Gunslinger
Moderator
I apologize for not having the link but thought y'all would find this interesting.
The old man, for better or worse, has held the company stagnant for years.
STURM, RUGER & COMPANY, INC.
MANAGEMENT REORGANIZATION
NEWPORT, NEW HAMPSHIRE, October 24, 2000-Sturm, Ruger & Company, Inc.
(NYSE-RGR), the nation's largest producer of firearms, today reported at
the regularly scheduled meeting of the Board of Directors, that William B.
Ruger has announced his retirement as Chairman of the Board of Directors,
Chief Executive Officer and Treasurer, effective immediately.
Mr. Ruger directed the growth of the Company from its incorporation in
1949 to its current position as the nation's largest producer of sporting
firearms. Mr. Ruger intends to remain on the Board of Directors as
Chairman Emeritus and as a Director and will serve as a consultant to the
Company.
In accepting, with great reluctance Mr. Ruger's resignation as Chairman,
the Board formally recognized the immense contributions he has made to the
Company throughout its 51-year history, and his many years of service in
providing the citizens of America with the highest quality sporting
firearms. The Company will continue to value his wisdom and counsel as it
moves into the 21st century.
In related actions, the Board announced the following anagement promotions
effective immediately. Mr. William B. Ruger, Jr. was elected to the
position of Chairman of the Board of Directors and Chief Executive
Officer. Mr. Stephen Sanetti was elected Vice Chairman, Senior Executive
Vice resident and General Counsel. Mr. Erle G. Blanchard was elected to
the position of Vice Chairman, President, Chief perating Officer and
Treasurer. The Board also voted to increase the number of Directors to
ten and elected Mr. Blanchard as a Director of the Company.
------------------
Gunslinger
I was promised a Shortycicle and I want a Shortycicle!
The old man, for better or worse, has held the company stagnant for years.
STURM, RUGER & COMPANY, INC.
MANAGEMENT REORGANIZATION
NEWPORT, NEW HAMPSHIRE, October 24, 2000-Sturm, Ruger & Company, Inc.
(NYSE-RGR), the nation's largest producer of firearms, today reported at
the regularly scheduled meeting of the Board of Directors, that William B.
Ruger has announced his retirement as Chairman of the Board of Directors,
Chief Executive Officer and Treasurer, effective immediately.
Mr. Ruger directed the growth of the Company from its incorporation in
1949 to its current position as the nation's largest producer of sporting
firearms. Mr. Ruger intends to remain on the Board of Directors as
Chairman Emeritus and as a Director and will serve as a consultant to the
Company.
In accepting, with great reluctance Mr. Ruger's resignation as Chairman,
the Board formally recognized the immense contributions he has made to the
Company throughout its 51-year history, and his many years of service in
providing the citizens of America with the highest quality sporting
firearms. The Company will continue to value his wisdom and counsel as it
moves into the 21st century.
In related actions, the Board announced the following anagement promotions
effective immediately. Mr. William B. Ruger, Jr. was elected to the
position of Chairman of the Board of Directors and Chief Executive
Officer. Mr. Stephen Sanetti was elected Vice Chairman, Senior Executive
Vice resident and General Counsel. Mr. Erle G. Blanchard was elected to
the position of Vice Chairman, President, Chief perating Officer and
Treasurer. The Board also voted to increase the number of Directors to
ten and elected Mr. Blanchard as a Director of the Company.
------------------
Gunslinger
I was promised a Shortycicle and I want a Shortycicle!
