William B. Ruger, Jr. Steps Down

Successor to be named within next few months

SOUTHPORT, CT -- February 14, 2006 -- Sturm, Ruger & Company, Inc. (NYSE:RGR) announces the retirement of Chairman of the Board and Chief Executive Officer William B. Ruger, Jr., effective February 28, 2006. He has also resigned as Chairman of the Board and Board Member of the Sturm, Ruger Board of Directors, effective February 13, 2006. It is anticipated that his successor will be elected and named by the Board of Directors within the next few months. Vice Chairman of the Board, President, and Chief Operating Officer Stephen L. Sanetti will assume Mr. Ruger's duties on an interim basis.


"Bill Ruger Jr. has been a key member of management since he joined the Company 42 years ago," said Sturm, Ruger President Stephen L. Sanetti. "He has been Director of Manufacturing Operations of our Southport, CT facility, a Vice President of the Company, and has served with distinction as the Company's President for many years. He has occupied his current position since the retirement of the Company's co-founder William B. Ruger, Sr. on October 24, 2000. He is a brilliant and sagacious individual whose singular presence we will miss, and we sincerely wish him a well-earned and personally satisfying retirement," Sanetti concluded.


Sturm, Ruger is the nation's leading manufacturer of high-quality firearms for recreation and law enforcement, and a major producer of precision steel and titanium investment castings. Sturm, Ruger is headquartered in Southport, CT, with plants and foundries located in Newport, NH and Prescott, AZ.


Recommended for You

Ammo

New 30-06 Springfield Elite Match Ammo from SIG SAUER

Rifleshooter Online Editors - April 03, 2019

SIG SAUER adds to its Elite Match ammo line with the 30-06 Springfield.

Accessories

Rifle Shooter Father's Day 2019 Gift Guide

J. Scott Rupp - May 07, 2019

Rifle Shooter editor Scott Rupp provides a comprehensive list of ideal Father's Day gifts.

Ammo

Cartridge Clash: .22 Nosler vs .224 Valkyrie

Brad Fitzpatrick - May 02, 2019

Brad Fitzpatrick pits two centerfire .22s against each other: the .22 Nosler and .224...

See More Recommendations

Trending Stories

Bolt-Action

Review: Ruger American/Robar Scout Rifle

Ed Head - April 23, 2019

Gunsite's Ed Head reviews the Ruger American/Robar Scout Rifle.

Bolt-Action

Review: Performance Center-Thompson/Center LRR

Alfredo Rico - April 09, 2019

Thompson/Center and S&W's Performance Center team up to build an entry-level long-range...

Shooting Tips

How to Shoot Your Best from a Benchrest

Keith Wood - August 05, 2014

You're only as good as your weakest link; heed these to tips to make sure your shooting skills...

See More Stories

GET THE MAGAZINE Subscribe & Save

Temporary Price Reduction.

SUBSCRIBE NOW

Give a Gift   |   Subscriber Services

PREVIEW THIS MONTH'S ISSUE

GET THE NEWSLETTER Join the List and Never Miss a Thing.

×