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Amer Sports Restructures Management

Published June 15, 2009

HELSINKI, Finland (BRAIN)—Amer Sports Corporation, parent company of Mavic, announced on Monday a reorganization of its management structure in order to create one executive board to head up the outdoor equipment and apparel company.

Bernard Millaud, managing director of Mavic, will become Amer's president of cycling. Millaud will also take on the legal entity of Salomon. Salomon’s president, Jean Luc-Diard resigned his role with Amer Sports in light of the changes.

“The purpose of the new executive board is to strengthen the development and consistent execution of Amer Sports Corporate strategy across all business areas and regions, driving group integration, common goals and the group's overall performance,” the company said in a press release.

Aside from Millaud, the other new members appointed to Amer’s executive board are Jean-Marc Pambet, president of apparel and footwear and Terhi Heikkinen, senior vice president of human resources. They join Roger Talermo, president and chief executive officer; Pekka Paalanne, executive vice president and chief financial officer; Thomas Ehrnrooth, senior vice president sales and channel management; Vincent Wauters, senior vice president supply chain and information technology; Chris Considine, president of Ball Sports; Paul Byrne, president of fitness; Juha Pinomaa, president of sports instruments; and Michael Schineis, president of winter sports equipment.

Due to the change the Amer Sports executive team will no longer exist.

Amer Sports owns the Salomon, Wilson, Precor, Atomic, Suunto, Mavic and Arc’teryx brands.

First quarter net sales for Amer Sports were down 2 percent. Mavic’s first quarter sales were down 19 percent.

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