Rosetta Stone foresees more U.S. sales declines, names new chairman Arlington-based Rosetta Stone Inc. named a new chairman of the board Monday after warning that a decline in U.S. consumer sales, which hurt fourth-quarter results, would continue into 2011.
Rosetta Stone said that Laurence Franklin, 58, has taken over as chairman after serving as a member of the board since May 2006. Franklin is the former CEO of Tumi Inc., a manufacturer and retailer of luxury travel, business and lifestyle accessories. Franklin succeeds Laura Witt, who served as chairman since December 2005.
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