ATLANTA — Allan Fletcher, founder and chairman of Fletcher Leisure Group, has been named CEO of golf apparel company Ashworth, Inc., effective immediately.
He succeeds Peter M. Weil, who resigned to spend more time with his family on the East Coast, Ashworth said. However, Weil will continue to provide consulting services during the 90 days following his departure. Weil held the CEO job for about a year.
Eric R. Hohl, executive vice-president, CFO and treasurer has also left the company after serving in the position only since March 2007. Greg W. Slack succeeds him as CFO, effective immediately. Previously, he was vice-president of finance, corporate controller and principal accounting officer until July 2007.
Fletcher Leisure Group is a long-standing business partner of Ashworth, and is Canada’s leading supplier of branded golf apparel, sportswear and golf equipment, said David M. Meyer, chairman of Ashworth’s board of directors.
“Allan has proven that he has exceptional insight into our business,” Meyer said. “With more than 40 years of experience in the golf apparel industry, Allan is uniquely qualified to help Ashworth further capitalize on the progress it is making.”
Fletcher’s father, Pat Fletcher, was a golf professional at The Royal Montreal Golf Club and winner of the 1954 Canadian Open, Meyer added.
Ashworth said Fletcher will retain a significant ownership interest in Fletcher Group. To ensure proper corporate governance practices, Edward J. Fadel, president of Ashworth, will be responsible for overseeing Ashworth’s business relationship and contracts with Fletcher Leisure Group and reporting on these matters directly to the board of directors.
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