WESTLAKE VILLAGE, CA, August 24, 2010 â€” Guitar Center, Inc. announced a management succession plan to be implemented during the fourth quarter of 2010. Under this plan, Greg Trojan, presently President and Chief Operating Officer, will assume the position of Chief Executive Officer. Mr. Trojan will also remain a member of Guitar Centerâ€™s Board of Directors. Marty Albertson, presently Chairman of the Board and Chief Executive Officer, will step down as Chief Executive Officer but will remain as non-executive Chairman of the Board.
Marty Albertson said, â€œI am thrilled to take on the role of non-executive Chairman. This will allow me to pursue many other interests and still contribute to Guitar Center in a strategic capacity. Guitar Center has a tremendous culture and exciting future, and I intend to stay involved in the company.â€? more