LOS ANGELES–(BUSINESS WIRE)–Oct. 11, 2002–K2 Inc. (NYSE:KTO) today announced the resignation of Richard M. Rodstein, its President and Chief Executive Officer. Richard J. Heckmann, Chairman of the Board of Directors since April 2000, assumed the post of Chief Executive Officer. Mr. Heckmann was the founder, Chairman and Chief Executive Officer of US Filter (formerly NYSE:USF) until it was acquired by Vivendi (NYSE:V) in 1999.

“On behalf of the Board of Directors of K2 Inc., I would like to thank Rich for his many contributions over the years,” said Mr. Heckmann. “I am pleased that we will be able to further make use of his experience as a consultant to the company,” he said. The company also announced that J. Wayne Merck, Executive Vice President, assumed the post of Chief Operating Officer.

K2 Inc. is a leading designer, manufacturer and marketer of brand-name sporting goods, recreational and industrial products. The company’s sporting goods and recreational products include well-known names such as K2 and Olin alpine skis; K2, Ride and Morrow snowboards, boots and bindings; K2 inline skates; Stearns sports equipment; Shakespeare fishing tackle; K2 bikes; and Dana Design backpacks. K2′s other recreational products include Planet Earth apparel, Adio skateboard shoes and Hilton corporate casuals. K2′s industrial products include Shakespeare extruded monofilaments, marine antennas and composite light poles.