CamelBak Products announced the retirement of its President and Chief Executive Officer Glenn Gross, after a decade with the company.
Gross joined CamelBak in 1995 and in November 2003 saw the privately-held company through its acquisition by Bear Stearns Merchant Banking, a New York-based investment firm. Gross plans to remain in his position until his replacement is found.
“Glenn has guided the company successfully into the next stage of its evolution. We are grateful for his dedication and expertise,” said Dan Miller, an Operating Partner at Bear Stearns and Chairman of the Board at CamelBak. He added that the company already has begun an executive search for a new president.
“CamelBak has seen steady growth over the years and has added 20 employees over the past year,” he said. “The company is in good shape and we are leaving it in very capable hands,” said Gross.
The company also announced the departure of Executive Vice President Woody Scal, who has been in charge of sales, marketing and product development at the company.