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Sturm, Ruger & Company, Inc., (NYSE: RGR) is pleased to announce the appointment of Thomas P. Sullivan to serve as Vice President of Newport Operations, effective immediately. He will be in charge of and responsible for management of both our firearms manufacturing and Pine Tree Castings facilities.
Tom Sullivan graduated with a BSME from Illinois Institute of Technology in 1983. Thereafter, he received his SMME from Massachusetts Institute of Technology and his MBA from the University of Chicago. Prior to coming to Sturm, Ruger & Co, Inc., he was Vice President of Lean Enterprise at IMI Norgren Ltd, at which he developed and implemented a Global Strategy Deployment Process and Global Manufacturing strategy.
"The Board of Directors has mandated necessary changes to meet the overwhelming demand for our quality Ruger products. In short, the Company is 'going lean' and is working to reduce or eliminate waste, scrap, rework, or unneeded inventories," said Sturm, Ruger President Stephen L. Sanetti. "Tom has been engaged in the transformation and management of efficient manufacturing operations for over 20 years. His previous experience in lean manufacturing is in direct concert with the top-to-bottom overhaul of all processes that is currently taking place in our Newport, New Hampshire facility. While many changes have already occurred at the facility, Tom's knowledge and familiarity with the 'lean concept' will spawn additional necessary changes at an accelerated pace, with the goal of rapidly improving the efficiency of all Newport operations. We welcome him aboard and are excited at the prospect of an accelerated pace of change," Sanetti concluded.
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. With products made in America, Ruger offers consumers almost 800 variations of more than 40 product lines. For more than 70 years, Ruger has been a model of corporate and community responsibility. Our motto, "Arms Makers for Responsible Citizens®," echoes our commitment to 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®”