AUG. 24 I APPOINTMENTS I GUITAR CENTER
Trojan New CEO of Guitar Center
Guitar Center has announced a management succession plan to be implemented during the fourth quarter of 2010. Under this plan, Greg Trojan, currently president and COO of GC, will assume the position of CEO. He will remain a member of Guitar Center’s board of directors. Marty Albertson, presently chairman of the board and CEO, will step down as CEO but will remain as non-executive chairman of the board.
“I am thrilled to take on the role of non-executive chairman,” Albertson said. “This will allow me to pursue many other interests and still contribute to Guitar Center in a strategic capacity. I asked Greg to join the Guitar Center team nearly three years ago as part of my effort to groom a successor for the CEO role, and my confidence in his ability to successfully lead the company was critical to my decision to change my role at this time.”