We have launched our new site! The Wire backend has moved to www.svconline.com. Your can log on now with your e xisting credentials. For your reference, posting instructions have been sent to your email. Note: postings made to the old backend will be redirected through Thursday Feb 19th. Please make the switch to www.svconline.com as soon as possible.


If you have questions please email thewire@svconline.com.


Looking forward to seeing you on the new site!

A virtual press conference from Sound & Video Contractor

GUITAR CENTER, INC. ANNOUNCES EXECUTIVE SUCCESSION PLAN

WESTLAKE VILLAGE, CA, August 24, 2010 — Guitar Center, Inc. today announced a management succession plan to be implemented during the fourth quarter of 2010. Under this plan, Greg Trojan, presently President and Chief Operating Officer, will assume the position of Chief Executive Officer. Mr. Trojan will also remain a member of Guitar Center’s Board of Directors. Marty Albertson, presently Chairman of the Board and Chief Executive Officer, will step down as Chief Executive Officer but will remain as non-executive Chairman of the Board.

Marty Albertson said, “I am thrilled to take on the role of non-executive Chairman. This will allow me to pursue many other interests and still contribute to Guitar Center in a strategic capacity. Guitar Center has a tremendous culture and exciting future, and I intend to stay involved in the company.?

“I asked Greg to join the Guitar Center team nearly three years ago as part of my effort to groom a successor for the CEO role, and my confidence in his ability to successfully lead the company was critical to my decision to change my role at this time. Further, Greg has a thorough knowledge of our culture, values and industry.?

Greg Trojan said, “I am excited to be assuming the role of Chief Executive Officer at this point in Guitar Center’s history. With the company’s strong management team and with the investments we have made in both our infrastructure and our people, we are well positioned to grow online and through our brick and mortar network. Accordingly, we plan on resuming opening new Guitar Center retail stores in 2011.?

Digg Syndication Del.icio.us Syndication Google Syndication MyYahoo Syndication Reddit Syndication

Related Topics: News

Symetrix’ Busy 2015 Training Program to Highlight Advantages of Dante-Based DSP
AV Concepts Pushes Envelope with Dante Media Networking for Live Event Production
Masque Sound Helps Audiences Explore The Mystery of Love & Sex
Metric Halo Supports SCA Spring Fling
Sergio Mendes and will.i.am have a (Governors) Ball with DPA Microphones
StrandVision Offers Personal Finance Tips in Latest Set of Employee Digital Signage Communications Animated Templates
Ashly Saves the Day at Rocky Mountain Classical Academy
StoreStreams to Offer Turnkey In-Store Radio to Businesses
Audinate Announces “Audio over IP in Broadcast with Dante” Event in London
Renkus-Heinz Helps Conquer Audio Challenges in Canadian Museum for Human Rights

About

Stay up to date on the latest technology news. Select press representatives post company news several times a day. Check back often to get the latest news on product releases, mergers and acquisitions, and product applications. To be included in this virtual press conference, please contact The Wire.

Calendar

August 2010
M T W T F S S
« Jul   Sep »
 1
2345678
9101112131415
16171819202122
23242526272829
3031  

Your Account

Subscribe

Subscribe to RSS Feed

Subscribe to MyYahoo News Feed

Subscribe to Bloglines

Google Syndication