Brookstone Announces Succession of CEO, Chairman

Merrimack, N.H. Brookstone announced Tuesday that is has entered into a succession agreement with Louis Mancini, the company’s president and CEO, and a member of Brookstone’s board of directors.

The agreement will be effective March 4. Mancini, who joined the company in 2006, plans to step down from his positions that day as well.

Upon his departure, Phillip Roizin will serve as interim president and CEO, and director of the company. Roizin has served as the retailer’s executive VP, finance and administration since December 1996.

The company’s board will also see changes. Jackson Tai has been appointed as chairman of the company’s board of directors, succeeding Ron Sim, who will remain as a director. Tai has been a director with Brookstone since August 2008. Prior to joining the retailer, he was vice chairman and CEO of DBS in Singapore.