August 27, 2016 8:47 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 offers guitars, basses, amplifiers, keyboards, effects pedals, workstations, drums, percussion, microphones, PA systems, DJ equipment, stage lighting, recording software, studio gear, folk instruments, band and orchestra, pro-audio equipment, accessories and equipment, books, sheet music, media equipment, classroom and kids equipment, clothing and collectibles, and more. The company also provides repairs, maintenance, and modification services. It offers its products through stores in the United States. The company was founded in 1959 and is based in Westlake Village, California. Guitar Center, Inc. operate...

5795 Lindero Canyon Road

Westlake Village, CA 91362

United States

Founded in 1959

7,738 Employees

Phone:

818-735-8800

Fax:

818-735-4923

Key Executives for Guitar Center, Inc.

Chief Executive Officer
Age: 58
President
Age: 53
Chief Financial Officer and Executive Vice President
Age: 47
Chief Executive Officer of Music and Arts Center
Age: 60
President of Music & Arts
Age: 50
Compensation as of Fiscal Year 2016.

Guitar Center, Inc. Key Developments

Guitar Center Opens New 8,000 Sqft Facility in Norman, Oklahoma

Guitar Center has announced the opening of its new 8,000 sqft facility located at 2202 24th Avenue in Norman, Oklahoma. The new location offers local musicians and music lovers an ample assortment of products and services to meet all of their music related needs. The new Norman store will feature modern showrooms equipped with the latest products for musicians - from guitars, amplifiers, percussion instruments and keyboards to live sound, DJ, lighting and recording equipment.

Guitar Center Announces Management Changes

Guitar Center announced that Darrell Webb will retire from his positions with the company, effective upon the naming of his successor as Chief Executive Officer. Guitar Center expects to finalize the promotion of Ron Japinga as Webb's successor in the coming days. Japinga's promotion to CEO will follow his recent promotion to President of Guitar Center. In his new role, Japinga will expand his responsibilities to include the entire Guitar Center enterprise. Japinga's promotion will provide Guitar Center with the opportunity to continue building on the company's strategic initiatives. Before joining the team at Guitar Center, Japinga had an impressive 8-year career at West Marine where he was the Executive Vice President of Merchandising, Planning and Logistics.

Guitar Center Appoints Ron Japinga as President, Effective June 15, 2016

Guitar Center has appointed Ron Japinga to the position of President, effective June 15, 2016. In his new position, Japinga will oversee and manage all aspects of Guitar Center's business and work closely with GC's executive team to ensure Guitar Center's long-term growth while better serving its customers' needs and leveraging the depth of talent and resources that exist throughout the GC organization. Before joining Guitar Center as Executive Vice President of Inventory Management and Supply Chain, Japinga had an impressive 8-year career at West Marine where he was the Executive Vice President of Merchandising, Planning and Logistics.

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Recent Private Companies Transactions

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