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

Colt-Burgess Rifle
Colt-Burgess Rifle

I Have This Old Gun: Colt-Burgess Rifle

There was a time when firearm manufacturers were primarily known for producing only one specific type of gun. In fact, their fame, reputations and, often, their fortunes hinged upon it.

2026 NRA Youth Education Summit Applications Open

Applications are now open for the 2026 NRA Youth Education Summit (Y.E.S.), an all-expenses-paid, six-day leadership and scholarship program for rising high school juniors and seniors.

The Rifleman Report: The Misrepresented Armed Citizen

Despite what mainstream news outlets would have us believe, most armed citizens are thoughtful, deliberate, responsible Americans whose foremost concerns are the well-being of themselves and their families.

First Breach Ammunition Factory Tour

An ambitious and technically savvy startup embarks on the goal to bring match-grade cartridges to the market at an enviable price—all made in America.

The Armed Citizen® Oct. 27, 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.

The Development of MIM Cartridge Cases

We recently caught up with Concurrent Technologies to learn more about its latest advancements in metal injection molding (MIM) as it pertains to cartridge case manufacturing.

Interests



Get the best of American Rifleman delivered to your inbox.