As expected by the SNEWS® team since December, the man working behind the scenes on the Arc'Teryx purchase by Salomon, Tom Herbst, has been named the new Arc'Teryx CEO. Former CEO and company founder, Jeremy Guard remains with the company as a consultant in the design area -- the area where he has really made his mark with this industry. Herbst made it clear that Arc'Teryx will operate as an independent company despite the sale to Salomon that was final Jan. 16. "One can see clearly already that our leadership remains here and not with Salomon," says Herbst. "We are pleased to have such a strong partner standing behind us though. I believe there wasn't the slightest doubt in the past about the innovative power and quality of Arc'Teryx. But we have grown on average 30 percent each year since we were founded, and we have unfortunately had problems with production and logistical matters. We must admit that and we will certainly be able to learn much from Salomon."
Could new acting CEO Tom Nathanson be what Confluence has needed?
After executives of American Capital Strategies (ACS) visited the Easley, S.C., headquarters of Confluence Holdings the second week in June, it became clear they would consider making changes at the top level, according to insiders who spoke with SNEWS®. That change came about on ...read more