Biography

Phil Widman has served on the Ruger Board of Directors since 2010, holding leadership roles including Chair of the Audit Committee and Chair of the Risk Committee, before being appointed Lead Vice Chairman of the Board on January 1, 2025, and Chair of the Compensation Committee on March 7th, 2026. He has provided public company, operational financial and governance insights.

Mr. Widman’s background in operational finance and CFO roles is diversified across multiple industries – from computer manufacturing at UNISYS, to power distribution, generation, industrial automation, and high speed rail equipment at Asea Brown Boveri Inc. (ABBV), to heavy equipment at Terex Corporation. He has consistently tackled businesses in difficult situations requiring turnarounds, including debt restructuring at Philip Services, consolidations, acquisition integrations and business system upgrades. He has executed numerous capital market transactions to fund acquisitions, improve cost of capital and expand operational capabilities.

In addition to Ruger, Mr. Widman has served on multiple public company boards: Lubrizol Corporation as Audit Committee Chair and Governance Committee, ENVIRI Corporation as Audit Committee Chair, Compensation and Governance Committees, and V2X Corporation as Chair of the Audit and Compensation Committees.

He earned a B.B.A. from the University of Michigan and an M.B.A. from Eastern Michigan University.