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Sturm, Ruger & Company, Inc. (NYSE-RGR) is pleased to announce the appointment of Ronald C. Whitaker as the Chairman of its Board of Directors. Mr. Whitaker replaces former Chairman of the Board C. Michael Jacobi, who will remain on the Board.
"I am honored and humbled by this appointment," said Chairman Whitaker. "As just the fifth Chairman of this great Company, I am looking forward to maintaining the high standards set by the leaders that came before me and to providing continued financial success for our shareholders."
Mr. Whitaker has been a member of Ruger's Board of Directors since 2006. He has served as Chairman of the Nominating & Corporate Governance Committee and the Compensation Committee, and as a member of the Audit Committee.
"Ron and I have served on the Ruger Board since 2006," stated outgoing Chairman C. Michael Jacobi. "I believe - and I am confident the Board agrees - that his significant executive, board and firearms industry experience make him an excellent Board member and Chairman. I am excited for this next chapter for both of us and for the Company."
Mr. Whitaker served as the President and CEO of Hyco International and as a member of its Board until his retirement in 2011. Mr. Whitaker is a Board member of the Walbec Group and Global Brass and Copper Company, Inc. and Chairman of the Indiana University Manufacturing Policy Initiative at the School of Public and Environmental Affairs. Previously, Mr. Whitaker was President and CEO of Strategic Distribution, Inc., President and CEO of Johnson Outdoors, and CEO, President and Chairman of the Board of Colt's Manufacturing Co., Inc. He is a former Board member of Panghorn Corporation, Firearms Training Systems, Group Decco, Michigan Seamless Tube, Precision Navigation, Inc., Weirton Steel Corporation and Code Alarm, and a former Trustee of the College of Wooster.
To learn more about the extensive line of award-winning Ruger firearms, visit Ruger.com or Facebook.com/Ruger. To find accessories for Ruger firearms, visit ShopRuger.com or your local independent retailer of Ruger firearms.
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®”