Vista Outdoor Announces Leadership Transition as Mark DeYoung Retires as Chairman and CEO.
Lead Independent Director Michael Callahan to Serve as Interim Chairman and CEO.
Vista Outdoor Inc. (NYSE: VSTO) announced today that Chairman and CEO Mark DeYoung is retiring from the Company and the Board of Directors, effective immediately. Michael Callahan, Vista Outdoor’s Lead Independent Director, has been named Interim Chairman and CEO. The Board of Directors is conducting a search for a permanent CEO and has retained a leading executive search firm to assist in the process. The Board intends to consider both internal and external candidates for the position. Vista Outdoor is a leading global designer, manufacturer and marketer of consumer products in the outdoor sports and recreation markets.
The company operates in two segments, Outdoor Products and Shooting Sports, and has a portfolio of well-recognized cycling brands including Camelbak as well as Giro, Bell, Blackburn and Co-pilot which were acquired in April 2016.
Vista Outdoor will hold an investor conference call to discuss this announcement on July 11, 2017 at 9 a.m. ET.
The details for the live call and full text from the release can be read here: Leadership Press Release 7.10.17 Final