Outdoor gear retailer MEC names COO Peter Hlynsky as new CEO

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 92%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

Hlynsky takes over from Eric Claus, who led MEC in the wake of it filing for creditor protection and being sold to U.S.-based private investment firm Kingswood Capital Management

Hlynsky joined the Vancouver-based outdoor gear company in 2020, serving as its chief financial officer and then chief operating officer.

He takes over from Eric Claus, who led the company in the wake of it filing for creditor protection and being sold to U.S.-based private investment firm Kingswood Capital Management. Hlynsky says he doesn’t expect to radically change the business but will continue with the supply chain overhaul the company has been working on for several years.

He says the overhaul will be apparent to customers this holiday shopping season because the retailer has worked with vendors to lower prices by ordering twice as much product but selling it at half the price. Hlynsky says that model generates more sales because it gets product moving through the system and allows the company to quickly ready itself for the next season.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines