PR: Peter Weaver Named President And CEO Of Marker International
10/1/98

SALT LAKE CITY--Oct. 1, 1998--Marker International's (Nasdaq: MRKR) Chairman and acting CEO, John McMillian announced the appointment of Peter Weaver as the new chief at Marker International. Effective October 8, 1998, Weaver will be responsible for the world-wide operations of this ski industry company. Marker International is the parent of all Marker subsidiaries, worldwide, including Marker USA, Marker Germany, Marker Japan, Marker Canada and Marker Austria.

Weaver returns to Marker after leading Easton Technical Products for the last seven years. As President of this leading sporting goods company, he oversaw growth and development of the company in its archery and mountain product lines. Previously, he was President of Marker USA and Managing Director of Marker Germany.

Commenting on this new appointment, Weaver said, "I am pleased to accept the challenge of returning to Marker. I do not underestimate the severity of the financial difficulties arising from Marker s venture into the snowboard business, however, we have a core business which is healthy and which forms the basis for a strong company. We will quickly get back to that core and do the right things for the market and the company. The fact that there are many excellent people at the company and the product line is outstanding will help us respond rapidly. Expect change from Marker, but change that always respects what has made the company a leader."

John McMillian, on behalf of the Board of Directors of Marker International, mentioned the reasons for selecting Weaver, "The entire board is enthusiastic about the experience Peter will bring to Marker. He was in charge in Germany when the production facility was built and knows the operation and personnel there as well as understanding the world-wide ski market. This, plus his leadership position at Easton make him uniquely prepared to lead Marker into the future. We are convinced that his approach will be fresh and he will make the changes necessary to strengthen the company."

Weaver holds an undergraduate degree from Amherst College and a graduate degree from the University of Pennsylvania. He has over twenty five years experience in the sporting goods industry.

Marker International, through its subsidiaries in the United States, Germany, Japan, Switzerland, Austria, and Canada, is a leading designer, manufacturer and marketer of alpine ski bindings and related products. Marker Ltd., the Company's soft goods subsidiary designs, distributes, and markets outerwear, luggage, and gloves.

Except for historical information contained herein, the statements in this release are forward-looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties which may cause the Company's actual results in future periods to differ materially from forecasted results. Those risks include a softening of retailer or consumer acceptance of the Company s products, pricing pressures and other competitive factors. These and other risks are more fully described in the Company's filings with the Securities and Exchange Commission.

Back to Business Main