Riddell, parent company names new CEO

ROSEMONT - BRG Sports, the parent company of sports equipment maker Riddell, has appointed Dan Arment president and chief executive officer, replacing Terry Lee, who will become a strategic adviser to the company and continue to serve as executive chairman.

Arment will also become CEO of Riddell, Inc.

Arment joined the company 15 years ago and has held a number of key positions within the organization. In addition to his role as president of Riddell, he most recently served as executive vice president of BRG Sports and as president of Bell Cycling Products prior to the bike brand's sale earlier this year.

As a BRG Sports executive and board member, Arment supported the company's divestures of its baseball/softball, hockey and action sports businesses, while also helping further its investment in head protection.

"Dan has played a critical role in the evolution of this company through his many contributions as a leader of our core football business, Riddell," said Lee. "As BRG Sports steps into the future with a primary focus on maximizing investments in our remaining assets, Riddell and MIPS (Multidirectional Impact Protection System), Dan's experience guiding Riddell to unprecedented growth and financial performance, while navigating industry challenges, positions him well for this exciting new role."

Since 2008, Riddell has thrived under Arment's leadership and strengthened its position as the leader in the football helmet and protective equipment industry. The company has also diversified its business with an expanded apparel offering and emphasis on impact monitoring technologies through key acquisitions and strategic partnerships. During this time, Riddell has secured agreements with the National Football League for Riddell to continue as the exclusive provider of licensed collectibles and to serve as an authorized supplier of helmets to the NFL, and renewed a multiyear partnership with USA Football, the sport's governing body, to be the official helmet and protective equipment partner.

As the principal brand in the BRG Sports portfolio, Riddell continues to advance football helmet innovation and player protection.

"BRG Sports is an outstanding company made up of an extremely talented and hardworking team with featured brands like Riddell and MIPS that are performing well in the market," said Dan Arment. "I am honored to be chosen to lead BRG Sports in the next phase of its growth and innovation."