Read and Resnick Join U.S. Ski and Snowboard Team Foundation

11.06.06, 12:02 PM ET

PARK CITY, Utah, Nov. 6 /PRNewswire/ -- Steven Read and Eric Resnick have been named trustees of the U.S. Ski and Snowboard Team Foundation, announced Foundation Vice President Trisha Worthington. "We are thrilled to add Steven Read and Eric Resnick to our Board," said Worthington. "They are both well respected businessmen and avid skiers. Plus their combined expertise will be an incredible asset to the Foundation's efforts to support the athletes of the U.S. Ski Team and U.S. Snowboarding."

Steven Read is co-founder, co-owner and co-chairman of Grocery Outlet Inc. a retail chain of non-perishable food stores in the Western states, Hawaii, Louisiana, and Texas. Currently, he serves as Partner of Read Investments, specializing in commercial real estate development.

Eric Resnick is the co-founder and managing director of KSL Capital Partners, LLC a $1 billion private equity fund with extensive experience in the ownership and active management of hotel, resort and leisure properties. He is actively involved in managing the fund's business, including fundraising, acquisitions and asset management.

The U.S. Ski and Snowboard Team Foundation is the nonprofit, fundraising arm of the U.S. Ski and Snowboard Teams that are managed by the U.S. Ski and Snowboard Association (USSA), the national governing body of Olympic skiing and snowboarding. The Foundation raises money to support year-round athlete training, development, competition and educational needs of world-class athletes pursuing the Olympic dream. The U.S. Ski and Snowboard Team receives no federal funding or subsidy moneys and operates solely through private donations from individuals, corporations and foundations. The Foundation was incorporated in 1964 as a 501(c) 3 organization and is based in Park City, Utah.

SOURCE U.S. Ski and Snowboard Team Foundation -0- 11/06/2006 /CONTACT: Juliann Fritz, +1-435-647-2061, jfritz@ussa.org/ CO: U.S. Ski and Snowboard Team Foundation ST: Utah IN: ENT SPT SU: PER NPT DP-LP -- LAM038 -- 8714 11/06/2006 12:00 EST http://www.prnewswire.com