BNET Industries
Last Fiscal Year Sales:$2.0B
- Private
- US
Dow Jones Description
Retail Stores Selling Musical Instruments & Recording Equipment
President & Chief Executive Officer
Kenneth O'BrienNumber of Employees 9,540
Contact Information
5795 Lindero Canyon Rd
Westlake Village, California 91362
(818) 735-8800
Peer Companies
NAICS Code Motor Vehicle Supplies and New Parts Merchant Wholesalers: 423120
Recent Events
-
Guitar Center Professional Unveils New Website
-
A Netflix for Guitars
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Lawsuit Claims Guitar Center, NAMM Fixed Prices
News & Analysis
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company and guitar center inc. - All News and Analysis
Guitar Center Picks Netezza Data Warehouse Appliance
Leading Retailer Uses Netezza Performance Server[R] System to Create An Integrated Multi-channel Business Intelligence Solution FRAMINGHAM, Mass. -- Netezza, a leading provider of data warehouse appliances, today announced that Guitar Center, Inc. (Nasdaq:GTRC), the leading United States retailer of guitars, amplifiers, percussion instruments, keyboards and pro-audio and recording equipment,...
Guitar Center, Inc. Announces Preliminary Third Quarter 2006 Results
Company Updates Fourth Quarter 2006 Guidance WESTLAKE VILLAGE, Calif. -- Guitar Center, Inc. (NASDAQ:GTRC) today announced preliminary financial results for the third quarter ended September 30, 2006. Consolidated net sales are expected to be approximately $473 million in the third quarter compared to $421 million in the same...
Guitar Center Introduces GuitarCenter.com Online Retail Store; GuitarCenter.com Now Brings Guitar Center's Extensive Product Range to Musicians Nationwide
WESTLAKE VILLAGE, Calif. -- Guitar Center (Nasdaq:GTRC) today announced the introduction of GuitarCenter.com as the centerpiece of the Company's online retail offering. For the first time, consumers can visit GuitarCenter.com to search, compare and buy direct from one of the largest selections of guitars, basses, amps, keyboards, drums, pro audio,...
Guitar Center to Host Investment Community Event on May 23, 2006; Audio Webcast of Presentation to be Available on Company's Website
WESTLAKE VILLAGE, Calif. -- Guitar Center, Inc. (Nasdaq:GTRC) will host an Investor and Analyst Day on Tuesday, May 23, 2006, during which management will discuss company operations including Guitar Center and Musician's Friend marketing programs, proprietary products, plans for international expansion, Music & Arts' acquisition strategy, distribution initiatives, and technology...
Guitar Center Direct Response Division, Musician's Friend, to Launch New Fulfillment Center in Kansas City; CBRE Represents Musician's Friend in the Build to Suit
KANSAS CITY, Mo. -- Guitar Center, Inc. (Nasdaq:GTRC) and CB Richard Ellis (NYSE:CBG) today announced the planned opening of a new fulfillment center for Guitar Center's direct response division, Musician's Friend. Musician's Friend, which offers more than 36,000 products in its catalogs and on its website, www.musiciansfriend.com, has selected the...
Guitar Center, Inc. Announces Results of Annual Meeting of Stockholders
Business Editors WESTLAKE VILLAGE, Calif.--BUSINESS WIRE--April 29, 2004 Guitar Center, Inc. (Nasdaq:GTRC), today announced the results of its Annual Meeting of Stockholders held April 29, 2004. There were two proposals to be decided; the election of directors and the 2004 Guitar Center, Inc. Incentive Stock Award Plan. The...
Guitar Center's Direct Response Division, Musician's Friend, Receives Millionth Web Order
Business Editors WESTLAKE VILLAGE, Calif.--BUSINESS WIRE--Sept. 3, 2002 Guitar Center, Inc. (Nasdaq:GTRC) today announced that Musician's Friend, the Company's direct response division, recently received its one-millionth order on the Company's web site, musiciansfriend.com. The million-order milestone was reached when Michael McCarter of Wichita Falls, Texas, placed an...
Guitar Center, Inc. Announces Results of Annual Meeting of Stockholders
Business Editors WESTLAKE VILLAGE, Calif.--BUSINESS WIRE--May 3, 2002 Guitar Center, Inc. (Nasdaq NMS: GTRC), today announced the results of its Annual Meeting of Stockholders held May 3, 2002. The only matter in front of the meeting was the election of directors. The Company's stockholders re-elected the current eight...
Guitar Center, Inc. Announces Results of Annual Meeting of Stockholders
Business Editors AGOURA HILLS, Calif.--BUSINESS WIRE--April 27, 2001 Guitar Center, Inc. (Nasdaq:GTRC), the nation's largest musical instrument retailer, today announced the results of its Annual Meeting of Stockholders held April 26, 2001. The Company's stockholders elected the full slate of seven board members and also approved the amendment...
Guitar Center, Inc. Completes Acquisition of American Music Group, Ltd
Business Editors AGOURA HILLS, Calif.--BUSINESS WIRE--April 25, 2001 Guitar Center, Inc. (Nasdaq:GTRC), the nation's largest musical instrument retailer, today announced the completion of its acquisition of American Music Group, Ltd., a New York-based musical instrument retailer, specializing in the sale and rental of band instruments and accessories. ...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Kenneth O'Brien | President & Chief Executive Officer |
| Bruce Ross | CFO, Executive Vice President & Secretary |
| Erick Mason | Chief Financial Officer |
| John Zavada | Chief Information Officer |
| Leland Smith | Executive Vice President, Chief Administrative Officer, General Counsel & Secretary |
| Norman Hajjar | Executive Vice President & Chief Marketing Officer |
| William Deeney | Executive Vice President & Chief Logistics Officer |
| David Angress | Executive Vice President of International Development & Proprietary Brands |
| Eugene Joly | Executive Vice President of Stores |
| Jay Wanamaker | Executive Vice President |
| Joel Miller | Executive Vice President, Hr |
| John Bagan | Executive Vice President of Merchandising |
| Lee Smith | Executive Vice President of Corporate Development |
| Maxx Galster | Executive Vice President of Stores |
| Steve Zapf | Executive Vice President of Marketing, Musician'Sfriend, Inc |
| Allan Greenberg | Senior Vice President of Operations |
| Dennis Haffeman | Senior Vice President, Sales, West Region |
| Irene Messier | Senior Vice President, Planning & Allocation |
| Michael Boshart | Senior Vice President of Merchandising, Music&Arts Center |
| Ronald Beaudoin | Senior Vice President of Sales, Music&Arts Center |
| Sue Etling | Senior Vice President of Finance, Musician'Sfriend, Inc |
| Dave Settimi | Reg Vice President, North |
| Glen Peiser | Vice President & Reg Manager, West |
| Grant Sheffield | Reg Vice President, South |
| Laura Taylor | Vice President, Operations |
| Mark Nelson | Vice President, Sales, Mdsg Group |
| Marc Foman | Founder |
| Bryan Bradley | Director, Recording Mdse |
| George R Mrkonic | Lead Director |
| Dustin Hinz | Manager, Event Marketing & Promo |
| Zachary Fosnaugh | Sales Training Manager |
| Ken Knop | |
| Jeffrey C Walker | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Bob L. Martin | Board of Directors |
| Chris Gorog | Board of Directors |
| David Robson | Board of Directors |
| George Jones | Board of Directors |
| Larry Thomas | Board of Directors |
| Pat Macmillan | Board of Directors |
| Peter M. Starrett | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Guitar Center, Inc. | President & Chief Executive Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Guitar Center, Inc. | CFO, Executive Vice President & Secretary | Current |
| Guitar Center, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Guitar Center, Inc. | Chief Financial Officer | Current |
| Guitar Center, Inc. | Executive Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Guitar Center, Inc. | Chief Information Officer | Current |
| Guitar Center, Inc. | Executive Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Guitar Center, Inc. | Executive Vice President, Chief Administrative Officer, General Counsel & Secretary | Current |
| Organization | Position | Status |
|---|---|---|
| Guitar Center, Inc. | Executive Vice President & Chief Marketing Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Guitar Center, Inc. | Executive Vice President & Chief Logistics Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Guitar Center, Inc. | Executive Vice President of International Development & Proprietary Brands | Current |
| Organization | Position | Status |
|---|---|---|
| Guitar Center, Inc. | Executive Vice President of Stores | Current |
| Guitar Center, Inc. | Senior Vice President of Merchandising, Musician'Sfriend, Inc | Current |
| Organization | Position | Status |
|---|---|---|
| Guitar Center, Inc. | Executive Vice President | Current |
| Guitar Center, Inc. | General Merchandise Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Guitar Center, Inc. | Executive Vice President, Hr | Current |
| Organization | Position | Status |
|---|---|---|
| Guitar Center, Inc. | Executive Vice President of Merchandising | Current |
| Organization | Position | Status |
|---|---|---|
| Guitar Center, Inc. | Executive Vice President of Corporate Development | Current |
| Guitar Center, Inc. | Secretary | Current |
| Guitar Center, Inc. | General Counsel | Former |
| Organization | Position | Status |
|---|---|---|
| Guitar Center, Inc. | Executive Vice President of Stores | Current |
| Organization | Position | Status |
|---|---|---|
| Guitar Center, Inc. | Executive Vice President of Marketing, Musician'Sfriend, Inc | Current |
| Organization | Position | Status |
|---|---|---|
| Guitar Center, Inc. | Senior Vice President of Operations | Current |
| Organization | Position | Status |
|---|---|---|
| Guitar Center, Inc. | Senior Vice President, Sales, West Region | Current |
| Organization | Position | Status |
|---|---|---|
| Guitar Center, Inc. | Senior Vice President, Planning & Allocation | Current |
| Organization | Position | Status |
|---|---|---|
| Guitar Center, Inc. | Senior Vice President of Merchandising, Music&Arts Center | Current |
| Organization | Position | Status |
|---|---|---|
| Guitar Center, Inc. | Senior Vice President of Sales, Music&Arts Center | Current |
| Organization | Position | Status |
|---|---|---|
| Guitar Center, Inc. | Senior Vice President of Finance, Musician'Sfriend, Inc | Current |
| Organization | Position | Status |
|---|---|---|
| Guitar Center, Inc. | Reg Vice President, North | Current |
| Organization | Position | Status |
|---|---|---|
| Guitar Center, Inc. | Vice President & Reg Manager, West | Current |
| Organization | Position | Status |
|---|---|---|
| Guitar Center, Inc. | Reg Vice President, South | Current |
| Organization | Position | Status |
|---|---|---|
| Guitar Center, Inc. | Vice President, Operations | Current |
| Organization | Position | Status |
|---|---|---|
| Guitar Center, Inc. | Vice President, Sales, Mdsg Group | Current |
Marc Foman is the owner and founder of Marc's Guitar Center. He and his wife Linda Volz have been operating the business since 1978. He holds a bachelor's degree in honors English from the University of Massachusetts. Marc has an extensive musical background both performing in bands and teaching guitar dating back to 1963. He has played in bands that reflect the evolving history of rock guitar from doo-wop to metal. You can often find him on the sales floor of his store talking about his two favorite subjects: Beatles music & music theory as it applies to the guitar fretboard.
| Organization | Position | Status |
|---|---|---|
| Guitar Center, Inc. | Founder | Current |
| Marc's Guitar Center | Owner | Current |
| Guitar Center, Inc. | Owner | Current |
| Organization | Position | Status |
|---|---|---|
| Guitar Center, Inc. | Director, Recording Mdse | Current |
Until 2002, George R. Mrkonic was Vice Chairman of Borders Group, Inc., (BGI) the second largest book retailer in the U.S. He joined BGI in 1994 as President and Vice Chairman. Mr. Mrkonic began his retail career in 1978 and has led several retail companies including Herman's Sporting Goods, Eyelab and Kmart's Specialty Retailing Group. He acquired Borders for Kmart in 1992, merged it with Waldenbooks and subsequently took the combined entity public in 1995. Mr. Mrkonic led Borders international growth, which now includes strong positions in the United Kingdom, Australia, Singapore and New Zealand. Mr. Mrkonic is Chairman of Paperchase (a UK gifts and stationery retailer), Lead Director of Guitar Center, Inc. and a director of a variety of other retail and consumer-oriented companies. Mr. Mrkonic graduated from Stanford University in 1974 with an MA and BA in Economics, and received an MBA from Harvard Graduate School of Business Administration in 1978.
| Organization | Position | Status |
|---|---|---|
| Guitar Center, Inc. | Lead Director | Current |
| Gordon Brothers Group, LLC | Current | |
| Gordon Brothers Limited, LLC | Member, Board of Advisors | Current |
| AutoZone, Inc. | Director | Current |
| Nashua Corporation | Director | Current |
| Procarcare | Director | Current |
| Guitar Center, Inc. | Director | Current |
| California Inc | Director | Current |
| Investornews.Com | Director | Current |
| Borders Group, Inc. | President | Former |
| Borders Group, Inc. | Vice Chairman and Director | Former |
| Borders Group, Inc. | Retailer | Former |
| W.R. Grace & Company | Former | |
| Kmart | Former | |
| Eyelab | Former | |
| Kmart Corporation | Former | |
| Borders Group, Inc. | Chairman | Former |
| Syntel, Inc. | Board of Directors | Former |
| Stanford University | Ma and Ba In Economics, and | Former |
| Harvard University | Mba | Former |
| Harvard Business School | MBA | Former |
| Harvard University | B.A. | Former |
| Stanford University | B.A. | Former |
| Organization | Position | Status |
|---|---|---|
| Guitar Center, Inc. | Manager, Event Marketing & Promo | Current |
Zachary Fosnaugh is Music Director at City Church Chicago. He works at Guitar Center as the sales training manager, and is a music instructor at Intonation Music Workshop. He graduated from Illinois State University in 2006 with a B.S. in Music Business. Zachary started expressing his love for music at the age of three when he began playing drums. Since then, he has performed with rock bands, jazz big bands, jazz combos, orchestras, wind ensembles, percussion ensembles, show choirs, and jazz choir. His love for music has opened up traveling opportunities in the Caribbean Islands, Africa, and Europe as a drummer. Zachary is excited to share his love for God, people, and music with the city of Chicago, IL.
| Organization | Position | Status |
|---|---|---|
| City Church Chicago | Music Director | Current |
| Guitar Center, Inc. | Sales Training Manager | Current |
| The Intonation Music Workshop | Instructor | Current |
| Illinois State University | B.S. In Music Business | Former |
Ken Knop is a Senior Consultant with Columbus Consulting. Prior to joining Columbus Consulting, Ken held various positions over a 20 year career with retail, software and consulting firms, including Mervyn's, Millers Outpost, Contempo Casuals, Comshare (Arthur), Ready To Plan, and Planalytics. Ken's retail business experience spans all aspects of merchandising including buying, planning and allocation/distribution positions. Building upon his retail experience and expertise, Ken has been working as a consultant with retailers and wholesalers to enhance their planning and allocation processes and systems since 1994. Ken has designed and implemented Merchandise Planning, Store Planning, Space Planning, Assortment Planning & Allocation business functions for both retailers and wholesalers utilizing a variety of packaged applications. Among the packaged applications that he has implemented are Arthur, i2, and Alphameric/Compass.
| Organization | Position | Status |
|---|---|---|
| Columbus Consulting, Inc. | Principal | Current |
| Guitar Center, Inc. | Current | |
| Mervyn's, LLC | Former | |
| Contempo Casuals | Former | |
| Planalytics Inc. | Former | |
| Comshare, Inc. | Former |
| Organization | Position | Status |
|---|---|---|
| Alien Technology Corporation | Director | Current |
| Edgewater Technology, Inc. | Board of Directors | Current |
| Guitar Center, Inc. | Board of Directors | Current |
| Conn's, Inc. | Board of Directors | Current |
| Sabre Holdings Corporation | Board of Directors | Current |
| Furniture Brands International Inc. | Board of Directors | Current |
| Wal-Mart Stores, Inc. | Chief Executive Officer | Former |
| Southwest Baptist University | Doctorate | Former |
| Organization | Position | Status |
|---|---|---|
| Roxio, Inc. | Chairman | Former |
| Roxio, Inc. | CEO | Former |
| The Walt Disney Company | Vice President of Business Affairs for Motion Pictures and Television | Former |
| Napster, Inc. | Chairman & CEO | Current |
| Guitar Center, Inc. | Director | Former |
| Organization | Position | Status |
|---|---|---|
| Mervyn's California Department Stores | Interim Chief Financial Officer | Current |
| Mervyn's California Department Stores | Senior Vice President, Controller | Current |
| Mervyn's California Department Stores | Vice President | Current |
| Guitar Center, Inc. | Board of Directors | Current |
| Guitar Center, Inc. | Principal Accounting Officer & Senior Vice President | Former |
| Guitar Center, Inc. | Principal Accounting Officer | Former |
| Organization | Position | Status |
|---|---|---|
| Guitar Center, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| The Popcorn Factory | Director | Current |
| 1-800-Flowers.com, Inc. | Board of Directors | Current |
| Ccmp Capital Advisors, LLC | Chairman | Current |
| AXIS Capital Holdings Limited | Director | Current |
| Doane Pet Care Company | Board of Directors | Current |
| Guitar Center, Inc. | Director | Current |
| Plow & Hearth | Director | Current |
| House of Blues | Board Director | Current |
| JPMorgan Chase & Co. | Head, Private Equity | Former |
| 1-800-Flowers.com, Inc. | Compensation Committee Chairman | Former |
| The Popcorn Factory | Director | Former |
| Organization | Position | Status |
|---|---|---|
| Guitar Center, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Guitar Center, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Freeman Spogli & Co. | Affililated Operating Executive | Current |
| Ross-Simons Inc. | Board Directior | Current |
| Sur La Table Inc. | Board Directior | Current |
| Pacific Sunwear of California, Inc. | Director | Current |
| Guitar Center, Inc. | Board of Directors | Current |
| Hhgregg, Inc. | Director | Current |
| The Children's Place Retail Stores, Inc. | CEO | Former |
| Warner Bros Inc. | President | Former |
| Warner Bros Inc. | Founder | Former |
| May Department Store Co | Executive Positions | Former |
| The Children's Place Retail Stores, Inc. | Chairman | Former |
| Galyan's Trading Company, Inc. | Director | Former |
| The Pantry, Inc. | Director | Former |
| AFC Enterprises, Inc. | Director | Former |
| Advance Auto Parts, Inc. | Director | Former |
| Harvard University | Master's Degree In Business Administration | Former |
| University of Denver | bachelor's degree in business administration | Former |
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