| PRESTON, Wash., April 11 -- Ride, Inc. (Nasdaq: RIDE) announced today
that the responsibilities of the Chairman of the Board will be absorbed into
those of the Company's chief executive officer, Bob Hall, and the chief financial
officer, Scott Stewart. Roger Madison, Jr., the Company's Chairman of the
Board, is resigning those responsibilities effective April 18, 1997. Mr.
Madison continues to serve his term on the board of directors. Additionally,
Mr. Madison will continue to assist the Company on a contract basis identifying
merger and action candidates.
"Since co-founding Ride, Inc. in 1992, Roger has provided the leadership
and vision to grow Ride in five short years to the number two snowboard company
in the world," said Bob Hall, president and chief executive. "The Board and
all of Ride's stakeholders appreciate Roger's commitment to innovation and
service which he instilled in the Company. We look forward to our continuing
relationship with Roger concerning strategic acquisitionopportunities." |
