This press release hit Business Wire earlier today.
WEST VALLEY CITY, Utah–(BUSINESS WIRE)–SilencerCo, the nation’s leading designer and manufacturer of firearm suppressors (“silencers”), announced a change in company leadership effective January 3, 2018. Joshua Waldron will step down from his CEO position, and Jonathon Shults will step down from his role as President. Co-founded in a garage in 2008 by Waldron and Shults, SilencerCo has grown to be an industry leader, controlling the majority of sales of firearm suppressors and related accessories. The company has garnered the attention of gun enthusiasts, the business community, and even lawmakers, as Waldron and Shults, and hundreds of dedicated employees, have worked together to perfect their trade while also effecting social awareness of gun rights.
Mr. Waldron will continue his relationship with SilencerCo as Senior Advocacy Advisor, where he will focus his energy on firearm legislative advocacy, an area in which he excels. Mr. Shults will assume a new role as SilencerCo Chief Operating Officer, where he will oversee day-to-day operations and remain heavily involved in his areas of expertise, including R&D and product innovation. Both Waldron and Shults will serve on the SilencerCo Board to stay involved with the overall direction of the company. They each remain the company’s two largest equity holders.
Mr. Waldron stated, “After years of grit and hard work, SilencerCo is poised to succeed. It is now time for me to turn my focus to advocacy for the company and its industry. Resigning from my current duties as CEO will allow for more time spent in the legislative arena, furthering the scope and influence of SilencerCo products in the future.” Mr. Shults stated, “SilencerCo is responsible for suppressor industry innovation. As Chief Operating Officer, I look forward to working with our team to ensure that we stay at the forefront of firearm suppressor design and technology.”
The SilencerCo Board is currently engaged in a search for a CEO and will make an announcement regarding this position as soon as it has been filled.
More information about SilencerCo can be found at www.silencerco.com.
Tags: Silencerco
It seems odd that Shults would step down as CEO before finding a replacement. Hope the best for their continued success.
This position shuffle is a distinction without a difference. Each, as one of four equity owners of the company, can call themselves whatever they want. Their rabid support of the specious HPA may very well be the nexus of their problems and this announcement is just a smoke screen to cover their retreat.
“Be careful what you wish for, it may land on you.” – James Maurice Gavin