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Sturm, Ruger & Company, Inc. (NYSE-RGR) is pleased to announce that at their April 24th meeting, the Board of Directors elected Steven M. Maynard to serve as Vice President of Lean Business Development, effective immediately. He will be responsible for facilitating the implementation of the Ruger Business System, comprised of enterprise-wide lean business practices and processes for sustained organic growth.
Steve Maynard graduated with a BSME from Worcester Polytechnic Institute and holds an MBA from Rensselaer Polytechnic Institute in Hartford, CT. Steve is a senior-level executive who is experienced with developing, leading, and executing successful business strategies, including Lean system transformations and the coordination of R&D efforts enterprise-wide. Prior to coming to Sturm, Ruger, he was Vice President of Engineering and Chief Information Officer (CIO) for the Wiremold Company. He was responsible for driving new product development using the Wiremold Product Development System including the Quality Function Deployment (QFD) methodology, with cross-functional, co-located teams. As CIO, Steve led the implementation of a company-wide system to support the new lean business environment. He also assisted in the due diligence process on many of the company's 23 acquisitions over a ten year period.
"We look forward to utilizing Steve's keen insight in driving the development of the world-class Ruger Business System, focused on operational excellence and growth," said Sturm, Ruger CEO Michael O. Fifer. "Steve will be involved in developing a new product engine, implementing strategy deployment for the Company, and coaching us through the lean business transformation."
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®”