Remington’s chief executive officer, James Marcotuli, has stepped down. The company says the decision was made for personal reasons. A source who’s in a position to know tells us that, unlike most cases where highly placed corporate executives are said to leave in order “to pursue other interests,” this change was truly made for personal reasons having nothing to do with the company’s or personal performance.
Remington has issued the following statement.
We are pleased to announce that Remington Board Member Jim Geisler has been elevated to Executive Chairman of the Board. This follows the decision by Jim Marcotuli to step down as CEO for personal reasons. Jim has also committed to continue as an advisor to the board during the transition.
In order to promote a quick and seamless transition, the Board has put in place a thoughtful and thorough process to identify a highly qualified successor to serve as a permanent CEO, with both internal and external candidates being considered.
We have a highly experienced and exceptional team at Remington that is committed to ensuring we avoid any disruptions to our current business operations
The Board and leadership of Remington are excited about the opportunities that lie ahead and continuing the Company’s unwavering focus on Safety, Compliance, Quality, Customer Service and Competitiveness.
Marco stepped down for personal reasons. Like many in the firearms industry, Remington is contending with a soft market; but make no mistake, the Company remains strong.
Wonder if they’ll interview Leghorn.
Now big green knows how we feel. When Quality stepped down we have to find a new source for firearms.
Sucks don’t it? Enjoy the ride mr new CEO. It’s a,quick one.
I volunteer my services.
Maybe, just maybe, they’ll get someone who’s a real gun person to run that crappy ass company. Bunch of bean counters that only care about the profit margin, do not care anything about their employees or the people of the gun. Look at their track record, Freedom group when it first got started bought Para-Ordnance a company that had been around since the early 1980s and forced upon them a engineering nightmare of a pistol they wanted para to build for them. When they designers and engineers at Para-Ordnance refuse to build such a crap firearm they simply gave everyone the pink slip and fired everyone and close the doors on the company and sold all the Machinery including the property. They did the same thing with Marlon when they bought Marlin absolutely ruined that gun when they move the company. They did it with DPMS they moved them to Huntsville Alabama and shut the door and fired guys that had over 20 years on the job with DPMS. They did the same thing with Bushmaster, thank God the owner of Bushmaster knew better than to sell the company outright and they just sold the name which Remington Outdoors AKA Freedom group ruined just like they did Marlon and Para-Ordnance. And that’s not counting the half a dozen smaller gun manufacturers that they bought and just close the doors on. I wouldn’t cross the street to pee on the CEO of Remington if he was on fire. Another one of these huge corporations that get bean counters to run their gun operations right into the ground. Remington used to have a good name was a quality firearm now they’re junk. Good luck finding someone to run that s*** whole company.
Gosh, Para was such a great company. Quality middle of the road 1911’s (in my experience). I picked one up when they were still in Charlotte (my hometown) just to have one with “Charlotte, NC” stamped on it. I still carry it occasionally.
That is the difference between a company and a corporation. A company answers to it’s owners who make the decisions. A corporation has to answer to it’s stockholders and to the government if it is public. This assures that all cost cutting measures be made.
When I worked for a corporation, the motto was “Quality is comforming to the requirements”. So making a product that comforms to the requirements set by a buyer was what is was all about. True quality means that the craftsmen do thier jobs to the best of thier ability, not to make “last ditch” style firearms.
Long time coming, but let’s talk about how TTAG is on top of break news. Keep it up!
Only R product I have is a 1970’s era 1100 in 20 ga. that my uncle handed down to me. Some buddies have newer 700’s they like a lot, but I’m a Savage man in that department.
This actually happened yesterday morning. TTAG isnt really that up to date on breaking news
A best of 3, 3gun, PRS, and skeet shoot to see who’s the new boss.
I want them to do the final competition in Tommy Boy!
Rat(s) abandoning ship?
I hear Barry Soetoro lubs him some guns and the ole “lady” is pushing him to find a job.
Just in case someone at Remington changes their mind on certain production products I picked up my 870 TAC-14 this afternoon.
I would have bought it without the news.
No sources listed! FAKE NEWWWWWS!!!!1!
I’ll take the job.
Worst case scenario is that I ruin my reputation as a good leader for giant corporations by making the company even worse than it already is (which is likely to happen no matter who they choose) and have to use my golden parachute to retire to a life of obscene wealth. It’s not like I have a reputation as a leader of a giant corporation anyway.
Best case scenario is that I fix the company by insisting on quality and then use my golden parachute to retire to a life of obscene wealth.
Works out the same way for me either way. Huh, maybe I’ve found the problem with getting CEO’s to do quality work.
The CEO was actually qualified and cared much more about his employees than previous ones. The first focus during his leadership was quality and safety. Both increased significantly and procedures were put in place to accomplish this. You really do not know what you are talking about. It is sad a good leader had to quit for personal reason in a short amount of time.
I am hoping for a CEO that will “MAKE REMINGTON ARMS GREAT AGAIN”. Hoping but not holding my breath. It’s gonna be another “panic pick”, “lazy bum pick”, or a pick that goes like this, ‘Hi, I am here to make you trust us again.’ DON’T YOU BUY IT! RUN TO BERGARA! YOUR MONEY IS SAFER THERE! Anyone care to disagree?
The competition is fierce. Mossberg, ruger, savage and many more make a really nice rifle these days. Gone are the days where everyone had the same 700 in the woods.
Maybe cohen will be next? Sig could use some good news….
Maybe the chief executive at Springfield will step down and we can consider buying Springfield firearms again
I was a hard working employee of Remington Huntsville Alabama its a sad place … I was told when hired by Mike santillo we are a family oriented company we care about and for you. On 9/13/2017 I was walked out and treated nasty by their human resources natalie platt I have no hard feelings but its probably a blessing Mr Marco stepped down he has no idea what’s going on inside that facility. When an undercover person is placed in there i can’t wait to read the write up on all the things that will be exposed including management treatment toward employees and low balling pay