Colt Defense Announces Senior Management Change

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11 years 3 months ago #28249 by mrraley
Colt Defense Announces Senior Management Change was created by mrraley
WEST HARTFORD, Conn. - Colt Defense LLC, a leading developer and manufacturer of small arms for the global military, law enforcement and sporting markets, today announced the appointment of Dennis Veilleux as President and CEO effective immediately. Mr. Veilleux was most recently President and CEO of New Colt Holding Corp., which was acquired by Colt Defense last month. Mr. Veilleux replaces Gerald R. Dinkel, who will remain on Colt Defense's Governing Board.

Commenting on the leadership transition, Governing Board Chairman Daniel J. Standen said, "During his tenure as CEO, Gerry Dinkel has been instrumental in Colt's transformation into a more diversified business, including the recent completion of the acquisition of New Colt Holding Corp. We are grateful to Gerry for his valuable contribution to the Company and look forward to supporting Dennis Veilleux as the new CEO of the re-unified Colt. Dennis has 27 years of experience in the firearms industry and has achieved considerable success in his stewardship of New Colt Holding Corp.'s growth in the commercial firearms market. We believe this succession positions Colt Defense well to address the different opportunities and challenges faced by the business."

About Colt Defense LLC

Colt Defense LLC is one of the world's oldest and most revered designers, developers and manufacturers of firearms and small arms weapons systems for military, law enforcement and sporting uses. Colt Defense LLC and its predecessors have supplied firearms and small arms weapons systems to the United States Government, the Canadian Government and other governments throughout the world for more than 160 years. The Company's portfolio of products and services continues to meet evolving global military, law enforcement and consumer requirements. Colt Defense's facilities are located in Connecticut and Ontario, Canada. More information on Colt Defense LLC is available at www.colt.com .

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11 years 3 months ago #28266 by OleCowboy
Replied by OleCowboy on topic Colt Defense Announces Senior Management Change
Another interesting move by a gun manuf...

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11 years 3 months ago #28272 by jtallen83
Replied by jtallen83 on topic Colt Defense Announces Senior Management Change
What will it mean for us end users?

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11 years 3 months ago #28277 by OleCowboy
Replied by OleCowboy on topic Colt Defense Announces Senior Management Change

jtallen83 wrote: What will it mean for us end users?

Only time will tell. But I have some fears:

I am seeing more and more of this stuff being wrapped up in holding companies etc. While this could be just a way of shielding it from lawsuits etc, the reality is this: All the folks at Colt working for Colt are right wing gun supporters and have been for over 100 years. But stacking all kinds of companies in the ownership chain WHAT IF they are owned by George Soros, or some other extreme anti gun lobby group???? They now shift the deck to ONLY sell to LEO/military, still making money, but now you and I can not buy. Not a big deal, I will take my money someplace else! In fact Lucky Star AR and Stomach Pump Room makes a top rated AR!

OK, great, saw those reviews too and yea its a top rated AR. But in the Wall Street Journal today, saw where a holding company just bought Lucky Star AR for $2 Mill, turns out the holding company is owned by Soros

and the beat goes on and on...

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11 years 3 months ago #28281 by jtallen83
Replied by jtallen83 on topic Colt Defense Announces Senior Management Change
Maybe everyone should set up an AR company in the garage so they can sell it for quick buck! Facts are they are going to have to restrict CNC machines if they want to control guns totally, where there is a will, there is a way! I for one still have free will! :usa:

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