{"id":772228,"date":"2023-07-25T10:05:28","date_gmt":"2023-07-25T14:05:28","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ammo-inc-announces-jared-smith-as-its-new-chief-executive-officer\/"},"modified":"2023-07-25T10:05:28","modified_gmt":"2023-07-25T14:05:28","slug":"ammo-inc-announces-jared-smith-as-its-new-chief-executive-officer","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ammo-inc-announces-jared-smith-as-its-new-chief-executive-officer\/","title":{"rendered":"AMMO, Inc. Announces Jared Smith as its New Chief Executive Officer"},"content":{"rendered":"
\n

\n SCOTTSDALE, Ariz., July 25, 2023 (GLOBE NEWSWIRE) — <\/strong>AMMO, Inc. (Nasdaq: POWW, POWWP) (\u201cAMMO\u201d or the \u201cCompany\u201d), the owner of GunBroker.com, the largest online marketplace serving the firearms and shooting sports industries, and a leading vertically integrated producer of high-performance ammunition and components, today announced Jared Smith as the Company\u2019s new Chief Executive Officer effective July 24, 2023.<\/p>\n

\u201cToday I, along with the Board of Directors, am pleased to announce that industry veteran Jared Smith has been named Chief Executive Officer and will become a Director of AMMO and GunBroker.com,\u201d said Fred Wagenhals, AMMO\u2019s current CEO and Chairman. \u201cI will remain Executive Chairman of AMMO and GunBroker.com and will be a strategic advisor to the Company and Jared to assist in the transition. Jared has been AMMO\u2019s President and Chief Operating Officer since January 2023.\u201d<\/p>\n

Jared has spent 17 years working in the firearm and ammunition sector, where he most recently spent more than five years as the General Manager with Fiocchi of America, a global manufacturer of premium ammunition for competition, hunting, and defense applications. During his tenure at Fiocchi, he held multiple positions, including Director of Procurement and Supply Chain, and subsequently, Vice President of International Strategy and Development. As Fiocchi\u2019s GM, Jared maintained full P&L ownership and managed separate manufacturing operations, while overseeing three acquisitions and led Fiocchi\u2019s revenue growth in three short years from $95 million to more than $200 million.<\/p>\n

\u201cThe CEO Succession Committee of the Board of Directors, in consultation with international executive search firm Egon Zehnder, was tasked with conducting the national search to fill the CEO position,\u201d said Jessica Lockett, Board Member. \u201cWe thoroughly canvassed the marketplace for high qualified candidates who possessed what we believed were the extensive set of skills necessary for a CEO to balance. Following this process, it was clear that Jared was the most attractive candidate for the position.\u201d<\/p>\n

\u201cI’ve\u00a0had the opportunity to get to\u00a0know Jared over the past few months, and\u00a0I\u00a0am confident he combines a strong background, executive skills, and, most importantly, the vision to grow this\u00a0Company into a true market leader. Jared stands out among the many CEOs I\u2019ve come to know over my own years of experience, and we as a board are excited to welcome him as Ammo Inc.\u2019s CEO and\u00a0as a member of our\u00a0board, and we very much look forward to his, and our, future success,\u201d added Christos Tsentas, AMMO director.<\/p>\n

\u201cIt was always my intent to engage a permanent successor when I founded AMMO in 2016 and took the reigns as CEO,\u201d continued Wagenhals. \u201cOnce I spent time with Jared, it became clear to me he could take our Company to the next level and beyond, and I am pleased the CEO Succession Committee came to the same conclusion. Jared has impressive leadership skills and knowledge of our Company\u2019s targeted marketplace, and he is singularly focused and committed to deliver on the strategic imperative of further strengthening and growing AMMO and GunBroker.com, leveraging our amazing employees and technological market differentiators.\u201d<\/p>\n

\u201cOn behalf of the Board, the Company, and its stakeholders, I would like to thank Fred Wagenhals for his exceptional entrepreneurial vision and his many contributions during his tenure as AMMO\u2019s Chairman and CEO, including the 2021 strategic acquisition of GunBroker.com, the opening of our new state-of-the-art manufacturing plant in Manitowoc, Wisconsin in 2022, and attracting and retaining industry-leading executives such as Jared,\u201d said Rusty Wallace, Board Member, NASCAR Hall of Fame member, entrepreneur, and broadcast analyst. \u201cThe entire Board is truly excited to welcome and work with Jared, whose experience as an industry insider, we believe, will only strengthen AMMO\u2019s presence in the marketplace.\u201d<\/p>\n

\u201cI am honored to be appointed CEO and look forward to leading this Company, our executive leadership team, and our Board toward the continued transformation of our industry,\u201d said Smith. \u201cI have spent almost two decades in the firearm and ammunition sector and have always recognized AMMO and GunBroker.com as best in class for their space and potential. I joined this team because of the raw potential of the operations team, multiple opportunities to innovate, bring transformative change, and continue the growth trajectory of this Company. Fred, the executive team, and I believe numerous and compelling future opportunities for AMMO and GunBroker.com lie ahead, some of which we plan to announce in a Shareholder\u2019s Letter later this week. I look forward to an exciting and successful future for AMMO and GunBroker.com.\u201d<\/p>\n

\n About AMMO, Inc.<\/strong>
\n
With its corporate offices headquartered in Scottsdale, Arizona, AMMO designs and manufactures products for a variety of aptitudes, including law enforcement, military, sport shooting and self-defense. The Company was founded in 2016 with a vision to change, innovate and invigorate the complacent munitions industry. AMMO promotes branded munitions as well as its patented STREAK\u2122<\/sup>\u00a0Visual Ammunition, \/stelTH\/\u2122<\/sup>\u00a0subsonic munitions, and specialty rounds for military use via government programs. For more information, please visit:\u00a0www.ammo-inc.com<\/a>.<\/p>\n

\n About GunBroker.com<\/strong>\n <\/p>\n

GunBroker.com is the largest online marketplace dedicated to firearms, hunting, shooting and related products. Aside from merchandise bearing its logo, GunBroker.com currently sells none of the items listed on its website. Third-party sellers list items on the site and Federal and state laws govern the sale of firearms and other restricted items. Ownership policies and regulations are followed using licensed firearms dealers as transfer agents. Launched in 1999, GunBroker.com is an informative, secure and safe way to buy and sell firearms, ammunition, air guns, archery equipment, knives and swords, firearms accessories and hunting\/shooting gear online. GunBroker.com promotes responsible ownership of guns and firearms. For more information, please visit:\u00a0www.gunbroker.com<\/a>.<\/p>\n

\n Forward Looking Statements<\/strong>\n <\/p>\n

This document contains certain \u201cforward-looking statements\u201d. All statements other than statements of historical fact are \u201cforward-looking statements\u201d for purposes of federal and state securities laws, including, but not limited to, any projections of earnings, revenue or other financial items; any statements of the plans, strategies, goals and objectives of management for future operations; any statements concerning proposed new products and services or developments thereof; any statements regarding future economic conditions or performance; any statements or belief; and any statements of assumptions underlying any of the foregoing.
Forward looking statements may include the words \u201cmay,\u201d \u201ccould,\u201d \u201cestimate,\u201d \u201cintend,\u201d \u201ccontinue,\u201d \u201cbelieve,\u201d \u201cexpect\u201d or \u201canticipate\u201d or other similar words, or the negative thereof. These forward-looking statements present our estimates and assumptions only as of the date of this report. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the dates on which they are made. We do not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the dates they are made. You should, however, consult further disclosures and risk factors we include in Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Reports filed on Form 8-K.<\/p>\n

\n Investor Contact:<\/strong>
\n
CoreIR
Phone: (212) 655-0924<\/p>\n

\n AMMO, Inc.<\/strong>
\n Contact:<\/strong>
\n
Victoria Welch
Phone: (480) 947-0001<\/p>\n

Source: <\/strong>AMMO, Inc.<\/p>\n<\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

SCOTTSDALE, Ariz., July 25, 2023 (GLOBE NEWSWIRE) — AMMO, Inc. (Nasdaq: POWW, POWWP) (\u201cAMMO\u201d or the \u201cCompany\u201d), the owner of GunBroker.com, the largest online marketplace serving the firearms and shooting sports industries, and a leading vertically integrated producer of high-performance ammunition and components, today announced Jared Smith as the Company\u2019s new Chief Executive Officer effective July 24, 2023. \u201cToday I, along with the Board of Directors, am pleased to announce that industry veteran Jared Smith has been named Chief Executive Officer and will become a Director of AMMO and GunBroker.com,\u201d said Fred Wagenhals, AMMO\u2019s current CEO and Chairman. \u201cI will remain Executive Chairman of AMMO and GunBroker.com and will be a strategic advisor to the Company and Jared to assist … <\/p>\n

Continue reading “AMMO, Inc. Announces Jared Smith as its New Chief Executive Officer”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-772228","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAMMO, Inc. Announces Jared Smith as its New Chief Executive Officer - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ammo-inc-announces-jared-smith-as-its-new-chief-executive-officer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AMMO, Inc. 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