Short Cuts

Marty Albertson the current president and co-CEO of Guitar Center Inc. will assume the position of chairman of the board and sole CEO in the fourth quarter, succeeding Larry Thomas, who will become chairman emeritus, but remain a board member. Westlake Village, CA-based Guitar Center is a retail firm, which also markets musical instruments by catalog and Web site through its subsidiary Musician’s Friend Inc.

Jose Fernandez Richards has been promoted to executive vice president and chief marketing officer at Oriental Financial Group Inc., in San Juan, Puerto Rico. Richards will oversee marketing, customer service and telemarketing operations. He has been with the firm since 2001.

Nov. 15 is the deadline to submit entries for the Chicago Association of Direct Marketing’s Tempo Awards. Awards in 17 categories will be presented at Chicago DM Days and Expo in April 2005. Contact George Buckley at 312-849-2236 or [email protected].