Active Ride Shop (“Active”) and Tengram Capital Partners (“Tengram”) announced that Rick Mina would take on the role of President today. Esmail Mawjee has decided to transition into the role of a strategic advisor for Active. Esmail remains a shareholder in Active and retains his seat on the board of directors.

This news comes on the heels of Active’s recent news that Tengram Capital Partners has invested an undisclosed amount into the business, with plans to grow Active by 30 new storefronts over the next several years. Read the full interview with Esmail Mawjee.

Since 1989, Active has had a unique culture rooted in skateboarding and snowboarding that Esmail maintained and stabilized as President, after acquiring the Company with Issa Ladha in July 2009. It was under his leadership that the Company was able to restore and renew its relationships with its brand partners. Esmail will continue to strengthen and build on those brand partnerships, while supporting the lifestyle and culture of skateboarding and snowboarding in his new role.

Citing personal reasons for wanting to spend more time with his family in Texas, Esmail said that he is excited that Tengram would like him to continue playing a key advisory role in the growth and development of the Active brand.

“We are excited that Esmail will continue to work with the Active team in his new capacity. With new growth plans in place for the business, Rick Mina will now assume the role of President, to help Active execute its multi-channel growth strategy. Rick is an experienced retail executive, capable of leading this new chapter for the business, while keeping the Active brand committed to its core roots in skate and snow,” said Rich Gersten, Partner at Tengram Capital Partners.

Rick Mina, former CEO and President of Foot Locker North America, brings over 35 years of retail experience to Active and has exemplified success throughout his career. Rick held several leadership positions during his tenure at Foot Locker. As CEO and President of Champs Sports, Rick led a team that successfully turned around the business, and created a profitable growth model, which has continued to exhibit success today

As he enters his new role, Rick stated, “Active has a tremendous growth opportunity. Its culture, people and brand partnerships are key drivers to future growth and success. With the investment from Tengram Capital, we will more aggressively open new doors and invest in our systems, digital, social and e-commerce capabilities. We anticipate significant growth in the years to come.”

Logo courtesy Active Ride Shop