Global Edition

Reorganisation at MacGregor Golf Company

8.24am 7th March 2008 - Corporate

MacGregor Golf Company, parent company of Greg Norman Collection and MacGregor Golf, has named Michael J. Setola President and CEO, effective immediately. Setola will be based in New York.

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 honoured 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.”

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. The company plans to immediately begin the search to replace both executives.

“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.

Greg Norman Collection
MacGregor Golf

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