Anthony Industries announces CEO succession.LOS ANGELES--(BUSINESS WIRE)--Nov. 20, 1995--Anthony Industries Inc. (NYSE NYSE See: New York Stock Exchange :ANT) Monday announced that Richard M. Rodstein has been named as Anthony's chief executive officer, effective Jan. 1, 1996. Rodstein, 41, succeeds B.I. Forester, 67, who remains as chairman of the board. Rodstein has been president of Anthony since 1990, and he retains that post. He joined Anthony in 1983 as chief financial officer and since then has run several of its major divisions, including Shakespeare fishing tackle, Anthony pools and, most recently, K2. Forester stated: ``I am confident that under Rich Rodstein's leadership, Anthony will continue to flourish. Since joining the company 12 years ago, Rich has demonstrated vision, energy and outstanding marketing and financial skills. The company is presently emerging from the most profitable quarter in our history, and this transition positions us for continued success.'' Rodstein said: ``In his 22 years as CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Bif Forester has transformed Anthony Industries from a small regional pool manufacturer into one of the most exciting, diversified and global companies in sporting goods Noun 1. sporting goods - sports equipment sold as a commodity commodity, trade good, good - articles of commerce sports equipment - equipment needed to participate in a particular sport today. ``My aim is to continue to aggressively enhance Anthony's position as a leading global sporting-goods company through continuous product innovation and by entry into new markets. ``Our strategies are twofold: to maintain our focus on high-growth and high-performance sporting-goods categories such as our recent entrance into in-line skates, snowboards, technical outdoor gear and full-suspension mountain bikes; and to service our broad sporting- goods distribution channels with innovative quality products.'' During Rodstein's tenure as president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , Anthony has expanded its business significantly into several rapidly growing sporting-goods categories. Over the last five-year period, annual earnings growth has averaged in excess of 20 percent, and, through the third quarter of this year, earnings are already surpassing last year's full-year figure by 15 percent. Quality-improvement processes that Rodstein initiated companywide resulted in the company's largest division, K2, winning the Rochester Institute of Technology/USA Today Quality Cup award this year. Anthony Industries is a leading designer, manufacturer and marketer of high-performance brand-name sporting goods, as well as other recreational and industrial products. The company's sporting goods and recreational products include several well-known names such as K2 and Olin alpine skis, K2 snowboards This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. , K2 Exotech in-line skates, Stearns active water-sports equipment, Shakespeare fishing rods, ProFlex mountain bikes, Dana Design Dana Design was a small manufacturer of high end backpacks for mountain climbing based in the Pacific Northwest. The company was founded by Dana Gleason in Bozeman, Montana. Their most popular pack was the Terraplane. backpacks, Hilton active apparel and Anthony swimming pools. Anthony industrial products include Thermo-ply residential insulative in·su·la·tive adj. Serving to insulate or keep safe: the insulative value of an animal's fur; insulative packing materials. sheathing and, under the Shakespeare brand, extruded monofilaments, marine antennas, electronic instruments and fiberglass light poles. CONTACT: Anthony Industries Inc., Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. John J. Rangel, 213/890-5830 or Robinson Lerer Sawyer Miller, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Robert Mead or Tara Owen, 212/484-6701 |
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