공시 • Feb 24
Sturm, Ruger & Company, Inc. Announces Board Changes
Sturm, Ruger & Company, Inc. announced, in connection with the Board refreshment process initiated several years ago, the appointment of Aaron Rivers, Stephen Timm and Lorin Cassidy Wolfe to the Company’s Board of Directors (the “Board”). Concurrently, Sandra Froman, Christopher Killoy and Rebecca Halstead have retired from the Board. In addition, as previously disclosed, Ronald Whitaker does not plan to stand for reelection at the Company’s 2026 annual meeting. Previously, the Board appointed Todd Seyfert as President and Chief Executive Officer, effective March 1, 2025, and elected him to the Board in connection with that appointment. As part of the refreshment, the Board also appointed Bruce Pettet, longtime CEO of Leupold & Stevens, as an independent director, effective June 19, 2025. As of the annual meeting the Board will comprise nine directors, eight of whom are independent and five of whom have joined within the past year. Board leadership remains John Cosentino, Chairman, Phil Widman, Vice Chairman, and Amir Rosenthal, Chairman of the Audit Committee. The Board now welcomes three leaders whose experience across complex industrial organizations enhances its collective expertise and governance depth: Aaron Rivers, Stephen Timm and Lorin Cassidy Wolfe. Aaron Rivers is a seasoned industrial executive with more than 25 years of global leadership experience across automotive, commercial vehicles, aerospace, filtration and mobility systems. He brings an execution first mindset and a proven ability to establish and deploy strategic objectives. His expertise in lean manufacturing, multi-site operations, supply chain management, and disciplined P&L leadership will provide valuable operational perspective to Ruger. Mr. Rivers currently serves as Chief Executive Officer of Dakkota Integrated Systems, a $1.2 billion Tier 1 automotive supplier where he has reshaped operational disciplines, accelerated profitable growth and positioned the company as an integrated operations partner to leading OEMs. His operational leadership experience positions him to make a meaningful contribution to Ruger’s Board. Stephen Timm brings more than 30 years of senior executive leadership experience in strategy, operations and enterprise transformation across global industrial and technology driven businesses. Known for a disciplined, data driven approach to decision making, he has extensive experience driving operational accountability, risk management and strong performance. Most recently, Mr. Timm served as President of Collins Aerospace, a $28 billion aerospace and defense company with approximately 83,000 employees worldwide. In that role, he was responsible for driving long term strategy, overseeing portfolio management and capital allocation, and delivering consistent financial performance across complex global operations. His experience leading a large-scale manufacturing enterprise, combined with a disciplined approach to capital allocation and board level governance, positions him to provide valuable perspective in support of Ruger’s long-term objectives and financial performance. Lorin Cassidy Wolfe is a strategic operator, CEO, private equity partner and board member with more than 20 years of experience leading engineered product and business services companies through transformation. She brings a combination of operational rigor, commercial strategy and culture building leadership developed across Fortune 100, private equity and founder led businesses around the world. Ms. Wolfe was recently appointed Vice President, Business System at Johnson Controls, where she leads a global continuous improvement initiative driving strategy deployment and execution across operations, commercial teams and shared services. Prior to Johnson Controls, Ms. Wolfe was a Partner for a lower middle market private equity firm, and a divisional senior executive at Danaher. Her experience aligning operational performance with enterprise strategy, strengthening execution discipline across complex organizations, and guiding leadership teams through periods of transition will provide valuable perspective as Ruger advances its long-term strategic priorities and continues to build a robust, lean business system.