City Sports Announces Resignation of CEO
Board names CFO Jim Kessler as acting CEO as former company head Jeff Connor resigns
BOSTON, Aug. 16, 2012 /PRNewswire/ -- City Sports today announced the resignation of President and CEO Jeff Connor, effective immediately. Chairman Tom Stemberg of Highland Capital has named City Sports' Chief Financial Officer Jim Kessler as acting CEO until a new appointment is announced in the coming weeks.
"After 22 rewarding years as part of the City Sports team, it's time for me to make a change," said Connor, who was named CEO in December of 2008. "At this juncture, it's best for City Sports to make room for a new perspective. I have enjoyed being part of the company's tremendous growth and success over the past two decades."
"Following a busy and expansive year for City Sports, Highland Capital looks forward to building on the brand's strategic direction. We are deeply grateful for the tremendous efforts City Sports' employees have put into the business and appreciative of their desire for strong leadership," said Stemberg.
Nearing its 30th anniversary in 2013, City Sports' growth hit a new high this past year with the launch of five new retail locations, including the buzzed-about shop in Burlington, Vt. that opened in May. City Sports recently topped two of Boston's most revered annual retailer lists, winning 2012 honors from Boston Magazine and The Improper Bostonian for Best Men's Fitness Clothing and Best Sporting Goods respectively.
About City Sports:
An award-winning specialty athletic retailer headquartered in Boston, City Sports is the premiere destination for urban athletes and active lifestyle enthusiasts. The company operates 21 metropolitan stores across the East Coast, with locations in Boston, Providence, New York, Philadelphia, Washington, D.C., Baltimore and Burlington, Vt. City Sports offers a comprehensive assortment of performance footwear, equipment and apparel from leading athletic and special niche brands, as well as its proprietary "CS by City Sports" line, all focused on outfitting the athlete who participates in running, triathlons, training, cycling, swimming, yoga and tennis. City Sports was named one of 2010's "50 Best Running Stores in America" by the Independent Running Retailers Association in conjunction with Formula4Media. www.citysports.com
SOURCE City Sports
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