Black Diamond to Appoint Vice President of Finance Aaron Kuehne to Interim CFO
SALT LAKE CITY, Feb. 14, 2013 (GLOBE NEWSWIRE) -- Black Diamond, Inc.
(Nasdaq:BDE) (the "Company" or "Black Diamond"),a global leadingsupplier of
innovative, high performance, outdoor and action sport equipment as well as
aspirational active outdoor lifestyle products, is expected to appoint Aaron
Kuehne to interim chief financial officer, effective March 15, 2013, serving
as the Company's principal financial officer and principal accounting officer.
Kuehne, the Company's current vice president of finance, will succeed Robert
Peay, who has tendered his resignation from the position to pursue personal
interests effective as of March 15, 2013. Peay plans to remain involved with
the Company on a part-time basis through the end of 2013.
"Robert has been with Black Diamond for more than 16 years and we owe him deep
gratitude for the quality of his service and significant contributions," said
Peter Metcalf, president and CEO of Black Diamond. "He has been a trusted
partner who earned the respect of our board of directors, our shareholders and
all of our associates, and we wish him the very best in his new endeavors."
Kuehne, who has been with Black Diamond for more than two years, earned his
MBA from the University of Utah and is a CPA with prior experience as a
manager at KPMG. Before joining the Company in 2010, Kuehne served as the
corporate controller of Certiport, a leading provider of value-added test
delivery services for the global workforce and academic markets.
"Aaron has the complete support of the board and our executive management team
in assuming these responsibilities," said Metcalf. "During his time at Black
Diamond, he has shown leadership and dedication, being intimately involved in
our global accounting, finance and treasury functions, including the
development and execution of key strategic and financial initiatives, risk
management and the integration of our two recent acquisitions of POC and
PIEPS. Through his many travels to our worldwide locations, Aaron understands
the dynamics at play in continuing to execute our long-term strategic plan of
growing a profitable business that provides meaningful returns to our
The Company intends to conduct a formal search for a permanent CFO and Aaron
Kuehne will be considered part of that search.
About Black Diamond, Inc.
Black Diamond, Inc. is a global leader in the design, manufacturing and
marketing of innovative active outdoor performance products for climbing,
mountaineering, backpacking, skiing, cycling and other outdoor recreation
activities for a wide range of year-round use. The Company's principal brands,
Black Diamond®, Gregory™, POC™ and PIEPS™, are iconic in the active outdoor
industry and linked intrinsically with the modern history of these sports.
Black Diamond is synonymous with performance, innovation, durability and
safety that the outdoor and action sport communities rely on and embrace in
their active lifestyle. Headquartered in Salt Lake City at the base of the
Wasatch Mountains, the Company's products are created and tested on some of
the best alpine peaks, slopes, crags, roads and trails in the world. These
close connections to the Black Diamond lifestyle enhance the authenticity of
the Company's brands, inspire product innovation and strengthen customer
loyalty. The Company's products are sold by leading specialty retailers in the
U.S. and 50 countries around the world. For additional information, please
visit the Company's websites at www.blackdiamond-inc.com,
www.blackdiamondequipment.com, www.gregorypacks.com, www.pocsports.com or
Please note that in this press release we may use words such as "appears,"
"anticipates," "believes," "plans," "expects," "intends," "future," and
similar expressions which constitute forward-looking statements within the
meaning of the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements are made based on our
expectations and beliefs concerning future events impacting the Company and
therefore involve a number of risks and uncertainties. We caution that
forward-looking statements are not guarantees and that actual results could
differ materially from those expressed or implied in the forward-looking
statements. Potential risks and uncertainties that could cause the actual
results of operations or financial condition of the Company to differ
materially from those expressed or implied by forward-looking statements in
this release include, but are not limited to, the overall level of consumer
spending on our products; general economic conditions and other factors
affecting consumer confidence; disruption and volatility in the global capital
and credit markets; the financial strength of the Company's customers; the
Company's ability to implement its growth strategy; the Company's ability to
successfully integrate and grow acquisitions; the Company's exposure to
product liability or product warranty claims and other loss contingencies;
stability of the Company's manufacturing facilities and foreign suppliers; the
Company's ability to protect trademarks and other intellectual property
rights; fluctuations in the price, availability and quality of raw materials
and contracted products; foreign currency fluctuations; our ability to utilize
our net operating loss carryforwards; and legal, regulatory, political and
economic risks in international markets. More information on potential factors
that could affect the Company's financial results is included from time to
time in the Company's public reports filed with the Securities and Exchange
Commission, including the Company's Annual Report on Form 10-K, Quarterly
Reports on Form 10-Q, and Current Reports on Form 8-K. All forward-looking
statements included in this press release are based upon information available
to the Company as of the date of this press release, and speak only as of the
date hereof. We assume no obligation to update any forward-looking statements
to reflect events or circumstances after the date of this press release.
CONTACT: Company Contact:
Warren B. Kanders
Chief Executive Officer
Liolios Group, Inc.
Scott Liolios or Cody Slach
Black Diamond, Inc. Logo
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