West Marine announced that president and chief executive officer Geoff Eisenberg plans to resign once a new president/CEO is appointed.
Following a leadership transition period, Eisenberg, 59, will serve as a special adviser to the West Marine board of directors, the company said.
“On behalf of the board of directors I thank Geoff for his dedicated, skilled and effective leadership,” board chairman and company founder Randy Repass said in a statement. “He led us from a difficult chapter in the company’s history to where we find ourselves today; a very strong West Marine that is securely positioned for future growth. As the result of his leadership, along with the outstanding efforts of our 4,000-plus associates, virtually every measure of financial and non-financial performance has significantly improved.”
West Marine has already initiated the search for a new CEO and Repass noted that internal and external candidates will be considered.
“We have no specific time frame in which to fill the position,” he added. “The key is to find someone who can successfully build on the strong platform Geoff and the team have created.”
Eisenberg, who served the company in senior executive positions for much of the last 36 years, said, “It has been an honor to lead West Marine. The progress we’ve made on behalf of customers, associates and shareholders has been realized because of the dedicated and professional performance of our remarkable team. Whether it’s the development of our brand, our culture or our financials, collectively we’ve been able to earn very good results in the short term while preparing for the long term. Now I look forward to seeing my successor work to achieve an even higher level of success.”