Ashworth And The Executive Shuffle

by The Editors on November 7, 2007

We don’t golf, but it’s a huge part of the local economy. And that sector isn’t doing so well as of late. A prime example is the Carlsbad-based golf apparel company Ashworth (website coming fall 2007). The company has had “its second executive chair shuffling within five months Oct .25,” according to the San Diego Business Journal.

The struggling manufacturer of Callaway Golf Co. and other top branded shirts and caps said Chief Executive Officer Peter Weil resigned to spend more time with his family on the East Coast. Weil was appointed only about a year ago, and took over after then-CEO Randal Herrel suddenly resigned. . . Replacing Weil is Alan Fletcher, founder and chairman of Fletcher Leisure Group, an Ashworth partner and Canada’s top supplier of branded golf apparel. . . Ashworth also said former Chief Financial Officer Eric Hohl is no longer there, and was replaced by Greg Slack, a former Ashworth corporate controller and principal accounting officer until July.

Note to Ashworth employees: when the music stops, be sure to grab the first open chair you see.

[Link: San Diego Business Journal]

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