Peak Resorts Announces CFO Transition
August 16 2017 - 8:00AM
Chief Accounting Officer Christopher J.
Bub to Assume Role in Planned SuccessionCurrent
CFO Stephen J. Mueller to Continue as Executive Vice
President
Peak Resorts, Inc. (NASDAQ:SKIS), a leading
owner and operator of high-quality, individually branded ski
resorts in the U.S., today announced its succession plan for chief
financial officer, Stephen J. Mueller. Mueller, 69, will step
down on October 3, 2017, following the company’s 2017 annual
meeting of stockholders. He will remain with the company for
an initial period of three years, as Executive Vice President to
assist in the transition of financial reporting matters and provide
assistance with special projects and growth initiatives. He will
also remain a member of the board of directors. In this planned
transition, Christopher J. Bub, chief accounting officer, will
assume the CFO role on October 3, 2017.
Mueller joined Peak in 2001 as chief financial officer, vice
president, secretary, and director. For the last 16 years, he has
led all financial and accounting aspects of the operations. Bub has
served as Peak’s vice president and chief accounting officer since
2016, working closely with Mueller on treasury, strategic planning,
budgeting, capital allocation, financial reporting and investor
relations matters.
Timothy D. Boyd, president and chief executive officer,
commented, “Steve has been an invaluable asset to Peak over the
last 16 years. Through his financial and strategic leadership, he
has played an integral role in shaping the evolution of the
company, including guiding us through significant periods of
expansion, growth, and investment. We are extremely grateful for
his many contributions to Peak and look forward to working with him
in his new role.”
Commenting on Bub’s appointment, Mr. Boyd said, “I am thrilled
to welcome Chris as our new CFO. His appointment to this role
underscores his leadership, demonstrated experience in finance, and
his deep understanding of the business. I am highly confident in
Chris’s capabilities and look forward to continuing to partner with
him as we enter the next chapter of our journey.”
Bub brings more than 15 years of experience in corporate finance
and accounting. Before joining Peak in June 2015, he served as
senior director of finance for Nortek Global HVAC, formerly NORDYNE
LLC, a manufacturer of heating and cooling equipment. Prior
to joining NORDYNE LLC, he held a variety of managerial and
leadership positions at The Boeing Company, the world’s largest
aerospace company and leading manufacturer of commercial airplanes
and defense, space and security systems, and Deloitte & Touche,
LLP, a leading professional service firm. Bub is a registered
Certified Public Accountant. He earned Bachelor of Science and
Master of Accountancy degrees at the University of
Missouri.
About Peak Resorts Headquartered in Missouri,
Peak Resorts is a leading owner and operator of high-quality,
individually branded ski resorts in the U.S. The company now
operates 14 ski resorts primarily located in the Northeast and
Midwest, 13 of which are company owned, including Hunter Mountain,
the Catskills' premier winter resort destination.
The majority of the resorts are located within 100 miles of
major metropolitan markets, including New York City, Boston,
Philadelphia, Cleveland and St. Louis, enabling day and overnight
drive accessibility. The resorts under the company's umbrella offer
a breadth of activities, services and amenities, including skiing,
snowboarding, terrain parks, tubing, dining, lodging, equipment
rentals and sales, ski and snowboard instruction and mountain
biking and other summer activities. To learn more, visit the
company’s website at ir.PeakResorts.com, or follow Peak Resorts on
Facebook (https://www.facebook.com/skipeakresorts) for resort
updates.
Forward Looking Statements This news release
contains forward-looking statements regarding the future outlook
and performance of Peak Resorts, Inc., within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements
are subject to a variety of risks and uncertainties that could
cause actual results to differ materially from current
expectations. These risks and uncertainties are discussed under the
caption “Risk Factors” in the company’s Annual Report on Form 10-K
for the year ended April 30, 2017, filed with the Securities and
Exchange Commission (the “SEC”), and as updated from time to time
in the company’s filings with the SEC. Peak Resorts
undertakes no obligation to release publicly the result of any
revisions to these forward-looking statements that may be made to
reflect events or circumstances after the date hereof or to reflect
the occurrence of unanticipated events.
For Further Information:
312-690-6003
InvestorRelations@PeakResorts.com
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