Ashworth Inc announced the election of Peter M. Weil as the Company's Chief Executive Officer, effective immediately. Mr. Weil will also continue to serve as a member of the Board of Directors.
Mr. Weil brings an extensive background in apparel and retailing to his new responsibilities. From 1996 to 2004, he served as Senior Vice President/Director of Management Horizons (PricewaterhouseCoopers – Retail Consulting Group).
Clients he has served include Hewlett Packard, Disney, Brooks Brothers and Nordstroms. Mr. Weil previously held Senior Vice President positions with Macy's, Marshalls and J Baker/Morse Shoe.
His expertise includes merchandising and supply chain management. Peter Weil previously served as a member of the Company's Office of the Chairman. (The Office of the Chairman was Ashworth's interim executive body utilized until a new CEO was identified. With Mr. Weil's appointment, this office will no longer be needed.)
The Company also announced that Winston E. Hickman will remain with the Company as its CFO until mid November or until such time as necessary to ensure a smooth transition. The Company will undertake a search for a new CFO immediately.
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