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Madison, NC, January 4, 2012 – Remington Arms Company and its parent, Freedom Group, Inc. (FGI), are pleased to announce that the board of directors has appointed Robert L. Nardelli as Chief Executive Officer . . .
Mr. Nardelli was named director and a member of FGI’s Office of the CEO in September, 2010, following the resignation of the former CEO. “Over the past 15 months, under Bob Nardelli’s strong leadership, Freedom Group has enhanced its operational capabilities and is now positioned to focus on customers with renewed intensity on technology and product development,” said John Blystone, Chairman of Freedom Group, Inc. ”We are most fortunate to have one of the top business leaders of his generation at the helm of this iconic American company.”
Mr. Nardelli joined Cerberus Capital Management in the spring of 2007, and, shortly thereafter, was named Chairman and Chief Executive Officer of Chrysler Motors Company, LLC. Mr. Nardelli will continue to serve as an advisor to Cerberus and CEO of its operations team, Cerberus Operations and Advisory Company, LLC. Prior to joining Cerberus, Mr. Nardelli was Chairman and CEO of the Home Depot, Inc.