Ruger Announces Appointment of New Directors
August 01, 2005
Sturm, Ruger & Company, Inc. (NYSE: RGR) announced today that its Board of Directors has voted to increase the number of Directors to eight and has elected Rear Admiral Joseph C. Strasser (USN, Ret.), and Mr. John A. Cosentino, Jr. as Directors of the Company, effective August 1, 2005.
Rear Admiral Strasser is the Executive Director of the Naval War College Foundation, former President of the Naval War College, former Campus Executive Officer of Pennsylvania State College, and former Dean of Commonwealth College. RADM Strasser was also a Staff Officer to the Chief of Naval Operations, Executive Assistant to the Commander in Chief of the U.S. Pacific Command, and Executive Assistant to the Chairman of the Joint Chiefs of Staff. Mr. Cosentino is a partner of the Ironwood Manufacturing Fund, LP and Chairman of the Board of Simonds International, former Group Executive of the Danaher Corporation, former Vice President of Operations for the Stanley Works, and former President, North American Operations of Otis Elevator, a division of United Technologies Corporation.
Company Chairman William B. Ruger, Jr. commented that "Messrs. Strasser and Cosentino bring valuable and diverse business experience to the Board. Their appointment as Directors will complement the already exceptional leadership skills of our Board as we guide the Company's future endeavors."
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. The only full-line manufacturer of American-made firearms, Ruger offers consumers over 400 variations of more than 30 product lines. For more than 60 years, Ruger has been a model of corporate and community responsibility. Our motto, "Arms Makers for Responsible Citizens®," echoes the importance of 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®”