EVANSVILLE, Ind., March 30, 2020 /PRNewswire/ -- Escalade,
Incorporated (NASDAQ: ESCA) - The Board of Directors of Escalade,
Inc. is pleased to announce the appointment of Scott Sincerbeaux as the organization's next
President and Chief Executive Officer. Mr. Sincerbeaux brings
a wealth of Retail, Wholesale, and Ecommerce experience and a keen
understanding of the changing consumer landscape and retail
marketplace. He will join Escalade on April 27, 2020.
Sincerbeaux joins Escalade from Wolverine World Wide, Inc.,
where he held several positions including President of The Stride
Rite Children's Group, President of Direct to Consumer, and
President of Global Retail. In addition, he has led Sales and
Direct-to-Consumer businesses at Godiva Chocolate, Bare Escentuals,
Crabtree & Evelyn, and ECCO.
"It is a tremendous honor to lead this dynamic
organization. Escalade has a rich history of brand and
product leadership across various recreational categories. I
have enjoyed getting to know the organization, diverse product
offering and dynamic leadership team and believe my background will
add significant value as we accelerate the connection of our
product portfolio to our loyal customers and consumers," said
Sincerbeaux.
Walt Glazer, Chairman of the
Board said, "On behalf of the Escalade board of directors, our
executive management, and our entire team of dedicated associates,
I welcome Scott and look forward to his leadership as Escalade
continues to navigate the changing environment. Scott's deep
experience, passion, and drive to succeed will serve him well in
this important role."
Walt Glazer continued, "We'd also
like to thank Dave Fetherman for his
many contributions to Escalade. Dave joined the company in
2007 as VP Sales & Marketing of the Escalade Sports business
unit, was promoted to President of Escalade Sports in 2012, and
became President and CEO of Escalade, Inc. in 2015. Among
Dave's many accomplishments, one that stands out was his leadership
in executing Escalade's pivot from Sears as our largest customer to
the sporting goods channel 10 years ago. More recently, Dave
led Escalade's shift into e-commerce. We wish Dave and his
wife Selena all the best as they enjoy a well-deserved
retirement."
ABOUT ESCALADE SPORTS
Headquartered in Evansville,
IN, Escalade Sports is a global manufacturer and distributor
of sports and outdoor recreational equipment. Leaders in
their respective categories, Escalade Sports' brands include Bear®
Archery, Bear X™, Trophy Ridge®, Rocket®, SIK® and Cajun
Bowfishing™ archery equipment; STIGA® and Ping-Pong® table
tennis; Accudart® and Unicorn® darting; Atomic®, Victory
Tailgate®, Triumph™ Sports, Viva Sol®, Zume Games®
recreational games; DURA® and Onix® pickleball equipment;
Goalrilla™, Goalsetter® residential in-ground basketball systems,
Goaliath® and Silverback® residential in-ground and portable
basketball goals; Lifeline® and the STEP® fitness products;
Woodplay® premium playsets; Vuly™ trampolines; and
Cue&Case® - a leader in specialty billiard accessories.
Escalade Sports' products are available at sporting goods dealers
and independent retailers nationwide. For more information on
Escalade Sports, its brands, instruction manuals, retailers,
warranty, replacement parts or customer service, please call
1-888-784-4288 or visit www.escaladesports.com.
FORWARD-LOOKING STATEMENTS
This report contains forward-looking statements relating to
present or future trends or factors that are subject to risks and
uncertainties. These risks include, but are not limited to: our
plans and expectations surrounding the transition to, timing, and
roles of Scott Sincerbeaux becoming
our new Chief Executive Officer; the impact of competitive products
and pricing; product demand and market acceptance; new product
development; Escalade's ability to achieve its business objectives,
especially with respect to its Sporting Goods business on which it
has chosen to focus; Escalade's ability to successfully achieve the
anticipated results of strategic transactions, including the
integration of the operations of acquired assets and businesses and
of divestitures or discontinuances of certain operations, assets,
brands, and products; the continuation and development of key
customer, supplier, licensing and other business relationships; the
ability to successfully negotiate the shifting retail environment
and changes in consumer buying habits; the financial health of our
customers; disruptions or delays in our business operations,
including without limitation disruptions or delays in our supply
chain, arising from political unrest, war, labor strikes, natural
disasters, public health crises such as the coronavirus pandemic,
and other events and circumstances beyond our control; Escalade's
ability to control costs; Escalade's ability to successfully
implement actions to lessen the potential impacts of tariffs and
other trade restrictions applicable to our products and raw
materials, including impacts on the costs of producing our goods,
importing products and materials into our markets for sale, and on
the pricing of our products; general economic conditions;
fluctuation in operating results; changes in foreign currency
exchange rates; changes in the securities markets; Escalade's
ability to obtain financing and to maintain compliance with the
terms of such financing; the availability, integration and
effective operation of information systems and other technology,
and the potential interruption of such systems or technology; risks
related to data security of privacy breaches; and other risks
detailed from time to time in Escalade's filings with the
Securities and Exchange Commission. Escalade's future financial
performance could differ materially from the expectations of
management contained herein. Escalade undertakes no obligation to
release revisions to these forward-looking statements after the
date of this report.
Contact: Patrick Griffin, Vice
President of Corporate Development & Investor Relations at
812/467-1358
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SOURCE Escalade, Incorporated