Sturm, Ruger & Company, Inc. Announces Retirement of Robert R. Stutler as Vice President of Prescott Operations and Appointment of Mark T. Lang as Group Vice President
February 19, 2008
Sturm, Ruger & Company, Inc. (NYSE:RGR) announced that Robert R. Stutler has retired as Vice President of Prescott Operations as of February 15, 2008, and that Mark T. Lang has been hired as Group Vice President effective February 18, 2008. Mr. Lang will initially be responsible for management of the Prescott firearms division following Mr. Stutler's retirement.
Mr. Stutler was employed with Sturm, Ruger since 1987, becoming General Manager of Prescott, Arizona operations in 1990, and Vice President of Prescott operations in 2006. Over his twenty-year career, Mr. Stutler made significant contributions to the success of the Prescott division and the design of some of the Company's most popular firearms. Mr. Stutler is well-known within the firearms industry and outdoor media, and is an avid outdoorsman, shooter and firearms enthusiast.
An engineer by degree, Mark Lang has held senior management positions in manufacturing and operations within the consumer goods and industrial products markets. In Mark's recent position as President of the Custom Products Business at Mueller Industries, Inc., he led the business integration and growth of several acquisitions. Through re-engineering of the new product development process and utilization of lean manufacturing techniques, record growth was obtained in revenues and profits for the division. Prior to joining Mueller, Mark was the Vice President of Operation for the Automotive Division of Thomas and Betts, Inc. where he led the division's global manufacturing strategic initiatives, implemented two acquisitions and integrated a minority joint venture. Prior to Thomas and Betts, Mark held senior level management positions with Black and Decker's True Temper Sports Division and the North American Power Tool Accessories Division. Mark began his career as a graduate of General Electric's Manufacturing Management Program in 1981 and then advanced through management positions in manufacturing. Mark holds a Bachelor of Science degree in Environmental Engineering from the University of Florida in 1978, and a Masters of Science degree in Industrial Engineering from the University of Tennessee in 1989. Mark is also a firearms enthusiast and active Cowboy Action shooter.
"We sincerely thank Bob Stutler for his dedication, hard work, and creativity, which lead to his many important contributions to Ruger and the success of our Prescott, Arizona operations. We will miss Bob and we all wish him the very best in his retirement. At the same time, we look forward to Mark Lang joining our management team and we believe that Mark's experience and achievements in successful divisional management, product development, lean manufacturing and acquisition integrations will help to ensure Ruger's continued success," commented Company CEO Michael O. Fifer.
About Sturm, Ruger & Co., Inc.
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.
Sturm, Ruger & Co., Inc. “Arms Makers for Responsible Citizens”®