Columbia New Members Of The Board

Columbia Sportswear Co., the famous outdoor apparel company, announced that it would hire Malia H. Wasson, chairman of the US Bank of Oregon and southwest Washington, to join the board of directors of the company to become the eleventh member of the board and the three female member.

Wasson has been an executive at Bank of America since 2005.

Wasson is the third member of the Columbia Sportswear Co. board following the founder, chairman of the board, Gert Boyle old lady, co founder of Moonstruck chocolate company, daughter of Boyle and chief executive officer Tim Boyle's sister Sarah Sarah.

"Malia has brought strong leadership and consulting skills to our board of directors," Tim Boyle said in a statement. "I am confident that she will be a staunch supporter of our shareholders' interests, a trusted board member, a valuable consultant for our management and business."

The addition of Wasson is the second time that Columbia Sportswear Co. has made a recent adjustment to the board of directors.

Prior to that, the founder's son, Tim Boyle, President and CEO of Columbia company since 1988, will continue to lead the company as CEO in the future, and will no longer serve as global CEO.

The company's 17 year old executive vice president and chief operating officer, Bryan Timm, will take over as chief executive officer and continue to serve as chief operating officer.

The appointment came into effect on February 25th; Peter Bragdon was promoted to executive vice president, chief executive officer and general counsel of the company.

Bragdon has served in Columbia company for 13 years. Since 2010, she has served as senior vice president in charge of law, and has served as general counsel and general secretary of the company. Tom Cusick has been promoted to the new position, executive vice president of finance.

It will take effect immediately.

Cusick has served in Columbia company for 13 years, and has worked in several departments of the financial system. Since 2010, he has served as senior vice president and chief financial officer in charge of finance.

Founded in 1938, Columbia

The company has developed from a neighbor shop selling clothes and accessories to the world's first outdoor sportswear brand. It owns five outdoor brands, including Columbia, Sorel, Mountain Hardwea, prAna and Montrail.

Headquartered in Portland, Oregon, the company has more than 3000 employees and distributes and sells Columbia products in over 100 countries, with more than 13000 retail outlets worldwide. In 2011, the total revenue of the company was $1 billion 694 million.

It was $1 billion 669 million 600 thousand in 2012 and $1 billion 680 million in 2013.

In the 2014 year, Columbia's financial revenue was high and net sales increased by US $415 million 600 thousand, or 25 percentage points to US $2 billion 100 million, higher than the previous 2 billion 60 million US dollars; business income soared from 51% to US $198 million 800 thousand; gross profit margin net sales increased from 7.8% to 9.5% last year; annual net income increased 45% to 137 million 200 thousand dollars; diluted earnings per share were US $(net income in 2013 and US earnings per share).

In 2014, the Columbia new China joint venture company achieved a net sales of US $161 million 400 thousand, accounting for about 7.7% of the total.