Ashworth, Inc. experienced major shakeups in the executive suite last week as CEO of ten years and chairman of the board of six, Randall L. Herrel Sr. announced that his resignation will take effect on October 17. James B. Hayes, previously lead independent director, was elected as the new chairman, while the company is currently searching for a new CEO. Mr. Herrel will continue to work with the company in the interim. In addition to the board moves, Gary I. (“Sims”) Schneiderman was named president of the company after serving as the company’s EVP of sales, marketing, and customer service.
To assist in the executive transition process, the company has created a new Office of the Chairman which will report directly to the Chairman of the Board. The initial members of the Office of the Chairman will be Mr. Herrel and Peter M. Weil, a current Director of the company. Upon Mr. Herrel’s departure, Mr. Sims and Winston E. Hickman, the company’s Chief Financial Officer, will become members of the Office of the Chairman.
