Changes at MacGregor Golf
Golf equipment and outerwear manufacturer MacGregor Golf Company has completed a recapitalisation, led by three of its existing investors. Terms of the investment were not disclosed.
The existing investors are Sankaty Advisors, LLC, golf professional Greg Norman and the Gordon P. Getty Family Trust.
MacGregor also announced that its current CEO, Barry Schneider, is leaving the company and has already started to seek a replacement.
Suzy Biszantz and Dave Hall continue to manage the Greg Norman Collection, while Reid Gorman continues in charge at MacGregor Golf North America. John Ennis will continue to run MacGregor Golf Europe, and Makoto Tanaka remains head of MacGregor Golf Asia.
Greg Norman has been appointed chairman of the board of directors and will play an active role in the company's development and marketing.
