Weapons maker Remington Arms promotes exec
Ted Torbeck will replace outgoing CEO Thomas Millner as the top executive for Remington and its parent company Freedom Group Inc. Torbeck originally joined the company in early 2008 as chief operating officer.
Before Remington, Torbeck worked for General Electric Company since 1978, most recently as vice president of operations, GE Industrial. He was also president and CEO of GE Rail Services, as well as spending time serving as VP and general manager of global supply chain for GE Aircraft Engines.
Madison, N.C.-based Remington designs, manufacturers and markets firearms, ammunition and accessory products. Its main markets are the hunting and shooting sports groups, as well as military and law enforcement.
Freedom Group and Remington
Chairman Paul Miller said in a statement Torbeck was the right fit to lead the company forward.
“His experience is invaluable as we continue to grow our business, and expand into new markets while maintaining our commitments to operational excellence, quality and our customers,” he said.
Speaking on background, a company spokesperson told WinmoEdge, Remington and Freedom Group are in the process of an overall reorganization of Freedom Group and its subsidiaries. Exact titles, management and marketing functions are yet to be determined, but Torbeck will be CEO over the entire umbrella.
“I am excited about the opportunity of leading this amazing group of companies and its dedicated employees,” Torbeck said in a statement. “The industry faces many challenges and our enterprise is poised to address them and continue to meet and exceed our customers’ expectations.”
The spokesperson said it was too early to say what Torbeck’s exact role will be, other than overall leadership. She said Marketing Manager Al Russo is the best person to speak with concerning marketing and advertising inquires. Russo was not available for comment.
Remington’s most recent SEC fillings reported the company brought in $174 million in revenue in the third quarter of 2008, up 10.6 percent from the same quarter in 2007.
The spokesperson confirmed Tulsa, Okla.-based Brothers & Co. is the agency of record for Remington.
According to The Nielsen Company, Remington spent about $300,000 on national magazine ads in 2007.
It seems some management structure is still up in the air. Interested firms’ best bet is Russo in the marketing department. There could be business-to-consumer opportunities marketing Remington’s hunting and sporting weapons, as well as a business-to-business openings marketing to law enforcement, military officials and government agencies.
Remington Arms Company Inc.
870 Remington Drive
Madison, NC 27025
Chief Executive Officer