Did you hear?... WaterMark under the leadership and guidance of Jim Clark


WaterMark is now under the leadership and guidance of one man as the company's CEO and president -- Jim Clark. Since the June 4 ouster of Duncan Robins, then president of WaterMark gear (click here to read story), Clark has been serving at the Chief Revenue Officer while the board began a search for a company COO. During the process, according to Clark, the WaterMark board decided that it would be best to operate the company with one man directing the company's vision and business strategy and offered the position to Clark. "Following Duncan's departure, we initially began talking about replacing the position still looking at the old structure or way of doing business, but the more we talked about it, the more we realized it made more business sense to consolidate the responsibilities into a one-person position," Clark told SNEWS®. "When the board offered me the position, I was thrilled." Clark will run the company from the Arcata, Calif. offices. SNEWS®View: Clark is a good man with a passion for the outdoors that becomes evident in conversations with him. Streamlining the company leadership makes sense and will help WaterMark rein in top-heavy management costs -- difficult to justify in a very competitive and tight market. While Duncan and his open-door style of management continues to be missed very much by his former team in Arcata, we suspect Clark will quietly take the helm and begin garnering respect.


Did you hear?... WaterMark acquires Rhode Gear

Just in time for the Interbike Show, WaterMark acquired car rack and cycling accessories company, Rhode Gear, from Bell Sports. Rhode Gear will become part of the newly formed WaterMark Gear division headed by Duncan Robins and located in Arcata, Calif. That group includes Yakima ...read more

Clark resigns as CEO of Yakima

Jim Clark, CEO of Yakima Products, has resigned. Jay Wilson, Yakima's CFO, will serve as the acting CEO until the board finds a replacement. Clark will remain with Yakima until mid-June to facilitate the transfer of responsibilities to Wilson. When we asked Clark why he tendered ...read more

Fitness: Did you hear?...

For Dec. 21 to Jan. 3 >> Health Fitness Corp. repaid $2 million on a note held by Bayview Capital Partners using funds from the company's $6.25 million Revolving Credit Facility with Wells Fargo Bank. "The prepayment of the Bayview note before its maturity made good financial ...read more

Outdoor: Did You Hear?...

>> Hats off to the Outdoor Retailer trade show team! Though exact details are sketchy SNEWS has learned that as an added perk for qualified retailers (that means you have to have a retailer badge or no go), OR will offer free wireless access in the Retailer Lounge located in ...read more

Outdoor: Did you hear?…

For the week of Oct. 12-18 >> Jim Clark, WaterMark's CEO, confirmed with SNEWS® on Oct. 18 that the company would be relocating some of its business functions to a new facility in Portland, Ore., in early 2005. He also confirmed that despite rumors to the contrary, WaterMark ...read more

Outdoor: Did you hear?...

>> Panoptx and L.L. Bean are loving the New York Times right now. In the June 8 Sunday Style page, the Times ran a Father's Day gift story with the tag: "Even if the paterfamilias can't find the Diaper Genie, Dad's bound to appreciate a Father's Day gift with maximum utility." ...read more

Outdoor: Did you hear?...

>> Thanks to a press leak (damn those inquisitive press folks!), Deal.com broke the news that J.P. Morgan & Co. had begun shopping Marmot for a reported $125 million figure. Insiders have told SNEWS® that they doubt Marmot will go at the current asking price as it far exceeds the ...read more