Reggie Resigns

[JaJo]

It's official Reggie Fountain has resigned from Fountain Powerboats:

http://www.powerboatmag.com/reggie-fountain-resigns-eyes-new-direction.html

 

[BUIZILLA]

there is another topic already started on this... no need to be redundant, his ego is out of control as it is..

 

[jeffbare]

BREAKING NEWS: Reggie Fountain resigns
Posted on December 10, 2010 ShareThis Reggie Fountain, who founded Fountain Powerboats more than 30 years ago, today announced his resignation from the company.


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"There are key differences in opinion and philosophy between the current owners and myself on how to run the company," Fountain said in a statement.

"I've always been one that plotted his own course and feel the best ways to utilize my talents is in new-product development, racing and working directly with my customers," he added. "The performance-boat business is changing fast, and there are certain basic elements that must be in place to succeed."

Fountain filed for Chapter 11 bankruptcy protection in August 2009.

After the company was sold to Liberty Associates, Fountain told Soundings Trade Only that he was happy with how things had worked out.

Liberty Associates also is the majority shareholder of Donzi Marine and Pro-Line Boats. It was recently announced that production of both of those lines will be moved to Fountain's Washington, N.C., facility. Liberty also recently announced plans to relaunch Baja as a standalone line.

It also was recently announced that Fountain Powerboats was discontinuing its factory-direct Fountain Factory Superstore, citing new sales strategies.

John Walker, chief operating officer of Fountain, could not be reached for immediate comment this afternoon.

Fountain's statement did not seem to rule out his return to the boating industry.

"Although I'm not able to announce any firm plans moving forward, boatbuilding has always been my passion, and the future looks both exciting and challenging," he said.

 

[JaJo]

Sorry, had not seen one in the forums yet about his announcement. Best of luck to him anyhow.

 

[Slandrew]

He built a good boat good luck to him hope he builds more!Then Johnny Walker will be walking not talking:boxing_smiley:

 

[Dreamer]

"The performance-boat business is changing fast, and there are certain basic elements that must be in place to succeed."

Fountain filed for Chapter 11 bankruptcy protection in August 2009.





anyone else see the humor?

 

[BBB725]

Maybe Reggie will make this the next Champion and AC spark plug story

 

[Bobcat]

Dancing with the Stars or next seasons Survivor is what I see in the tabloids.

 

[First Gun]

He built a good boat good luck to him hope he builds more!Then Johnny Walker will be walking not talking:boxing_smiley:

Funny I saw him today:huh:

 

[detail toyz]

Love him or hate him, In no way is this good for the sport!

 

[Donskihp]

Nobody can argue Reggie knows how to make his boats fast. Fountain won't be the same without him.

 

[smallblock]

it is what it is .. catkiller is one of the fastest v bottoms i hope reggie comes back with a boat to wip catkillers azz.

 

[fund razor]

Sorry, had not seen one in the forums yet about his announcement. Best of luck to him anyhow.

Thanks for the post. I did not know about this development, and can't find another announcement other than the joke thread that was posted after yours.