Remington CEO Resigns as Cerberus Awaits Gunmaker IPO
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Remington Arms Co., the gunmaker acquired by Cerberus Capital Management LP in 2007, said its chief executive officer resigned, almost a year after parent company Freedom Group Inc. filed for an initial public offering.
Theodore Torbeck, 54, who became CEO in March 2009, will leave Sept. 24 to join Cincinnati Bell Inc., Remington and Freedom Group said today in a statement. Torbeck is also CEO of Freedom Group, the largest gun and ammunition maker in the U.S.