David Jones Resigns

David Jones
Resigns Amid Financial Crisis

29 Aug 2000

David Jones resigned as President, CEO of OMC amid their ongoing financial crisis. Roger Fix, who joined the company in June, is the new President & CEO.

Robert (Bob) Gowans OMC VP and over North American Engine Operations also resigned. Jones and Gowans were both high level Mercury executives before moving to OMC.

You can read details of the financial crisis in an August 28th Crains article, OMC Taking on Water Fast.

Roger Fix Named President and CEO of OMC

Press Release

WAUKEGAN, Ill., Aug. 28 /PRNewswire/ -- Outboard Marine Corporation (OMC)
announced today that David D. Jones, Chairman of the Board, President and Chief 
Executive Officer, has resigned from the Company. The Board of Directors has 
elected Roger L. Fix to succeed Mr. Jones as the Company's President and Chief 
Executive Officer. Mr. Fix previously was Chief Operating Officer of OMC. 

Mr. Jones joined OMC in September, 1997 when it was acquired by Greenmarine 
Holdings. Since that time, he has served as the Company's President and Chief 
Executive Officer and later as Chairman of the Board. 

In announcing the change, Mr. Fix said, "In accepting David's resignation, we 
wish him the best and plan to continue those positive initiatives and directives 
which were begun during his tenure." 

In a separate action, the Company also announced that Robert B. Gowens, Vice 
President of OMC and President of its North American Engine Operations, has 
resigned to pursue other interests. 

Outboard Marine Corporation is a leading manufacturer and marketer of
internationally-known boat brands, including Chris-Craft(R), Four Winns(R), 
Seaswirl(R), Javelin(R), Stratos(R), Lowe(R), Hydra-Sports(R), and Princecraft(R); 
marine accessories and marine engines, under the brand names of Johnson(R) 
and Evinrude(R); and FICHT(R) Ram Injection(TM) - the world's premier low-emission 
two-stroke outboard engine technology. 

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