Sven
Senior Member
http://cbs.marketwatch.com/tools/qu...-8469-9B367A4FDC3B}&siteid=google&dist=google
Smith & Wesson CEO, president step down
12/5/2003 7:58:21 PM
NEW YORK, Dec 5 (Reuters) - Smith & Wesson Holding Corp. (SWB) , the parent company of the handgun maker, said on Friday Mitchell Saltz resigned as chairman and chief executive and Colt Melby stepped down as president.
Smith & Wesson's board named Roy Cuny as chairman, chief executive and president of the company, said the Scottsdale, Arizona-based company.
Cuny has been president and chief executive at Smith & Wesson Corp. since January 2003 and will continue in those roles.
Saltz and Melby, who will receive one year's salary and benefits under their severance package, will remain on the board of directors at Smith & Wesson Holding.
Smith & Wesson Holding said its board adopted a corporate governance plan to improve transparency between the holding company and its subsidiaries. The company's board will be increased to nine members from eight.
Smith & Wesson CEO, president step down
12/5/2003 7:58:21 PM
NEW YORK, Dec 5 (Reuters) - Smith & Wesson Holding Corp. (SWB) , the parent company of the handgun maker, said on Friday Mitchell Saltz resigned as chairman and chief executive and Colt Melby stepped down as president.
Smith & Wesson's board named Roy Cuny as chairman, chief executive and president of the company, said the Scottsdale, Arizona-based company.
Cuny has been president and chief executive at Smith & Wesson Corp. since January 2003 and will continue in those roles.
Saltz and Melby, who will receive one year's salary and benefits under their severance package, will remain on the board of directors at Smith & Wesson Holding.
Smith & Wesson Holding said its board adopted a corporate governance plan to improve transparency between the holding company and its subsidiaries. The company's board will be increased to nine members from eight.