Remington Announces Major Leadership Changes

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Remington has announced major changes in its senior leadership, including the vacation of its chairman and CEO, and of other major board members. RECOIL Web reports:

Remington Outdoor Company, once known as Freedom Group, today announced big changes to its senior leadership.

George Kollitides has stepped down as the chairman and chief executive officer. Jim Marcotuli will become ROC’s president and CEO, and will temporarily fill the role of board chairman as the company searches for a new chairman.

Other changes to the board include the appointment of James Campbell, who will become the vice chairman of the board and Jeffrey Pritchett. Stepping down from the board are Walter McLallen and James J. Pike.

ROC’s Chief Financial Officer, Ron Kolka, has also announced his retirement.

We surmise this reshuffling of the deck comes with the realization that a deep-pocketed investor is not going to appear and lift the company out of its pit of debt. The realization must be especially hard for the ROC managers and executives that joined together in 2013 to buy $150m in company debt and add another $25m to the company’s operating account.

ROC describes its new leader, Marcotuli, who was appointed to serve as co-lead director of ROC in September 2014, as an executive with 25 years of management and operations experience, most recently serving as President and CEO of North American Bus Industries (NABI). Prior to that position, Mr. Marcotuli held senior leadership roles at various companies, predominately in the aerospace and automotive industries.

Campbell, who is now the vice chairman, joined ROC as lead director in May 2012 and has focused most recently on enhancing ROC’s customer and industry relationships. He is an avid shooter and a life member of the National Rifle Association who built a 30-year career at General Electric Company where he most recently served as CEO, Appliances and Lighting, an $8 billion enterprise.

Mr. Pritchett brings financial and strategic planning expertise to the Board, most recently as a Senior Operating Executive and Head of the Finance / CFO practice within Cerberus Operating and Advisory Company. He has been advising the management and finance teams at ROC for the past few months as the company completes its search for a permanent CFO.

These changes come in the wake of Cerberus’ announcement that it would allow its investors to cash out of Remington Outdoor Company, after Cerberus failed to sell the oldest gun manufacturer in the United States. Cerberus wished to divest itself of Remington following the 2012 shootings in Connecticut.



Nathaniel F

Nathaniel is a history enthusiast and firearms hobbyist whose primary interest lies in military small arms technological developments beginning with the smokeless powder era. In addition to contributing to The Firearm Blog, he runs 196,800 Revolutions Per Minute, a blog devoted to modern small arms design and theory. He can be reached via email at nathaniel.f@staff.thefirearmblog.com.


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  • KestrelBike

    lol Remington hires the dudes who left HK.

  • JP

    Make Ted Nugent CEO of the Freedom Group.

    • JP

      The problem they have is that all their Gun biz is being run by progressive bean counters who don’t give a damn about the product a customer might actually want and are only worried about margins.

  • ostiariusalpha

    Nail down your damn CQ, Remington! You have plenty of desirable products, if you made them with a fit & finish that buyers could trust you’d be making plenty of moolah.

  • gunsandrockets

    How the heck can a well established gun company end up deeply in debt with people madly buying guns for the last seven years?

    • Nashvone

      I would say by relying on brand loyalty and not investing profits into future products.

      • Al Greene

        …and failure to invest in quality control and customer service. It is also doesn’t help that they have licensed their name to just about every hunting and camping knickknack in the Walmart sporting goods department.

    • Zachary marrs

      Colt, HK, probably a few others too

  • Z Germans

    Damn, Remington is still a real company??? Good luck, you sure have screwed EVERYTHING up in the last few years. I think the name will be bought by the Chinese to use on knock off Zippo lighters and possibly a household cleaning chemical.

  • Southpaw89

    “When you hit rock bottom there’s only two ways you can go, straight up, or sideways” Guess it remains to be seen which way they go. I love my 870, hope this is what it takes to save them.

  • Blake

    “There is no car company problem that good products won’t solve.”

    -Carlos Ghosn