Michael Callahan to Proceed Serving as Interim Chairman of the Board of Administrators
Farmington, Utah, October 5, 2017 – Vista Outside Inc.’s (NYSE: VSTO) Board of Administrators introduced that Christopher T. Metz will function the Firm’s Chief Govt Officer, efficient October 9, 2017. Metz could have duty for day-to-day operations of the Firm, and its complete model portfolio. He may also function a member of the Board of Administrators. In the course of the Firm’s second quarter Board of Administrators assembly, the Board will appoint a everlasting Chairman of the Board and till that date, Michael Callahan will proceed to function Interim Chairman, and Ambassador April Foley will proceed to function Lead Unbiased Director.
“The Board couldn’t be extra happy that Chris is becoming a member of Vista Outside,” stated Callahan. “He has over 25 years of expertise main client and industrial-based world companies. Chris is very strategic, operationally savvy, and has expertise bettering the efficiency of main organizations. He’s a motivational chief with broad expertise in gross sales, advertising and operations. His capabilities will profit Vista Outside as we proceed our give attention to constructing our manufacturers, increasing our e-commerce presence, lowering stock, and driving steady enchancment.”
Metz was most lately the president and CEO of Arctic Cat from 2014 to 2017. From 2005 to 2014, he served as a managing director of Solar Capital Companions, Inc., a number one personal fairness agency. Previous to Solar Capital, Metz labored for Black & Decker from 1992 to 2005. Throughout his tenure with the corporate, he was president of the and Dwelling Enchancment Group from 1999 to 2005, and held varied management positions together with president of Kwikset Company, president of Worth Pfister, president of Baldwin , and normal supervisor of European Skilled Energy Instruments and Equipment, throughout which period he lived in Frankfurt, Germany.
Metz serves on the board of Acushnet Holdings Company (NYSE: GOLF). He holds a bachelor’s diploma in finance and advertising from the College of Delaware and earned a grasp of enterprise administration diploma from the Kenan Flagler College of Enterprise, College of North Carolina at Chapel Hill. He’s an avid hunter, angler and bicycle owner.
“I’m thrilled to hitch the Vista Outside workforce,” stated Metz. “The corporate is a frontrunner in out of doors sports activities and recreation merchandise, with a novel and well-positioned portfolio of manufacturers. I sit up for working with the gifted workers as we leverage Vista Outside’s capabilities to ship progressive merchandise, construct upon strategic partnerships, enhance efficiency, and drive shareholder worth.”
“The Board of Administrators extends its appreciation to Mike for getting into the interim CEO function and for working intently with the Firm’s sturdy workforce,” stated Ambassador Foley. “Mike has supplied continuity all through this transition and we, together with the workers at Vista Outside, are grateful for his service.”
Vista Outside will maintain its Fiscal Yr 2018 Second Quarter Earnings Name on November 9, 2017.
About Vista Outside Inc.
Vista Outside is a number one world designer, producer and marketer of client merchandise within the rising out of doors sports activities and recreation markets. The corporate operates in two segments, Outside Merchandise and Taking pictures Sports activities, and has a portfolio of well-recognized manufacturers that gives shoppers with a variety of performance-driven, high-quality and progressive merchandise for particular person out of doors leisure pursuits. Vista Outside merchandise are bought at main retailers and distributors throughout North America and worldwide. Vista Outside is headquartered in Farmington, Utah and has manufacturing operations and services in 13 U.S. States, Canada, Mexico and Puerto Rico together with worldwide gross sales and sourcing operations in Asia, Australia, Canada and Europe. For information and data go to www.vistaoutdoor.com or observe us on Twitter @VistaOutdoorInc and Fb at www.fb.com/vistaoutdoor.
Sure statements on this press launch and different oral and written statements made by Vista Outside occasionally are forward-looking statements, together with those who focus on, amongst different issues: Vista Outside’s plans, targets, expectations, intentions, methods, objectives, outlook or different non-historical issues; projections with respect to future revenues, revenue, earnings per share or different monetary measures for Vista Outside; and the assumptions that underlie these issues. The phrases ‘imagine’, ‘count on’, ‘anticipate’, ‘intend’, ‘purpose’, ‘ought to’ and related expressions are supposed to establish such forward-looking statements. To the extent that any such data is forward-looking, it’s supposed to suit throughout the secure harbor for forward-looking data supplied by the Non-public Securities Litigation Reform Act of 1995. Quite a few dangers, uncertainties and different components may trigger Vista Outside’s precise outcomes to vary materially from expectations described in such forward-looking statements, together with the next: normal financial and enterprise circumstances within the U.S. and Vista Outside’s different markets, together with circumstances affecting employment ranges, client confidence and spending; Vista Outside’s means to draw and retain key personnel and keep and develop its relationships with prospects, suppliers and different enterprise companions, together with Vista Outside’s means to acquire acceptable third occasion licenses; Vista Outside’s means to adapt its merchandise to adjustments in expertise, and buyer preferences; Vista Outside’s means to keep up and improve model recognition and popularity; reductions, sudden adjustments in or our incapability to precisely forecast demand for ammunition, firearms or equipment or different out of doors sports activities and recreation merchandise; dangers related to Vista Outside’s gross sales to important retail prospects, together with sudden cancellations, delays and different adjustments to buy orders; provider capability constraints, manufacturing disruptions or high quality or value points affecting Vista Outside’s working prices; Vista Outside’s aggressive setting; dangers related to compliance and diversification into worldwide and business markets; the availability, availability and prices of uncooked supplies and parts; will increase in commodity, power and manufacturing prices; adjustments in legal guidelines, guidelines and rules regarding Vista Outside’s enterprise, similar to federal and state firearms and ammunition rules; Vista Outside’s means to execute its long-term progress technique, together with our means to finish and notice anticipated advantages from acquisitions and combine acquired companies; Vista Outside’s means to benefit from progress alternatives in worldwide and business markets; overseas foreign money trade charges and fluctuations in these charges; the end result of contingencies, together with with respect to litigation and different proceedings regarding mental property, product legal responsibility, guarantee legal responsibility, private damage and environmental remediation; dangers related to cybersecurity and different industrial and bodily safety threats; capital market volatility and the supply of financing; adjustments to accounting requirements or insurance policies; and adjustments in tax guidelines or pronouncements. Vista Outside undertakes no obligation to replace any forward-looking statements. For additional data on components that might influence Vista Outside, and statements contained herein, please seek advice from Vista Outside’s filings with the Securities and Alternate Fee.