Sport Chalet Inc. announced that Norbert Olberz, Founder and Chairman Emeritus, has retired from the Board of Directors. Olberz founded the Los Angeles-based chain in 1959.
“Norbert Olberz founded Sport Chalet in 1959 and has been the driving force behind our company's success for the past 48 years,” said Craig Levra, Chairman and CEO. “He has served tirelessly on the Board of Directors since our company went public in 1992, and has now decided to step down as Chairman Emeritus. As founder of the company, we expect that Norbert will continue to periodically visit our stores to review merchandise and displays and work with our store managers, while also continuing to provide valuable advice to the management team. While we will miss Norbert's presence at our Board meetings, we have a strong Board in place to help guide the future of Sport Chalet. We thank Norbert for his tremendous work and guidance over the past five decades.”
Olberz will relinquish the title of chairman emeritus while retaining the title of founder. Sports Chalet operates 45 stores.
