It’s been reported that Kevin Styles, CEO of American Golf has left the company and been replaced on an interim basis by Alan Fort, an expert in corporate restructuring. Stuart Owens formerly CFO has also left the company to be replaced by Taylor Boyd, on a temporary basis.
American Golf is owned by private equity firm Sun European Partners. Last year Sun Capital Partners, Inc, (which is associated with Sun European Partners) put the Florida based Edwin Watts golf retail chain with 91 stores into US Chapter 11 bankruptcy protection, before the business was sold on. Enquiries to American Golf are being referred to FTI Consulting which specialises in corporate finance and restructuring.
A spokesperson at American Golf stated, “American Golf confirms that Kevin Styles has left the company after two years as CEO and Stuart Owens, CFO has also left the business to pursue other opportunities. In the meantime, Alan Fort has been hired as interim CEO and Taylor Boyd has taken over as interim CFO until permanent replacements are appointed. Alan and Taylor both have extensive retail experience and will be working closely with the rest of the board to take the well-established and growing business forward. We wish both Kevin and Stuart every success in the future.”