Sturm, Ruger & Company, Inc. (NYSE:RGR) announced that its
Board of Directors has voted to increase the number of Directors to
seven, and has appointed Mr. Terrence O’Connor as a Board member
effective immediately.
Mr. O’Connor has spent over 30 years in the financial investment
industry. Currently he is the Chairman of the Executive Committee of
Bald Eagle Partners, a private Real Estate investment firm. Previously
he served as the Managing Partner of Cedar Creek Management, LLC, a
private investment partnership, and as Partner at HPB Associates, also a
private investment firm. Prior to that, Mr. O’Connor spent 10 years at
Kidder Peabody in various capacities.
Mr. O’Connor graduated from Bucknell University and earned his Master of
Business Administration from the Wharton School of the University of
Pennsylvania.
President and Chief Executive Officer Michael O. Fifer commented, “Terry
O’Connor is a talented and energetic executive who will enhance the
capabilities of our Board with his financial insight and extensive
knowledge of our industry. We are fortunate to have Terry join Sturm,
Ruger’s Board of Directors and look forward to his valuable
contributions to the Company.”
About Sturm, Ruger
Sturm, Ruger & Co., Inc. is one of the nation’s leading manufacturers of
rugged, reliable firearms for the commercial sporting market. The only
full-line manufacturer of American-made firearms, Ruger offers consumers
over 400 variations of more than 30 product lines. For more than 60
years, Ruger has been a model of corporate and community responsibility.
Our motto, “Arms Makers for Responsible Citizens,” echoes the importance
of these principles as we work hard to deliver quality and innovative
firearms.
The Company may, from time to time, make forward-looking statements
and projections concerning future expectations. Such statements
are based on current expectations and are subject to certain qualifying
risks and uncertainties, such as market demand, sales levels of
firearms, anticipated castings sales and earnings, the need for external
financing for operations or capital expenditures, the results of pending
litigation against the Company, the impact of future firearms control
and environmental legislation, and accounting estimates, any one or more
of which could cause actual results to differ materially from those
projected. Readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date made.
The Company undertakes no obligation to publish revised
forward-looking statements to reflect events or circumstances after the
date such forward-looking statements are made or to reflect the
occurrence of subsequent unanticipated events.
Copyright Business Wire 2014