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  1. Pelle P
    Jan 17, 2007 @ 10:49

    Peter, du som har koll!
    Larry L på storen (Artemis), blev inte han avsatt fr Quantum??


  2. Peter Gustafsson
    Jan 17, 2007 @ 11:01

    Ja, det verkar ha gått livat till i styrelserummet och som vanligt finns det (minst) två versioner av vad som hände (se nedan).

    Han verkar dock fortfarande vara involverad på nåt sätt… eller så ser han bara till att hålla sina kunder happy!?

    – – – – –

    Larry från Scuttlebutt:


    A recent press release distributed by Quantum Sail Design Group painted an inaccurate picture of the events surrounding my separation from the company. It said that “Larry Leonard is stepping down and relinquishing his role in the day to day operations of the company.” This is simply untrue. I received the surprise news of my termination via letter without warning, and would never have dreamed of stepping down from the company I founded 10 years ago.

    The press release featured another confusing statement that I will “continue to be a minority shareholder” in the company. To set the record straight, I am the largest shareholder of Class A stock in Quantum. Doug DeVos, as the company’s largest investor, is the sole shareholder of Class B stock and owns a controlling interest in the company.

    As of today, I have yet to receive a plausible explanation for being fired, and my requests to meet with Quantum’s remaining three partners have been rejected. In addition, my many friends and associates in the sailing community have received vague answers and negative innuendo from company representatives about my departure.

    While it’s no fun defending my reputation, these inaccuracies by the company must be refuted. My heartfelt appreciation goes out to the hundreds of people from around the world who have called and written with their support. It’s been a great source of comfort for me and my family in these difficult times. I look forward to seeing my many friends at this week’s U.S. Sailboat Show in my hometown of Annapolis.

    – – – – –

    Quantum Sail founder’s departure sends shock waves through sailing community

    By IBI Magazine/Michael Verdon

    The ouster of managing partner Larry Leonard from Quantum Sail Design Group has set sailing chat rooms ablaze with alternating indignation, remorse and speculation.

    Quantum sent out a release last week saying that Larry Leonard is “stepping down and relinquishing his role in the day-to-day operations of the company,” but will continue to be a minority share holder in the company.

    Leonard, who founded Quantum in 1996 with five employees and a single loft in Annapolis, Maryland, said he was forced out. “I received this surprise news via letter and have been given no plausible cause or explanation for it,” Leonard said in a September 25 statement. “To add insult to injury, Quantum’s new management and majority shareholders have refused to meet with me to discuss their action or my continuing role as a member of the company going forward.”

    “This was a very difficult decision,” said Ed Reynolds, Quantum president and a founding partner, in a second Quantum release issued September 27th. “Over the past three years our structure has changed from a collection of sole proprietorships to a unified, global corporate entity. Quite simply, we have been unable to come up with a way to redefine Larry’s role within the company that is acceptable to all parties.”

    According to a story in the Annapolis Capital, Quantum’s corporate structure changed dramatically when Leonard sold controlling interest to Doug DeVos of Grand Rapids, Michigan, in 2005. “Industry sources” told the paper that DeVos and Farley Fontenot approved the firing of Leonard.

    “We acknowledge and appreciate all the contributions Larry has made in helping create the Quantum Sail Design Group,” said Fontenot, a Quantum co-founder, in the statement. “It is due in part to his original vision that we owe the strength of our current position. Quantum has gone through a period of unprecedented growth and is today enjoying a period of financial and market success that would have been impossible without the groundwork he helped lay.”

    The company is the second-largest sailmaker in the world, with more than 60 locations in 22 countries, and according to The Capital, it has revenues of US$20-30 million.

    The news sent chat rooms like those on ablaze with postings from racing sailors who regard Leonard as something of a sailmaking guru. “Larry Leonard is Quantum,” wrote one sailor, setting the tone for the dozens of postings that followed.

    Quantum marketing director Dave Flynn, senior designer Per Andersson, operations manager Doug Stewart and veteran salesman Tad Hutchins all started with Leonard when he was an affiliate of Sobstad Sailmakers. “This whole thing is a bit of a shock to all of us,” Flynn told The Capital. “We have all worked very closely with Larry for many, many years and he is our friend.”

    Leonard started as a sailmaker in 1976 using slide rules and cutting fabric by hand.

    “Larry Leonard is the consummate sailmaker. He has an innate ability to get on a boat, look at a sail and immediately figure out how to make the sail work better and the boat go faster,” Flynn told the paper. “Everyone in the industry has great respect for his abilities as a pure sailmaker.”

    Leonard did not return IBI’s calls by press time for comment.


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