference call by dialing
(888) 756-1546 in the U.S. and Canada and (706) 634-1083 for
international callers. Please be prepared to give the conference ID
number 27878577. The call leader will be West Marine's Chairman and
Founder, Randy Repass.
An audio replay will be available for approximately one week following
the call. The replay number is (800) 642-1687 in the U.S. and Canada and
(706) 645-9291 for international callers. The access code is 27878577.
About West Marine
West Marine, the country's largest specialty retailer of boating
supplies and accessories, has 372 stores located in 38 states, Puerto
Rico and Canada. Our catalog and Internet channels offer customers
approximately 50,000 products and the convenience of exchanging catalog
and Internet purchases at our store locations. Our Port Supply division
is one of the country's largest wholesale distributors of marine
equipment serving boat manufacturers, marine services, commercial vessel
operators and government agencies. For more information on West Marine's
products and store locations, or to start shopping, visit www.westmarine.com
or call 1-800-BOATING (1-800-262-8464).
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