Marc J. Leder, co-CEO of Sun Capital Partners, has joined the Sharper Image Corp.’s board of directors. Leder will serve as an independent board member and will also join the Compensation Committee, as well as the Nominating and Governance Committee.
Sun Capital Partners owns nearly 10% of Sharper Image’s stock. With the addition of Leder to the board, the number of members increases from seven to eight.
Sharper Image’s management team has been in flux: During fourth quarter 2006, founder Richard Thalheimer; president and chief operating officer Tracy Wan; and executive vice president/chief financial officer Jeff Forgan left the company.
In an unusual move (for companies), after Thalheimer was forced out, Sharper Image chopped $3 million from a compensation package worth around $5 million, but awarded him $3.9 million in retirement benefits
Network
