February 01, 2015 3:47 AM ET

Specialty Retail

Company Overview of Guitar Center, Inc.

Company Overview

Guitar Center, Inc. operates as a retailer of music products in the United States. It operates three business segments: Guitar Center, Direct Response, and Music & Arts. The Guitar Center segment offers guitars, amplifiers, percussion instruments, keyboards, and pro audio and recording equipment through its retail stores and online. It also provides repair services, and rehearsal and/or lesson space. As of October 21, 2013, this segment operated approximately 250 Guitar Center stores The Direct Response segment is involved in the catalog and online sale of a range of music products under various brand names. This segment operates musiciansfriend.com Web site The Music & Arts segment rents an...

5795 Lindero Canyon Road

Westlake Village, CA 91362

United States

Founded in 1959

7,738 Employees

Phone:

818-735-8800

Key Executives for Guitar Center, Inc.

Chief Executive Officer and President
Age: 56
Chief Financial Officer and Executive Vice President
Age: 45
Chief Executive Officer of Music and Arts Center
Age: 58
President of Music & Arts
Age: 48
Principal Accounting Officer
Compensation as of Fiscal Year 2014.

Guitar Center, Inc. Key Developments

Guitar Center Names Michael Amkreutz as Executive Vice President, Marketing, Merchandising and E-Commerce

Guitar Center has announced the appointment of Michael Amkreutz to the position of Executive Vice President, Marketing, Merchandising and E-Commerce, for the Guitar Center brand. In this new role, Amkreutz will be responsible for all aspects of GC's product assortment, in-store merchandising, marketing campaigns and e-commerce strategy. Amkreutz joins Guitar Center from Systemax North American Technologies, where he most recently held the role of Chief Marketing Officer.

Guitar Center, Inc. Announces Executive Changes

Guitar Center announced that its Board of Directors appointed Darrell Webb to be the company's new President and Chief Executive Officer, effective immediately. Mr. Webb, a proven executive with experience growing multiple retail businesses, was recruited by the Board to lead Guitar Center as the company looks to capitalize on its growth prospects. Mr. Webb replaces former CEO Mike Pratt, who resigned. Mr. Webb has more than 30 years of experience in retailing and has led several multi-billion dollar retailers through periods of rapid growth. From 2011 to 2013, Mr. Webb served as Chairman and CEO of The Sports Authority, Inc. Prior to that, between 2006 and 2011, Mr. Webb was Chairman, CEO and President of Jo-Ann Fabric & Craft Stores, the large fabric and craft retailer in the U.S., which had record earnings during his leadership. Prior to Jo-Ann, Mr. Webb spent more than 20 years with Fred Meyer, Inc. and The Kroger Company, following its merger with Fred Meyer. At Kroger, Mr. Webb most recently served as President of Fred Meyer Stores from 2002 to 2006.

Guitar Center Appoints Eddie Combs as Senior Vice President of Marketing

Guitar Center has appointed Eddie Combs as senior vice president of marketing. Combs' extensive expertise in eCommerce, digital marketing, mobile experiences, customer loyalty and demographic targeting will allow him to drive Guitar Center's innovative branding efforts and marketing initiatives. In his role, Combs will work closely with Christopher Ian Bennett, VP, Communications and Corporate Affairs; Dustin Hinz, VP, Brand Experience and Entertainment Marketing; and Jeff Hiller, VP, Brand Manager, to strengthen GC's retail marketing strategy to help elevate sales and store traffic. After an extensive career at Motorola in various marketing roles, Eddie joined Sears in 2007, where he held several marketing leadership roles in the Home Improvement, Fitness, and Consumer Electronics Divisions. Most recently, Eddie was the vice president and Chief Marketing Officer for Sears Holding Corporations' Home Appliance Business.

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