Doug Samuelson Steps Up as CFO at Newton Golf, A Sacks Parente Company

Doug Samuelson Joins Newton Golf as Chief Financial Officer

NEWTON GOLF: A Sacks Parente Company (Nasdaq: SPGC), known for its innovative approach to golf equipment, has recently appointed Doug Samuelson as its new Chief Financial Officer. This move comes as the company continues to expand its offerings in the competitive golf industry and reflects its commitment to strong leadership and growth.

A Warm Welcome to Doug Samuelson

Doug Samuelson brings a wealth of experience to the role, having accumulated thirty years in accounting and finance. His background includes significant positions as CFO in various publicly and privately traded companies, making him an invaluable asset to the team at Newton Golf. Executive Chairman Greg Campbell expressed enthusiasm about Doug's appointment, highlighting the importance of strategic financial guidance for the company's ongoing trajectory.

Doug Samuelson's Professional Journey

Starting his career at Arthur Anderson LLP, Doug provided auditing and advisory services. He then transitioned to roles in several organizations, including Response Genetics and Medacta USA, where he honed his financial reporting expertise. With substantial SEC reporting experience and a proven track record in Sarbanes Oxley compliance, Doug's qualifications make him an ideal fit for the challenges and opportunities ahead.

Doug's Vision for Newton Golf

Doug Samuelson expressed his excitement about joining Newton Golf, emphasizing the company's innovative products like the Newton Motion line of replacement golf shafts and advanced putters. He aims to leverage his experience to enhance the company's financial strategies and support its ambitious growth plans.

Transition in Leadership at Newton Golf

Doug replaces Steve Handy, the prior CFO, whose decision to leave was amicable and did not arise from any disagreements regarding the company's management. This transition represents a commitment to ensuring that the company's financial operations remain robust during its expansion.

About Newton Golf: A Sacks Parente Company

Newton Golf is committed to delivering exceptional golf gear that helps players elevate their game. The company offers a diverse range of products, from putters and golf shafts to grips and various accessories. Noteworthy innovations include the patented Ultra-Low Balance Point (ULBP) putter technology and ultra-light carbon fiber shafts, which set the brand apart in the market.

Future Growth and Expansion Plans

The company is proactively expanding its manufacturing capabilities, having opened a new facility in St. Joseph, MO, to produce premium golf shafts. This strategic move not only enhances their production but also aligns with their goal of creating a substantial portion of their products domestically. Newton Golf is also exploring opportunities in golf apparel and-related product lines to broaden its market presence.

Market Position and Distribution Strategy

Newton Golf's products reach consumers through various channels, including resellers, its official website, and retail locations such as Club Champion. The company has forged strong relationships with distributors not just in the U.S. but also in countries like Japan and South Korea.

Innovative Approach to Golf Manufacturing

With an eye toward future advancements, Newton Golf is focused on merging, acquiring, or developing complementary product lines that enhance its premium brand reputation. The company's commitment to research and development is evident in its ongoing innovations in golf technology.

Frequently Asked Questions

Who is Doug Samuelson?

Doug Samuelson is the newly appointed Chief Financial Officer of Newton Golf, bringing extensive experience in financial leadership and reporting.

What is Newton Golf known for?

Newton Golf is recognized for its advanced golf products, including its innovative putters and premium golf shafts.

Where are Newton Golf products manufactured?

The company aims to manufacture most of its products in the United States, including its advanced golf shafts.

What growth opportunities does Newton Golf have?

Newton Golf looks to expand through new product lines, acquisitions, and enhancing its existing offerings in golf equipment.

How can I learn more about Newton Golf?

For more information about Newton Golf and its products, you can visit their official website or follow them on social media.

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