Tactical Tailor

Magpul Announces Retirement of Richard Fitzpatrick

AUSTIN TEXAS, February 14, 2017 – Magpul Industries Corp today announced the retirement of Magpul Founder and CEO Richard Fitzpatrick. Richard made the decision to retire in September 2016 with an effective date of March 2, 2017, his 50th birthday. While Richard will be retiring from day-to-day operations at the company, he will remain involved as a major shareholder and member of the Magpul Board of Directors.

Twenty-four years ago, as an enlisted Marine, Richard sketched the attached drawing for the “Quick Pull” for M16 rifle magazines. It was five years later when this idea was refined into the original “Magpul” and, in 1999, Richard started a company named after the original product. Working from his basement, Richard was its sole employee while working 3 jobs to provide startup capital for the endeavor. Today, Magpul stands as one of the largest producers of firearm magazines and accessories in the world, with over 200 products. While the company has grown, its core values continue to drive every aspect of the company.

Richard made the decision to retire in 2016 based on his belief that Magpul has a cultural foundation and a robust and talented team that can carry forward his vision for the company. In his communication to Magpul employees, Richard stated, “I want to thank everyone who has joined me in building something I could never have imagined 24 years ago when I made the first drawing of the original Magpul concept. Magpul has been the center of my life for so long, that I cannot clearly remember being without it, so this decision was extremely hard for me to make. As Magpul stays true to its published foundations, we will continue to attract talent, build great things and most importantly stay relevant to people’s lives.”

In preparation for Richard’s new role, Magpul has spent the past six months adjusting management functions for a seamless transition. Doug Smith will serve as President and COO and continue directing day-to-day operations and business functions, as he has since 2004. Duane Liptak, a former United States Marine Corps Officer with an Aviation and Marine Special Operations background, who joined Magpul in 2012, has been promoted to Executive Vice President and will assume further responsibility over Richard’s role in product vision and marketing. Mike Mayberry, who joined Magpul in 2004, will continue as Vice President of Product Development providing the same innovative design quality for function and aesthetics that Magpul has been known for. Brad Bennett, who joined Magpul in 2007, has been promoted to Vice President of Engineering and will continue to expand the Design and Engineering group, and Carey Ryerson, who joined Magpul in 2012, has been promoted to Vice President of Manufacturing Operations.

Magpul was established on Richard’s ingenuity and grew under Richard’s unyielding leadership and vision. Today the company is stronger than ever and will continue to grow and expand under the founding core values that drives every aspect of the company. Richard will continue to serve a critical role for Magpul, but today, we celebrate the dedication, hard work, and vision of our Founder as he enters a new phase of his professional life.

www.magpul.com

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18 Responses to “Magpul Announces Retirement of Richard Fitzpatrick”

  1. CapnTroy says:

    Congratulations on a well deserved retirement!

  2. Matthew Kime says:

    Amazing accomplishments from one solid dude. Can’t wait to see what develops from idle hands in retirement.

    Even if you are able to kick back and relax, enjoy. You deserve it.

    You affected an industry for the better, for generations. BZ

  3. CWG says:

    Gotdamn I love this country.

    Congrats on the retirement and fantastic legacy.

  4. English kanigit says:

    ‘Murica.

  5. Rob says:

    Thank you and enjoy your retirement

  6. Chucker says:

    Congratulations! Best wishes for the future.

  7. Chicken Legs says:

    Man, I remember when… great job building an empire. Rich, my friend, enjoy your spoils!

  8. Meusoc says:

    Bravo Señor!
    I always admired how you stood up to the anti-gun folks in Colorado!
    Cheers Mate!
    Enjoy Texas!

  9. Mick says:

    I would actually buy a print of that sketch if it was offered, frame it and hang it on the wall. A testament to the heights you can reach with simply a good idea and also the reality that a good idea is worth nothing if you can’t find a way to monetize it.

  10. Thulsa Doom says:

    Well earned, Mr. Fitzpatrick.

    Brilliant idea, well executed. Entrepreneurship, capitalism, and the American dream.

    To be able to retire at 50 and enjoy lift? Amazing.

  11. some other joe says:

    Dear Magpul,

    Thank you for spelling seamless correctly.

    EOM.

  12. Texas-Roll-Over says:

    Retirement at 50, well played Sir!

  13. J H BOOTH says:

    Great inventor and businessman. If he gets tired in retirement, perhaps he could be the next US Senator from Texas?

  14. Victor DiCosola says:

    I want to thank Rich for giving me constant sound advice when I first started TNVC. His guidance and wisdom early on allowed me to make decisions to grow the business where it’s at today. I remember like it was yesterday when he allowed little ol’ me back in 2007/08 Shot Show to show off the first PRS (Gen1 which I still run) with a Raptor NV Scope. The PRS is still the best AR stock out there for precision optics and NV devices.

    Like he, I also started my company in my home and I cannot thank him enough. Thank you again Rich, enjoy retirement, you deserve it. Enjoy!

  15. Ranger Rick says:

    I remember meeting Richard the first time Magpul was at SHOT, immediately got the impression he was a solid dude.

    Good luck in the future.

  16. E-Rock says:

    Awesome! Well deserved, Rich. Thanks for showing the U.S.A. how it’s done.