Riddell Commemorates Leadership Transition Amid Growth
Riddell Commemorates Leadership Transition Amid Growth
In a significant shift for Riddell and its parent company BRG Sports, Dan Arment, the President and CEO, is set to retire, marking the end of an impactful chapter for both organizations. Effective at the commencement of 2025, Arment will transition to a Senior Advisor role while the company's CFO and COO, Allison Boersma, is appointed as his successor. Alongside this transition, John Fitch, currently serving as the Vice President of Finance, will step into the CFO position for both Riddell and BRG Sports.
Recognizing Dan Arment's Contributions
Arment's tenure at Riddell has been characterized by substantial achievements. Having joined the company as President in 2008, he has played a crucial role in evolving Riddell's brand and enhancing its market position. His unique combination of expertise and passion has positioned Riddell as a leader in football safety and innovation. Today, Riddell is recognized for its advanced helmet technology and the implementation of cutting-edge protective gear, which has significantly contributed to player safety.
Executive Chairman of BRG Sports, Terry Lee, praised Arment's contributions, stating, "We are incredibly grateful to Dan for his many years of service and leadership within the sporting goods industry. His valuable expertise and passion were evident in each of his critical roles, especially during a time of significant change. Dan has overseen a brand resurgence and initiated numerous protective equipment innovations that will leave a lasting legacy at Riddell."
The Future Leadership of Riddell
After dedicating over a decade of service to Riddell, Allison Boersma's promotion is a testament to her exceptional contributions and commitment to the company. She has been instrumental in driving Riddell's growth trajectory and enhancing operational efficiencies. With a strong background in consumer-packaged goods, Boersma is recognized for her leadership in various key initiatives, particularly those focussing on technology advancements and customer relations.
Boersma stated, "I am honored to step into this role at a pivotal time for Riddell. It is a privilege to lead a team as talented and dedicated as ours, and together, we look forward to further supporting the evolving needs of our customers and enhancing the protection of the athletes we serve." Her vision will be paramount in ensuring Riddell continues to advance football safety standards.
John Fitch's Financial Leadership
Fitch's ascent to the CFO role reflects the company's commitment to maintaining strong financial oversight during this leadership transition. Over the past eight years at Riddell, Fitch has demonstrated a keen ability to navigate complex financial landscapes, particularly during challenging times such as the recent pandemic. His ongoing focus on capital management has been a driving force in facilitating Riddell's post-pandemic growth.
Strategic Vision Moving Forward
As Riddell evolves under new leadership, the firm is poised to continue building on its legacy of innovation and excellence in athlete protection. The strategic focus will remain on enhancing product quality while meeting the diverse needs of customers and athletes alike. Both Boersma and Fitch have expressed their commitment to steering Riddell towards a future of continued growth and development, ensuring the company remains at the forefront of the football equipment industry.
Frequently Asked Questions
What leadership changes are occurring at Riddell?
The company announced that Dan Arment will retire, with Allison Boersma succeeding him as President and CEO, and John Fitch becoming CFO.
When does the leadership transition take effect?
The transitions will become effective on January 1, 2025.
What contributions did Dan Arment make during his tenure?
Arment significantly improved Riddell's market position, spearheading innovations in protective equipment and enhancing brand presence.
Who is taking on the role of CFO after Boersma?
John Fitch will take over the CFO position, building on his previous role as Vice President of Finance.
What is Riddell's focus moving forward?
Riddell aims to continue innovating in athlete protection and enhancing customer support while maintaining strong financial oversight.
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