Mark Besca Appointed to Clarus’ Board of Directors
December 09 2024 - 7:59AM
Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”),
a global company focused on the outdoor enthusiast markets,
announced that the Company’s Board of Directors (the “Board”)
appointed Mr. Mark Besca to serve on the Board, effective as of
December 5, 2024. With Mr. Besca’s appointment, the Board will be
comprised of seven directors, six of whom are independent. Mr.
Besca was also appointed to the Audit Committee of the Company’s
Board.
Mr. Besca has over 40 years of accounting and financial
expertise serving in leadership roles as an advisor to Fortune 500
companies and as a public company board member. Since 2020, Mr.
Besca has been a member of the board of directors and Audit
Committee Chair of Markel Group Inc., a New York Stock Exchange
listed financial holding company with diverse operations. Prior to
his retirement in 2020, he spent 40 years at EY (formerly Ernst
& Young, LLP) serving as lead and senior advisory audit partner
to some of the largest public companies in the media and
entertainment, consumer products and airline industries. From 2017
until 2020, Mr. Besca was the Leader of Long-Term Value and
Stakeholder Capitalism initiative at EY. From 2012 to 2018, he
served as Managing Partner of EY’s New York City office with over
11,000 professionals, and from 2009 to 2011, he was Northeast
Managing Partner of EY’s Assurance and Advisory Business.
Mr. Besca received his M.B.A from Columbia Business School and
graduated with a B.B.A. in Accounting from Pace University’s Lubin
School of Business.
“We are very pleased to have Mark join the Clarus Board of
Directors and look forward to his contributions as the Company
takes the next steps in our turnaround,” said Warren Kanders,
Clarus’ Executive Chairman. “With deep financial expertise and
four-plus decades of experience serving public companies, Mark
represents a valuable addition to our Board.”
Mr. Besca commented, “It is an honor to join Clarus’s Board
during this pivotal period and help to unlock new growth
opportunities. I am excited to work alongside the Board and
management team to support the Company’s strategic roadmap and
drive sustainable value for shareholders.”
About Clarus CorporationHeadquartered in Salt
Lake City, Utah, Clarus Corporation is a global leader in the
design and development of best-in-class equipment and lifestyle
products for outdoor enthusiasts. Driven by our rich history of
engineering and innovation, our objective is to provide safe,
simple, effective and beautiful products so that our customers can
maximize their outdoor pursuits and adventures. Each of our brands
has a long history of continuous product innovation for core and
everyday users alike. The Company’s products are principally sold
globally under the Black Diamond®, Rhino-Rack®, MAXTRAX®, TRED
Outdoors® brand names through outdoor specialty and online
retailers, our own websites, distributors, and original equipment
manufacturers.
Forward-Looking StatementsPlease note that in
this press release we may use words such as “appears,”
“anticipates,” “believes,” “plans,” “expects,” “intends,” “future,”
and similar expressions which constitute forward-looking statements
within the meaning of the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements are made based on our expectations and beliefs
concerning future events impacting the Company and therefore
involve a number of risks and uncertainties. We caution that
forward-looking statements are not guarantees and that actual
results could differ materially from those expressed or implied in
the forward-looking statements. Potential risks and uncertainties
that could cause the actual results of operations or financial
condition of the Company to differ materially from those expressed
or implied by forward-looking statements in this release, include,
but are not limited to, those risks and uncertainties more fully
described from time to time in the Company's public reports filed
with the Securities and Exchange Commission, including under the
section titled “Risk Factors” in the Company's Annual Report on
Form 10-K, and/or Quarterly Reports on Form 10-Q, as well as in the
Company’s Current Reports on Form 8-K. All forward-looking
statements included in this press release are based upon
information available to the Company as of the date of this press
release and speak only as of the date hereof. We assume no
obligation to update any forward-looking statements to reflect
events or circumstances after the date of this press release.
Company Contact:Michael J. YatesChief Financial
Officermike.yates@claruscorp.com
Investor Relations:The IGB GroupLeon Berman /
Matt BerkowitzTel 1-212-477-8438 / 1-212-227-7098lberman@igbir.com
/ mberkowitz@igbir.com
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