Greg Trojan is soon to trade his position as President and Chief Operating Officer of Guitar Center in the US for that of Chief Executive Officerm while remaining a member of Guitar Center’s Board of Directors. Marty Albertson, presently Chairman of the Board and Chief Executive Officer, will step down as Chief Executive Officer but will remain non-executive Chairman of the Board.

‘The role of non-executive Chairman will allow me to pursue many other interests and still contribute to Guitar Center in a strategic capacity,’ Marty Albertson says. ‘Guitar Center has a tremendous culture and exciting future, and I intend to stay involved in the company. I asked Greg to join the Guitar Center team nearly three years ago as part of my effort to groom a successor for the CEO role, and my confidence in his ability to successfully lead the company was critical to my decision to change my role at this time. Further, Greg has a thorough knowledge of our culture, values and industry.’

‘With the company’s strong management team and with the investments we have made in both our infrastructure and our people, we are well positioned to grow online and through our brick and mortar network,’ adds Trojan. ‘Accordingly, we plan on resuming opening new Guitar Center retail stores in 2011.’

More: www.guitarcenter.com