From the LA Sparks today:
Los Angeles Sparks Are Pleased To Announce Enhanced Role For Majority Investor Williams Group Holdings LLC
WGH Managing Partner Paula Madison to be CEO
Los Angeles – The Los Angeles Sparks are pleased to announce that majority investor Williams Group Holdings LLC, (WGH), has increased its investment in the team and has taken a more active role in the day-to-day business.
WGH became an investor in September 2007, and has seen the team grow both on the court and in business over the past two years, prompting their decision to increase their involvement. As part of this transition, Carla Christofferson and Katherine Goodman will resign from the Board of Directors, but will retain their financial investment in the Sparks.
The enhanced role demonstrates WGH’s support of the Sparks and their business goals. This will allow the Sparks and WGH to utilize each of their assets to continue establishing a strong foundation with an emphasis on strategic growth. WGH Managing Partner Paula Madison will become the CEO of the Sparks.
“I am excited that Williams Group Holdings is able to have a more substantial role with the Sparks,” said Madison. “I am honored to serve as CEO and I look forward to working closely with the Sparks as we meet the challenges and successes of the future. I plan to continue to execute our strategies and help lead us into the next phase of the growth of our business.”