Tuesday, July 20, 2010

Bushmaster President to Retire

From Bushmaster:

Bushmaster Firearms® Announces the Retirement of the Company President

Windham, ME –After over a 40 year career in business and manufacturing, John A. DeSantis, President of Bushmaster Firearms has decided to retire and to pursue other challenges and another exciting phase of his life. John has been a tireless driving force behind the success of Bushmaster. He surrounded himself with a great team of professionals and together they have grown Bushmaster into the largest commercial AR platform rifle manufacturer in the world. John commented that “Bushmaster will always have a warm place in my heart and I have enjoyed my experience with the Freedom Group of Companies. I look forward to spending more time with my family.”

“On a personal note, John is truly a world-class gentlemen and I am proud to call him a personal friend. John has been an invaluable asset to our company and me personally. His wisdom and his high regard for our product, combined with his deep respect for the rich traditions of our industry, have been a great source of counsel and advice to me.” said Ted Torbeck, CEO, Freedom Group, Inc.

John’s retirement will be official on July 31, 2010, but he has graciously agreed to stay on and oversee the day to day business of Bushmaster until his replacement can be found. He also will continue on a consulting arrangement to help grow our modern sporting rifle business.

About Bushmaster Firearms International, LLC

Bushmaster Firearms International, LLC (BFI) is the leading supplier of AR15/M16 type rifles in the United States for Law Enforcement, security and private consumer use. Headquartered in Windham, Maine, with additional facilities in Dallas, Georgia and Lake Havasu, Arizona, BFI supplies aluminum and advanced carbon fiber-based rifle platforms in calibers ranging from 5.56mm/223 to 50BMG. These and associated accessories manufactured by BFI meet the tactical rifle needs of US customers as well as Military, Law Enforcement and Security clients from over 50 countries worldwide. Visit our web site at www.bushmaster.com.

I wonder if this has anything to do with the plans for the Freedom Group to go public.

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