Sturm Ruger Falls After Gunmaker Surprises With CEO Succession

  • Fifer to retire in May after 10 years as chief executive
  • Retirement ‘caught the market a little by surprise’: investor

Sturm, Ruger & Co. declined the most in two months after unexpectedly announcing that Chief Executive Office Michael Fifer will retire in May and be replaced by Chief Operating Officer Christopher Killoy.

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