BOULDER, CO (BRAIN)—Hugh Walton, vice president of sales, product and marketing for Veltec Sports, is leaving the company. His last day will be March 31.
Walton joined Veltec Sports three years ago when it acquired some of the assets of Axcent Sports and the North American license for Descente Cycling apparel.
“They had Shebeest already and we created a softgoods team and a softgoods division. I’ve done that for the past three years; now it’s time for me to head out on my own again,” said Walton.
Walton, who founded Dash America, the licensee of Pearl Izumi, and also ran Hind under the Saucony umbrella prior to launching Axcent Sports, said he’s looking at some interesting future opportunities.
“I have some serious irons in the fire,” said Walton, adding that he couldn’t go into further detail.
Walton said he is leaving Veltec Sports on good terms, and at a time when the company is back on more stable footing after losing the U.S. distribution rights to Sidi in 2009.
“It’s been a rough ride for Veltec, having lost Sidi, and stabilizing the company and coping with that loss and coming out the other side has been a key objective," said Walton.
“Hugh has made significant contributions to Veltec. We thank him for the many years of focus and commitment to our company and as a friend and colleague in the business I wish him well in his next endeavors,” said Manfred Krikke Sr., Veltec’s owner.
Veltec Sports is looking to hire a national sales manager and currently interviewing several candidates.