As part of the previously announced plan to sell its ammo business to Czechoslovak Group and change the company’s name to Revelyst, Vista Outdoor, Inc. named Eric Nyman and Jason Vanderbrink as co-chief executive officers in a regulatory filing.
Vista Outdoor also announced that Gary L. McArthur resigned as interim CEO in connection with and preparing for the corporate moves.
The leadership changes went into effect on November 29.
McArthur, a member of Vista’s board, became interim CEO on February 2, 2023, following the resignation of Chris Metz, who had been Vista’s CEO for six years.
Nyman had served as CEO of Vista’s Outdoor Products segment since August 2023. He was previously president and chief operating officer at Hasbro.
Vanderbrink had served as CEO of Vista’s Sporting Products segment since April 2023. Previously, he had been president of Ammunition since 2017.
In October, Vista agreed to sell its Sporting Products segment, including CCI, Federal, Hevi-Shot, Remington, and Speer, to Czechoslovak Group (CSG), a defense-oriented firearms company based in Czechoslovakia. The all-cash deal was valued at $1.9 billion on an enterprise value basis, which includes debt.
The transaction is expected to close in calendar year 2024, subject to shareholder and regulatory approval.
Upon closing, Vista will continue to operate the Vista Outdoor business while being renamed Revelyst and led by Nyman.
Vista’s outdoor business includes Foresight Sports, Bushnell Golf, Fox, Bell, Giro, CamelBak, QuietKat, Bushnell, Primos, Simms, Camp Chef, and Stone Glacier.
Photos courtesy Vista Outdoor