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Golfsmith names Martin Hanaka Interim CEO
10
Jan '08
Golfsmith International Holdings Inc announced that James D. Thompson has resigned as Chief Executive Officer to pursue other interests.

The Board of Directors has appointed Chairman Martin Hanaka as the company's interim Chief Executive Officer.

The Board has retained Herbert Mines Associates to initiate a search for a permanent Chief Executive Officer. While in his interim role, Mr. Hanaka will retain his position as Chairman of the Board.

"On behalf of the Board, I want to thank Jim for his considerable contribution to the company and wish him the best in his future endeavors," said Mr. Hanaka.

"I look forward to working with the Golfsmith team as we move forward with the company's business plan and as we look to find a permanent Chief Executive Officer who will provide strong leadership for the company."

Mr. Hanaka became the Chairman of the Board of Golfsmith in April 2007. He was the Chairman of the Board of The Sports Authority Inc from November 1999 until June 2004 and was its Chief Executive Officer from September 1998 until August 2003.

Mr. Hanaka joined The Sports Authority, Inc.'s board of directors in February 1998. From 1994 to 1997, Mr. Hanaka served as President, Chief Operating Officer and a director of Staples Inc Mr. Hanaka currently serves on several other public and private company boards.

The company also announced that it expects to incur a one-time charge of approximately $800,000 in the first quarter of fiscal 2008 associated with Mr. Thompson's separation package.

In a separate release, the company also announced preliminary fiscal 2007 results for the period ending December 29, 2007. Please refer to that separate release for that information.

Golfsmith International Holdings Inc

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