Linda Pearce, chief financial officer (CFO) of fitness product
), recently put down her papers to take up another
opportunity. However, Pearce will continue with the company
till Jul 2, 2013. Vancouver, Wash.-based Nautilus is now on an
extensive lookout for a suitable successor.
Hailing from Oregon, Pearce is leaving Nautilus in less than a
year's time to pursue the same position at Ore.-based Tillamook
County Creamery Association, a large dairy cooperative.
Pearce's recruitment at Nautilus followed the resignation of the
previous incumbent Michael D. Mulholland who bowed out in Jan
2012 after serving the company for just about nine months. The
company did not cite any reason for his resignation. We believe,
frequent changes in top management remain a cause of concern for
Under her financial leadership, Nautilus performed quite
satisfactorily and scaled new heights. Over the last four
quarters, this consumer fitness products company operating in the
US and Canada turned around from a loss making entity to
delivering profits. Its bottom-line also beat the Zacks Consensus
Estimates for the last four quarters.
Prior to that, Nautilus had a tough time in conforming to the New
York Stock Exchange listing regulations. However, Nautilus
managed to conform to the NYSE Listing Standards again in Mar,
Coming to Pearce, she has donned many important roles in her
illustrious career. Prior to joining Nautilus, she served as the
executive vice president and CFO of an off-road equipment and
accessories company Warn Industries - a subsidiary of
) since 2000. She also served Warn industries as an interim
president for all global operations.
Before joining Warn Industries, Pearce assumed several financial
management positions at companies like Gardenburger Inc.,
Blount International Inc.
) and Lindsay Forest Products Inc.
Considering Pearce's vast know-how in financial management and
her 25-year long experience as a financial expert with leading
companies, we believe Nautilus is losing a great employee.
Nautilus currently carries a Zacks Rank #2 (Buy). We believe,
the new recruit will face a tough job of carrying on the
company's winning momentum in a sluggish business environment.
For us, an element of uncertainty will prevail till a permanent
CFO is appointed.
Another multi-channel retailer
) is also similarly placed with a Zacks Rank #2 (Buy).
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