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
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A Netflix for Guitars
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Lawsuit Claims Guitar Center, NAMM Fixed Prices
News & Analysis
Filter by
guitar center inc. and yamaha corp. - All News and Analysis
Fred Rubin files $1.0 billion suit against Guitar Center & seven suppliers: class action alleges that GC prevented Korg USA, JBL, Mackie, St. Louis Music, Tascam, Telex, and Yamaha from selling to his ace pro sound & recording.(INDUSTRY FOREFRONT)
FRED RUBIN, WHOSE ACE MUSIC of Miami was the original nucleus of the now-defunct MARS Music, has filed suit against Guitar Center, Korg USA, JBL, Mackie, St. Louis Music, Tascam, Telex, and Yamaha, alleging conspiracy, restraint of trade, deceptive practices, and breach of contract. The suit,...
Despite the threat of war, and economic problems too numerous to list, retailers posted a strong fourth quarter and turned out in force, making NAMM a super show! Read on to find out how popular software, low-cost imports, and changing business practices
Industry suppliers anxiously held their breath in the weeks leading up to the NAMM show. With news of disappointing holiday retail sales on the front page of every business section, they were justifiably concerned that lackluster December results would stifle attendance at the show and set...
Angress Named Exec. VP, Wanamaker Joins From Yamaha.
Guitar Center has promoted David Angress to executive vice-president, general merchandise manager, and Jay Wanamaker has been hired as vice-president of merchandising for the M.I. Division. "David has established himself as an invaluable asset to Guitar Center," said Marty Albertson, president and co-C.E.O. ...
Texas Prof Wins Yamaha Motorcycle.
Texas Prof Wins Yamaha Motorcycle To celebrate the culmination of its 34th Anniversary Celebration, Guitar Center recently awarded its grand prize, a one-of-a-kind Yamaha Royal Star motorcycle, to the winner, Roger Saathoff of Lubbock, Texas. The motorcycle, designed specifically by Yamaha Motors in honor...
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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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