Great Wolf Resorts Establishes Office of the Chairman
SEPTEMBER 13, 2006. Great Wolf Resorts (NASDAQ:WOLF), the nation's leader in indoor waterpark resorts, today announced that its board of directors has established an Office of the Chairman, consisting of the chairs of the company's Audit, Corporate Governance and Compensation Committees, to oversee the company's board.
The company also announced that Bruce D. Neviaser has stepped down as chairman and as a member of the board, effective immediately. The board now consists of six members, five of whom qualify as independent directors.
"As a founder of our predecessor company, Bruce was instrumental in the formation and growth of Great Wolf Resorts," said John Emery, chief executive officer. "His vision and entrepreneurial spirit helped establish our brand, and he remains a strong supporter of the company. I thank him for his significant contributions to the company and wish him all the best in his future pursuits."
"I am departing in order to pursue other investment opportunities. I am leaving the company in good hands and feel very positive about the company's future prospects and ability to continue to build shareholder value," Neviaser said.
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