Industry News 3/5/2008

Easton-Bell Sports Names Paul Harrington CEO

Easton-Bell Sports Names Paul Harrington CEO

Easton-Bell Sports, Inc., a leading designer, developer and marketer of innovative sports equipment, protective products and related accessories, announced today that its Board of Directors has appointed Paul Harrington as the company’s new chief executive officer. Harrington, former president and CEO of Reebok Brand for adidas AG, will assume the role of Easton-Bell CEO in April. Board member Timothy Mayhew, a managing director of Fenway Partners, the majority shareholder of Easton-Bell, will immediately assume the role of Interim Chief Executive Officer. Anthony Palma, former Easton-Bell CEO, has departed the company to pursue other opportunities.

Jim Easton, chairman of the board of Easton-Bell, said, “We are very pleased that Paul Harrington is joining the company as president and CEO. His leadership and experience at Reebok will be valuable in the continuation of the company’s growth and development of high-performance sports equipment.”

He continued, “On behalf of the Easton-Bell Sports Board of Directors, I also want to thank Tony Palma for his contributions to Easton-Bell and wish him the very best in his future endeavors. Prior to his two years as CEO of Easton-Bell, Tony was CEO of Easton Sports, where he led that company to outstanding growth, success and innovative product development. For that I am sincerely grateful.”

Harrington, 46, is a sporting goods industry veteran. He served as president and CEO of Reebok since January 2006 and was responsible for the Reebok brand’s business worldwide. Harrington has had experience in almost all areas of the business including finance, sales and marketing, and operations. Prior to becoming president and CEO of Reebok, he oversaw Reebok’s global retail division including sales and marketing for the North America, Europe and Asia Pacific regions. Harrington also served as Reebok’s senior vice president of international operations, and chief supply chain officer. He joined Reebok in 1994 as director of strategic planning.

Harrington’s career also includes senior-level positions at Levi Strauss and Ford Motor Company. He holds a bachelor’s degree from Clark University in Worcester, Mass., and a master’s degree in business administration from Babson College in Wellesley, Mass.

Mr. Mayhew commented, “Easton-Bell is an extraordinary company with a tremendous portfolio of brands. Easton®, Bell®, Riddell® and Giro® are brand names that athletes at all levels of play can depend on to deliver premium performance and athletic protection. We are fortunate to have identified Paul as our next CEO and believe his leadership skills and experience with a world-class sporting goods company make him perfectly suited to lead Easton-Bell into its next phase of growth.”