Re-org of Wilson Businesses
April 29 2003 - 7:00AM
UK Regulatory
RNS Number:4918K
Amer Group PLC
29 April 2003
29 April 2003
Amer Group Plc
AMER GROUP RE-ORGANISES WILSON
In order to ensure its competitiveness and to increase efficiency, Amer Group is
re-organising its Wilson businesses in the USA. In the new structure, the
businesses will be divided into two business areas: Golf and racquet sports and
Team sports.
As a result, Steve Millea will take over responsibility for the golf and racquet
sports business globally. Mr Millea previously worked as the Vice President for
Wilson's international operations. Team Sports will continue as a separately
managed business unit under the leadership of Chris Considine. Both Mr Millea
and Mr Considine will report to Mr Roger Talermo, President and CEO of Amer
Group.
Simultaneously, Wilson's central administration functions will be discontinued
and decentralised. Jim Baugh will leave his position as the President of Wilson
Sporting Goods Co.
Amer Group's operations in North America are supported by the local Amer Sports
Services organisation. Amer Sports North America Services covers the following
departments: legal, tax and cash management. In addition, it covers logistics
strategy. The unit serves centrally all Wilson, Atomic, Suunto and Precor
operations in North America.
Putting the new structure in place will start immediately. More information
about the changes will be provided during the coming months, as appropriate.
Amer Group Plc
Communications
Paivi Antola
Communications Manager
For further information, please contact:
Mr Roger Talermo, President & CEO, tel. +358 9 7257 8210
Mr Pekka Paalanne, Senior Vice President & CFO, tel. +358 9 7257 8212
DISTRIBUTION:
Hex Helsinki Exchanges
Major media
AMER GROUP PLC
Amer Group is one of the world's leading sports equipment companies with its
internationally recognised brands Wilson, Atomic, Suunto and Precor. All Amer
Sports companies develop and manufacture technically advanced products that
improve the performance of active sports participants. The Group's business is
balanced by its broad portfolio of sports and presence in all major markets. In
2002 Amer Group made an operating profit of EUR 103.0 million on net sales of
EUR 1,101.9 million. Earnings per share were EUR 2.95. At the end of 2002 the
Company had 3,939 employees.
This information is provided by RNS
The company news service from the London Stock Exchange
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