Remington’s leadership is getting a shuffle after two of the company’s top executives resigned during the course of this month (.pdf).
James Campbell, former board member of the Remington Outdoor Company, is resigning for personal reasons. He is leaving in order to accept another position for a medical distributor.
Additionally, Remington’s interim Chairman of the Board and acting CEO James Marcotuli is also stepping down for his own reasons. Marcotuli helped lead Remington for a little over two years.
For now the company board has elevated James Geisler to Executive Chairman of the Board.
Geisler has history working with Cerberus, which owns Remington and the rest of the Freedom Group, which includes Advanced Armament, Bushmaster, DPMS and Marlin, and several other prominent names in the shooting industry.
Remington has had more downs than ups in the last decade with the Freedom Group. Cerberus, a private equity firm, pledged to divest from all their gun-related assets. In that time Remington suffered from major product recalls and a widely publicized class action lawsuit.
Earlier this year the company settled the class action lawsuit brought by a group of Remington 700 users. Depending on the rifle configurations, select guns might have a defect that would cause the guns to fire without pulling the trigger.
While the scale of the problem was fairly limited, considering the huge number of rifles in use today, it was still a blast of bad press following years of allegations against Big Green.
This was right on the heels of a disastrous new product launch, the updated Remington R51. The R51 was supposed to be the next great thing in concealed-carry but instead flopped due to widespread quality and production problems.
See Also: The Return of the Remington R51!
Although the company eventually addressed the issues with the revamped design, it took so long that it caused a lot of loss in consumer confidence.
Due to a combination of weak sales, the loss of major military contracts and problems with manufacturing and quality control, Remington has had to downsize and relocate in recent years.
The company recently moved their manufacturing to Huntsville, Ala. Part of this was in protest of anti-gun legislation passed in their home state of New York, but it was also a smart business move on Remington’s part.
Remington has a long way to go before they can completely restore their reputation, but things may still turn around for the company. They’re working hard to bring a new modern lineup of guns for sport and self-defense with a leaner, more efficient manufacturing team.