Leonard leaves Quantum

Larry Leonard, president and managing partner of sail maker sets sail for new waters

The board of directors of the Quantum Sail Design Group confirmed today that founder and managing partner Larry Leonard is stepping down and relinquishing his role in the day to day operations of the company. He will continue to be a minority share holder.

Leonard and his partners started Quantum in 1996. Today the company is the second largest sailmaker in the world, with more than 60 locations in 22 countries.

"This was a very difficult decision," said Ed Reynolds, president and a founding partner. Reynolds was named president of Quantum in 2005. "Over the past three years our structure has changed from a collection of sole proprietorships to a unified, global corporate entity. Quite simply, we have been unable to come up with a way to redefine Larry's role within the company that is acceptable to all parties."

Co-founder and partner Farley Fontenot said: "We acknowledge and appreciate all the contributions Larry has made in helping create the Quantum Sail Design Group. It is due in part to his original vision that we owe the strength of our current position. Quantum has gone through a period of unprecedented growth and is today enjoying a period of financial and market success that would have been impossible without the groundwork he helped lay. We look forward to continuing growth and innovation in the years ahead."