Madison, North Carolina - Freedom Group, Inc. (FGI) is pleased to announce that the Board of Directors has named Walter (Wally) McLallen as Chairman of the Board, effective September 8, 2009. Having served on the Board of Directors since May 2007, McLallen has been instrumental in assembling the largest firearms manufacturer with a world-class management team. He replaces Paul A. Miller, Executive Chairman, who resigned to pursue new operational business opportunities.
"We want to take this opportunity to thank Paul for his many years of leadership and for his hard work to establish the Freedom Group, Inc. We have benefited from his leadership and wish him the best as he pursues other challenges in his life," said Theodore (Ted) Torbeck, Chief Executive Officer for the Freedom Group.
During his tenure, Miller originally served as Chairman of Bushmaster Firearms International, LLC, focusing on operational improvements while championing further acquisitions in the firearms and outdoor industry. He was named as Chairman of the Board for the Freedom Group in June 2008 and began serving as the Executive Chairman in October 2008. Under Miller's leadership and with the support of FGI's world-class executive management team, Freedom Group now is the world's leading firearms manufacturer with a portfolio of brands that benefit from a common infrastructure and where Six Sigma and lean manufacturing are a way of life.
"Paul should be proud of his accomplishments at Freedom Group. He will continue to support the management team as a consultant and will remain a director of the Remington® Outdoor Foundation," stated McLallen. "I want to personally thank Paul for all his support and dedication to Freedom Group."
McLallen brings FGI the experience to strategically grow Freedom Group. He currently serves as Managing Director of Meritage Capital Advisors and serves on the Board of Directors of Tier 1 Group and Alpha Media Group, Inc.
As he accepted the Board's appointment McLallen stated, "I am excited about the opportunity to strategically lead this company and its dedicated employees. Our enterprise is poised for growth and we will continue to expand into new markets while maintaining our commitments to operational excellence, quality and our customers."
About Freedom Group, Inc.
Freedom Group is the world's leading innovator, designer, manufacturer, and marketer of firearms, ammunition, and related products for the hunting, shooting sports, law enforcement, and military markets. As one of the largest manufacturers in the world of firearms and ammunition, we have some of the most globally recognized brands including Remington, Marlin, Harrington & Richardson, New England Firearms, L.C. Smith, Parker, Bushmaster, DPMS/Panther Arms, Dakota Arms, EOTAC, and INTC.