World Footwear

Companies

Tim Boyle to serve as acting Chairman of Columbia Sportswear

Nov 7, 2019 United States
Tim Boyle to serve as acting Chairman of Columbia Sportswear
The decision of the company's Board of Directors follows the passing of Gert Boyle
The Oregon-based company has announced that, in accordance with prior actions by the company’s Board of Directors, President and CEO Timothy P. Boyle will serve as Acting Chairman of the Board following the passing of Gertrude Boyle.

The Board intends to consider and take action regarding the formal appointment of a new Chairman of the Board at its next regularly scheduled Board meeting in January 2020.

In addition to her leadership role within the Columbia Sportswear, Mrs. Boyle held a substantial number of shares of the company’s common stock. As of the 1st of April 2019, Gertrude Boyle held 9.4 million shares of the Columbia’s common stock, representing approximately 14% of the total shares outstanding. It is anticipated that the executor of Mrs. Boyle’s estate will be Sarah A. Bany, a longtime member of the Board and the sister of Timothy P. Boyle.

The company understands that Mrs. Boyle’s estate plans call for the disposition of assets (which may include shares of the company’s common stock) primarily to charitable foundations founded by family members, as well as directly to family members. The company further understands that under current tax law, family charitable foundations receiving shares of the company’s common stock would have up to five years to sell those shares, subject to any extensions. The Company intends to work with the parties to ensure the orderly transition of share ownership over the coming years

Related Events

  • Jul
    9
    Jul 9-Jul 10, 2024 | St. Paul, Minnesota, United States

    Northwest Shoe Travelers Market

  • Jul
    17
    Jul 17-Jul 18, 2024 | New York, United States

    Lineapelle New York

  • Jul
    22
    Jul 22-Jul 23, 2024 | Portland, United States

    Polymers in Footwear Portland

  • Jul
    24
    Jul 24-Jul 25, 2024 | Chicago, United States

    Chicago Shoe Market

Related Organizations

  • USFMA - United States Footwear Manufacturers

    USFMA - United States Footwear Manufacturers

    United States
  • USRA - United Shoe Retailers

    USRA - United Shoe Retailers

    United States
  • Chicago School of Shoemaking & Leather Arts

    Chicago School of Shoemaking & Leather Arts

    United States
  • BSTA - Boston Shoe Travelers Association

    BSTA - Boston Shoe Travelers Association

    United States