New Balance Executive Team Announcement

New Balance announced this week that Jim Tompkins, President & COO at New Balance, will depart the company in early June. “My time with New Balance has been a great experience,” says Jim Tompkins. “I have had a lot of fun and am proud of the tremendous progress we have made over the last 25 years. We have grown the company 16 times since I started and developed a brand that is consistently ranked highly in consumer loyalty on a national scale. I have also made many good friends both in the company and the industry. I am taking the opportunity to leave knowing New Balance is in good hands to find a new challenge where my experience can be utilized to help another young business grow.”

“I wish to take this opportunity to thank Jim for his many contributions to New Balance,” says Rob DeMartini, CEO for New Balance. “Over the years, Jim has served New Balance well in a variety of roles, including Product manager, European Managing Director, Vice President R&D and President and COO. He has been instrumental in building the business and the New Balance brand to what it is today. We thank him for his leadership and wish him much success in the future.”

New Balance, headquartered in Boston, MA has the following mission: Demonstrating responsible leadership, we build global brands that athletes are proud to wear, associates are proud to create and communities are proud to host. New Balance employs more than 4000 people around the globe, and in 2007 reported worldwide sales of $1.63 billion. For more information please visit http://www.newbalance.com.