K2 Inc. (NYSE:KTO) today announced the establishment of its European management team.
John J. Rangel, a 20-year veteran of K2 Inc. and most recently Senior Vice President and Chief Financial Officer, has been appointed President of K2 Inc.’s European operations, responsible for integration of all current and future operations in the region, and will relocate to Europe. Christoph Bronder, the President of the Volkl Group since 1996 and the managing partner of Marker International, has been named President of Volkl and Marker’s worldwide operations. Mike Noonan has been named President of Volkl Sport America. Dudley Mendenhall, Senior Vice President – Finance, will assume the additional finance duties of the K2 Inc. Chief Financial Officer.
Richard J. Heckmann, Chairman and Chief Executive Officer, said, “The key to combining Volkl and Marker into K2’s worldwide operations is truly integrating management. John Rangel’s years of experience with K2’s winter sports divisions, together with Christoph Bronder and his very experienced Volkl and Marker European teams, will insure a rapid process. The addition of Mike Noonan, a highly regarded ski industry executive, to the U.S. team also insures a smooth transition domestically. Further, the new structure will ease the integration of the European financial and reporting operations with those in the U.S.”
About K2 Inc.
K2 Inc. is a premier, branded consumer products company with a portfolio of leading brands including Rawlings, Worth, Shakespeare, Pflueger, Brass Eagle, Worr Games, Stearns, Volkl, Marker, K2, Ride, Olin, Morrow, Tubbs, Atlas, Dana Design, Marmot, Ex Officio, Planet Earth, Adio and Hawk. K2’s diversified mix of products is used primarily in team and individual sports activities such as baseball, softball, fishing, paintball, watersports activities, alpine skiing, snowboarding, snowshoeing, in-line skating, camping, trekking, skate boarding, and mountain biking. Rawlings, Worth, Shakespeare, Pflueger, Brass Eagle, Stearns, Volkl, Marker, K2, Ride, Olin, Morrow, Marmot, Ex Officio, Tubbs, Atlas, K2 Licensing and Promotions, Dana Designs, Planet Earth, Adio and Hawk skateboard shoes, JT, and Worr Games are trademarks or registered trademarks of K2 Inc. or its subsidiaries in the United States or other countries.
Safe Harbor Statement
This news release includes forward-looking statements. K2 cautions that these statements are qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements, including but not limited to K2’s ability to successfully execute its acquisition plans and growth strategy, integration of its recent merger with Rawlings Sporting Goods Company, Inc. and other acquired businesses, weather conditions, consumer spending, continued success of manufacturing in China, global economic conditions, product demand, financial market performance, and other risks described in the company’s most recent annual report on Form 10-K, subsequent quarterly reports on Form 10-Q, and current reports on Form 8-K, each as filed with the Securities and Exchange Commission. The company cautions that the foregoing list of important factors is not exclusive, any forward-looking statements included in this news release is made as of the date of this news release, and the company does not undertake to update any forward-looking statement.