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To: richardred who wrote (78)	2/26/2008 10:06:32 AM
From: richardred	Respond to of 178

MacGregor Golf Company Appoints President and CEO Michael Setola Posted : Fri, 22 Feb 2008 20:16:48 GMT Author : MacGregor Golf Company Category : PressRelease News Alerts by Email click here ) Create your own RSS News \| Home JUPITER, Fla., Feb. 22 /PRNewswire/ -- MacGregor Golf Company, parent company of Greg Norman Collection and MacGregor Golf, announced today that Michael J. Setola has been named President and CEO, effective immediately. Setola was most recently President of Oxford Industries, where he was responsible for multiple brands and operating groups including Oxford, Lanier and Ben Sherman. Previously, he was Chairman and CEO of Salant Corporation, whose brands included Perry Ellis and Axis. Setola's background spans more than 25 years and is deep in operational, marketing, international, retail and licensing expertise. "We are very excited to have Mike join us as our new President and CEO," said Greg Norman, Chairman of the MacGregor Golf Company Board of Directors. "He is a proven leader with extensive industry experience and expertise, in addition to being a proficient strategic planner. Mike has a long track record of transforming businesses and spearheading change. He brings a fresh vision and we are confident he can build on the momentum Greg Norman Collection and MacGregor Golf have established." Under the new leadership of Setola, Greg Norman Collection and MacGregor Golf look to further exploit their significant growth potential in the United States and internationally. "I am excited and honored to take on this leadership responsibility," Setola said. "Greg Norman Collection and MacGregor Golf have fabulous teams and I am eager to lead that talent and chart a course that allows these two dynamic companies to reach their full potential both domestically and internationally." Setola, who will be based in New York, officially assumes his responsibilities today. Additionally, the company announced the resignations of Suzy Biszantz, President/CEO and Dave Hall, COO/Senior Vice President of Finance. Both have decided not to renew their employment contracts that expire at the end of February with MacGregor Golf Company. "Under their leadership, GNC experienced significant sales and profit growth across all sales channels while elevating the status of the brand globally. I am personally very appreciative of the dedication and efforts put forward by both Suzy and Dave in their years with GNC and wish them continued success in their new endeavors," said Greg Norman. "The acquisition of the Greg Norman Collection by the MacGregor Golf Company and the transition from the adidas/Reebok organization are now complete. The company is well positioned for future growth with a seasoned and talented management team," said Suzy Biszantz. February 29th will be the last day with the company for both Biszantz and Hall. The company plans to immediately begin the search to replace both executives. About Greg Norman Collection Greg Norman Collection is a leading distributor of golf-inspired sportswear and accessories targeting active, sophisticated men and women who range in age from 35 to 55. The Collection's moisture-wicking innovative Play Dry(R) technology and unique Performance. Luxury. Style. combination continue to differentiate the brand. Influenced by one of the world's leading golf professionals and identified by the four-color shark logo, Greg Norman Collection has become a complete lifestyle brand since beginning as knitwear line in 1992. About MacGregor Golf MacGregor Golf, the oldest golf company in the world, has a storied 110- year history filled with innovation and PGA Tour success including a record 59 Major Championships. Based in Albany, Georgia, MacGregor Golf creates PGA Tour inspired and aesthetically appealing golf equipment that tastefully incorporates the latest game improvement technologies. MT(TM) Drivers, Fairway Woods, Hybrids, Irons, Wedges and Bobby Grace(TM) Putters are marketed under the MacGregor brand. Contact: Jennifer Hawkins Phone: (203) 371-0120 E-Mail: Jennifer@stenderhawkins.com MacGregor Golf Company earthtimes.org