A virtual press conference from Sound & Video Contractor

GUITAR CENTER NAMES MIKE PRATT NEW CEO

— Pratt appointed CEO and member of Guitar Center’s Board of Directors as company continues to grow and sets its sights on a strong 2013 and beyond —

Guitar Center today announced that Mike Pratt has been appointed Chief Executive Officer and a member of the Company’s Board of Directors effective April 1, 2013. Pratt succeeds Marty Hanaka, the Company’s Interim Chief Executive Officer, who will remain on the Board and assist in the transition.

Since 2008, Pratt has served as President and Chief Operating Officer of leading Canadian consumer electronics retailers Best Buy Canada and Future Shop. He began his career more than 20 years ago with Future Shop, which was acquired by Best Buy Canada in 2001. During Pratt’s tenure, Best Buy Canada grew from 165 to 275 stores and greatly expanded its e-commerce activities and web presence.

“There’s no question that Guitar Center is North America’s leader in musical instruments and related products, and there’s a long legacy of success that I greatly admire,” said Pratt. “Over the last few months, I’ve had the chance to look at the company even more closely, and I came away very impressed with its dynamic, multi-format business model with strong in-store and web-based brands. I’m excited about this opportunity and looking forward to working with Guitar Center’s management team and dedicated associates to build the business at retail and online.”

Pratt will be working closely with other members of Guitar Center’s management team, including: John Bagan, Executive Vice President & General Merchandising Manager; Michael Doyle, Senior Vice President, Guitar Merchandise; Dennis Haffeman, Executive Vice President of Human Resources; Frank Hamlin, Executive Vice President/General Manager of E-Commerce & Marketing; Gene Joly, Executive Vice President of Stores; Tim Martin, Executive Vice President and Chief Financial Officer; Michael Walter, Senior Vice President, Drums, B&O and Accessories; and Bill Wrightson, Senior Vice President, Technology Merchandise & Proprietary Product Management.

“2012 was a strong year for Guitar Center, and we continue to remain on track with the goals outlined in our strategic business plan,” stated Gene Joly. “We have big goals for 2013 – continuing to open new stores and carry out our already-successful business plan. With the appointment of Mike Pratt as CEO, who has a proven track record in retail, Guitar Center will continue to grow and expand over the coming years. He is a vital addition to our team and we look forward to working with him.”

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

Related Topics: News

Sepura Plc Streamlines Development and Testing of Radio Technologies with HARMAN’s Soundcraft Si Expression 1
RCF and Thunder Audio provide heavenly sound on Tyler Perry’s “Hell Hath No Fury Like a Woman Scorned” tour
Andrea Taglia Captures New Notes for Andrea Bocelli with HARMAN’s AKG K812 Headphones
ESP/SurgeX Continues to Grow by Acquiring SurgeX International
AV Vegas Rocks Marathon With HARMAN’s JBL Professional VTX Line Arrays and Crown I-Tech HD Amplifiers
HRS Control’s UDC Provides Custom Control Solution For Alford Media Services’ Innovative Breakout Pods at Client’s Annual Meeting
Opticomm-EMCORE to demonstrate Video Wall driven by Eclipse HD at InfoComm
Sennheiser’s Integrated Systems Division Appoints New Area Sales Managers
Inaugural Pensado Awards to Honor Today’s New Brand of Music Professional
Biamp Systems’ Five-Year Warranty Honored by 2014 SCN Stellar Service Award as ‘The Ultimate Reputation Saver’

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

April 2013
M T W T F S S
« Mar   May »
1234567
891011121314
15161718192021
22232425262728
2930  

Your Account

Subscribe

Subscribe to RSS Feed

Subscribe to MyYahoo News Feed

Subscribe to Bloglines

Google Syndication