SPRINGFIELD, Mass.,
Aug. 24, 2020 /PRNewswire/
-- Smith & Wesson
Brands, Inc. (NASDAQ Global Select: SWBI), a U.S.-based
leader in firearm manufacturing and design, today named
Deana L. McPherson as Executive Vice
President, Chief Financial Officer, Treasurer, and Assistant
Secretary, in a previously announced transition, which follows the
retirement of Jeffrey D. Buchanan
and the completion of the spin-off of the company's outdoor
products and accessories business.
Mark Smith, President and CEO,
said, "Since joining Smith & Wesson in 2007, Deana has made
significant contributions to our company, first in her role as
Corporate Controller, and later in key leadership roles that
expanded the scope and complexity of her responsibilities.
Her experience, strong leadership skills, and extensive knowledge
of Smith & Wesson's financial operations, make her a tremendous
fit for the role of Chief Financial Officer, and her long history
with our company will provide a seamless transition. The Board of
Directors and I are proud to name Deana as our new CFO."
McPherson joined Smith & Wesson in June 2007 as Corporate Controller, was later
promoted to Vice President of Finance and Corporate Controller, and
became Chief Accounting Officer in 2017. Her extensive
finance and treasury experience with the company includes
responsibility for financial reporting and oversight of the
company's audit, tax, and banking matters. McPherson has
played a key role in Smith & Wesson's longstanding relationship
with its lenders, and her work has been instrumental in managing
the company's syndicated bank credit facility.
McPherson is a Certified Public Accountant, a Chartered Global
Management Accountant, and is a member of the American Institute of
Certified Public Accountants and the Massachusetts Institute of
Public Accountants. She earned her BBA in Accounting at the
University of Massachusetts,
Amherst. With over 25 years as a financial professional, she
began her career as a Senior Auditor with Deloitte & Touche
LLP.
With the completion of the spin-off of Smith & Wesson's
outdoor products and accessories business, Jeffrey D. Buchanan retires after 15 years of
service to the company, including six years as a member of the
Board of Directors prior to becoming CFO. Smith, said, "I
want to thank Jeff for his many contributions over the course of
his career at Smith & Wesson. Jeff's leadership has long
helped guide and shape our organization, and we especially thank
him for his ongoing leadership throughout the recent spin-off
process, which has been instrumental in placing each company in a
position to unlock greater stockholder value. All of us at
Smith & Wesson wish Jeff the very best in his well-deserved
retirement."
About Smith & Wesson
Brands, Inc.
Smith & Wesson Brands, Inc. (NASDAQ Global Select: SWBI)
is a U.S.-based leader in firearm manufacturing and design,
delivering a broad portfolio of quality handgun, long gun, and
suppressor products to the global consumer and professional markets
under the iconic Smith & Wesson®, M&P®, Thompson/Center
Arms™, and Gemtech® brands. The company also provides
manufacturing services including forging, machining, and precision
plastic injection molding services. For more information call
(844) 363-5386 or visit www.smith-wesson.com.
Safe Harbor Statement
Certain statements contained in
this press release may be deemed to be forward-looking statements
under federal securities laws, and we intend that such
forward-looking statements be subject to the safe-harbor created
thereby. Such statements include our belief that, following
the spin-off, each company is in a position to unlock greater
stockholder value. We caution that these statements are qualified
by important risks, uncertainties, and other factors that could
cause actual results to differ materially from those reflected by
such forward-looking statements. Such factors include, among
others, economic, social, political, legislative, and regulatory
factors; the potential for increased regulation of firearms and
firearm-related products; actions of social activists that could
have an adverse effect on our business; the impact of lawsuits; the
demand for our products; the state of the U.S. economy in general
and the firearm industry in particular; general economic conditions
and consumer spending patterns; our competitive environment; the
supply, availability, and costs of raw materials and components;
the impact of protectionist tariffs and trade wars; speculation
surrounding fears of terrorism and crime; our anticipated growth
and growth opportunities; our ability to increase demand for our
products in various markets, including consumer, law enforcement,
and military channels, domestically and internationally; our
penetration rates in new and existing markets; our strategies; our
ability to maintain and enhance brand recognition and reputation;
our ability to introduce new products; the success of new products;
our ability to expand our markets; our ability to integrate
acquired businesses in a successful manner; the potential for
cancellation of orders from our backlog; and other risks detailed
from time to time in our reports filed with the SEC, including our
Annual Report on Form 10-K for the fiscal year ended April 30, 2020.
Contact:
investorrelations@smith-wesson.com
(413) 747-3448
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SOURCE Smith & Wesson Brands,
Inc.