Freedom Group, Inc. reported that as of August 11, 2010, its Board of Directors formed an Office of the Chairman and named John B. Blystone as its new Chairman of the Board.
Blystone said “I am excited to help direct the growth of Freedom Group, Inc. With the creation of this office, the company has significantly enhanced its ability to operate with strong governance and to identify, evaluate and pursue a wide range of strategic and operational initiatives. This will enable the company to fully utilize the talented and capable team it has built to execute on the opportunities created by the combination of our manufacturing, powerful brands, and wide distribution within the outdoor lifestyle industry.”
McLallen, who will remain on the Board as Vice Chairman of the Board, added, “Each of us brings a distinct and differentiated skill set to our roles in the stewardship of Freedom Group. We are excited to bring those resources to bear as we extend our leadership position across a range of outdoor-related sports and activities for consumers and take full advantage of our opportunities with military and law enforcement customers around the globe.”
Mr. McLallen has served as a director of the Board since May 31, 2007 and served as Chairman of the Board from September 3, 2009 until Mr. Blystone was elected to the position.
Torbeck, CEO since March 2009, concluded, “I want to personally thank Mr. McLallen for his support and leadership at such a critical and formative time for our Company and as we now look to the future of our business and our brands. We are committed to operating our business consistent with the highest standards in every respect. With this team, we have the ability to apply an intense, simultaneous focus on operational development, capital structure, and a variety of organic and acquisition-related growth opportunities. We look forward to demonstrating our capabilities to the marketplace.”
