Fear & Loading: Remington CEO Resigns For Personal Reasons

by
posted on August 29, 2017
** When you buy products through the links on our site, we may earn a commission that supports NRA's mission to protect, preserve and defend the Second Amendment. **
mistrust.jpg

On Aug. 15, 2017, James Marcotuli, announced his resignation (PDF) as CEO and chairman of the board at Remington. He held the positions for roughly two years.

In a conference call last week, Remington Board of Directors Executive Chairman James Geisler told company investors, “The board has commenced an expansive CEO search both internally and externally to find the most qualified candidates who are both passionate and knowledgeable about our industry, customers and products.” Qualified candidates from outside the gun industry will be considered, although someone with experience in the firearm arena has an advantage in selection.

Marcotuli is leaving the helm of the nation’s oldest gunmaker for personal reasons, and comments during the conference call indicate the board was pleased with the results of his efforts, particularly during a relatively challenging period in the firm’s history. He oversaw a period that included record-breaking sales during the 2016 election cycle, and rose to the challenges of filling retailer supply lines. Then a shift in strategy was required as the market returned to its new norm in growth this year.

The latter’s challenges are reflected in the company’s latest (July 2) quarterly report (PDF) report. In its firearms operations, “Net sales for the three months ended July 2, 2017 were $65.2 million, a decrease of $29.6 million, or 31.2%, as compared to the three months ended June 26, 2016. Sales of rifles, including MSRs, centerfire and rimfire rifles, decreased $26.7 million, while other product sales decreased $2.9 million.” The firm’s ammunition operations didn’t fare much better. “Net sales for the three months ended July 2, 2017 were $80.4 million, a decrease of $12.6 million, or 13.5%, as compared to the three months ended June 26, 2016. Sales decreases were caused primarily by market softness.”

Marcotuli’s tenure also included a period in which the company issued the voluntary recall of some of its most popular firearms.

Latest

BATFE Report Dissects
BATFE Report Dissects

ATF Report Highlights Trends In NFA Sales, Manufacturing Numbers & More

The Bureau of Alcohol, Tobacco, Firearms and Explosives recently released a 61 page “Firearm Commerce Updates and New Analysis” report. Figures included are up to and including 2023, the latest available.

Preview: Bastinelli R.E.D. Fixed Stone Washed

Designed for operators in the French National Police’s elite RAID tactical unit, the Bastinelli R.E.D. Fixed Stone Washed knife is also eminently useful for everyday carry ...

Mossberg Introduces SPX & Professional Models To 940 Pro Tactical Line

Mossberg has expanded its popular 940 Pro Tactical shotgun line with SPX and Professional models, with each adding a slate of upgraded components and accessories designed to enhance the shotgun's capabilities.

Preview: Streamlight Sidewinder X

This high-output, multi-fuel, military-style light with a tilting head is perfect for hunters and home defenders looking for more than just a handheld light...

The Armed Citizen® July 4, 2025

Read today's "The Armed Citizen" entry for real stories of law-abiding citizens, past and present, who used their firearms to save lives.

A Guide To Double-Stack 1911s

The 2011 brings double-stack capacity and modular upgrades to the 1911 platform, but not every wide-body 1911 out there earns that name.

Interests



Get the best of American Rifleman delivered to your inbox.