SAN DIEGO – December 10, 2013 – Competitor Group, Inc., (CGI) the leading active lifestyle sports media and event entertainment company, today announced that its board of directors has named Paul F. Walsh as interim CEO and George Gresham as interim CFO while it conducts a worldwide search to find a permanent replacement for Scott Dickey and Steve Gintowt, both of whom are transitioning out of the company.
“We appreciate Scott and Steve’s endeavors over the past five years, adding many world-class events and brands to the company, and their hard work as the business transitioned ownership,” said Walsh. “The board and I could not be more excited about the future of Competitor Group and now are focused on positioning the company for strategic growth through continued innovation and building upon the strong foundation of quality branded events, compelling content and world-class services CGI has provided.”
Walsh is currently chairman of the board of CGI and brings more than three decades of global executive experience to his new role with CGI. Previously, Walsh served as CEO of eFunds Corporation (NYSE: EFD), Wright Express, BancOne Diversified Services and Diners Club Germany. Walsh also serves as a director of Staples, Inc. (NASDAQ:SPLS), as chairman of the board of Sterling InfoSystems, and is a former member of the board of trustees at the Thunderbird School of Global Management.
Gresham also brings extensive experience and financial expertise to CGI and has been acting as an advisor to the company. Previously, Gresham served as executive vice president and CFO of NetSpend Holdings (NASDAQ: NTSP) where he led a successful initial public offering in 2010. Prior to that, he was CFO at GCA Holdings (NYSE: GCA) and eFunds Corporation, where he worked closely with Walsh.
About Competitor Group, Inc.
Headquartered in San Diego, Calif., Competitor Group, Inc. (CGI) is the active lifestyle industry’s leading media and event entertainment company. CGI’s portfolio of media assets span the full range of the expanding endurance industry and include a robust digital community on the web and on mobile across the Competitor Endurance Sports Network of websites. Additionally, Raceit.com, a leading digital registration platform, is the catalyst for the company’s race services offering that looks to meet the needs not only for the company’s owned and operated events, but also for endurance events of all sizes on behalf of the entire industry.
CGI owns and operates 83 events around the world, including the flagship Rock ‘n’ Roll Marathon Series, TriRock Triathlon Series, NFL Run Series, Women’s Running Series and the REI Muddy Buddy Series, collectively delivering more than 600,000 professional and amateur participants in 2013. Anchoring the company with rich content and marketing leverage are five publishing properties dedicated to running, cycling and triathlon including Velo, Inside Triathlon, Triathlete, Women’s Running and Competitor with a combined monthly circulation of over 700,000. Further information about CGI and its digital, publishing and event properties can be found at CompetitorMediaKit.com.