Ruger Announces Appointment of New Directors
August 01, 2005
Sturm, Ruger & Company, Inc. (NYSE: RGR) announced today that its Board of Directors has voted to increase the number of Directors to eight and has elected Rear Admiral Joseph C. Strasser (USN, Ret.), and Mr. John A. Cosentino, Jr. as Directors of the Company, effective August 1, 2005.
Rear Admiral Strasser is the Executive Director of the Naval War College Foundation, former President of the Naval War College, former Campus Executive Officer of Pennsylvania State College, and former Dean of Commonwealth College. RADM Strasser was also a Staff Officer to the Chief of Naval Operations, Executive Assistant to the Commander in Chief of the U.S. Pacific Command, and Executive Assistant to the Chairman of the Joint Chiefs of Staff. Mr. Cosentino is a partner of the Ironwood Manufacturing Fund, LP and Chairman of the Board of Simonds International, former Group Executive of the Danaher Corporation, former Vice President of Operations for the Stanley Works, and former President, North American Operations of Otis Elevator, a division of United Technologies Corporation.
Company Chairman William B. Ruger, Jr. commented that "Messrs. Strasser and Cosentino bring valuable and diverse business experience to the Board. Their appointment as Directors will complement the already exceptional leadership skills of our Board as we guide the Company's future endeavors."
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