Colt Melby has retired from the board of directors, effective January 8, 2008.
“Colt was instrumental in bringing ownership of Smith & Wesson back to the United States in 2001 through its purchase from Tomkins, a U.K.-based holding company,” said Barry Monheit, Chairman of Smith & Wesson’s board of directors. “His early vision and dedication were key in planning the return of this iconic American brand, and we thank him for his years of service to the Company.”
Melby said, “I have enjoyed seeing Smith & Wesson grow over the past several years and transform itself into a results-oriented company with a strong management team at the helm and a focus on safety, security, protection and sport. I wish the company continued success.”
With the retirement of Colt Melby, the board of directors has eight members, of which six are independent directors.