Head restructuring plans
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Leading global manufacturer and marketer of sports equipment Head, announced changes in key personnel and further restructuring measures. At the company's Annual General Meeting in May 2009, Head is planning to propose that Mr. Gunter Hagspiel is elected by its shareholders as their Chief Financial Officer. Mr. Hagspiel has been with Head since 1996 and has held a number of positions within the group. After working for the sports firm for two years in Controlling at the Headquarter in Austria, he spent seven years in the US as Controller and COO. During the last three years Mr. Hagspiel held the Group Controller position. Mr. Ralf Bernhart will continue to act as Chief Financial Officer until the time of the annual general meeting, and after the AGM he will become Deputy Chairman of the Management Board, where Head will be able to continue to benefit from his knowledge and experience.
As of March 1, 2009 Mr. Klaus Hotter will assume additional responsibility for Bindings and Ski Boots Production. As part of this restructuring, Mr. Jeremy Sherwood has expanded his role to become Director of Group Sales and Marketing and Mr. Rick Lalonde has expanded his role to cover North American Wintersports as well as being General Manager Canada.
Head's tennis ball factory in Phoenix, Arizona will close on March 5th, 2009. In January 2007, Head started to manufacture tennis balls in their new factory in China. Since this time they have been increasing the volumes produced by this factory, and the company now made the strategic decision to shut its US facility and manufacture their world wide volume from China.
Head NV Group is organised into four divisions: Winter Sports, Racquet Sports, Diving and Licensing. The firm sells products under Head (tennis, squash, paddle and racquetball racquets, tennis balls, tennis footwear, badminton products, alpine skis, ski bindings and ski boots, snowboards, bindings and boots), Penn (tennis and racquetball balls), Tyrolia (ski bindings), and Mares (diving equipment) brands.