CEO Resigns and Successor Appointed from WithinAshburn, Virginia and Oberndorf, Germany, June 27, 2007 – Heckler & Koch announces the resignation of John G. Meyer, Jr. as Chief Executive Officer effective July 1, 2007. Mr. Meyer is departing after two years with the Company to pursue other opportunities requiring less international travel.
Andreas Heeschen, Heckler & Koch's primary owner, said, "Gil has been instrumental in reorganizing the Company and developing the strategy for future growth. As a result of this success, I have asked him to join me as a member of the Board of Directors and provide ongoing support to Mr. Newton and other HK senior managers. We are pleased he accepted our offer."
The Company has selected Martin Newton to succeed Mr. Meyer. Mr. Newton is being promoted from his position as Chief Financial Officer, which he has held since April 2003. Mr. Newton has extensive experience as a Financial Executive and has the ability and competence to assume this new responsibility.
"We are fortunate to have a very capable successor in Mr. Newton. He and Gil have worked closely these past years and that continuity will insure a seamless transition into his new role as CEO," concluded Mr. Heeschen.
Prior to joining HK, Mr. Newton was employed in various positions with BAE Systems for 15 years. He holds a business undergraduate degree as well as a Masters in Finance from the London Business School and he is a member of the Chartered Institute of Management Accountants.
Mr. Meyer said, "I am extremely proud to have served as HK's Group CEO for these past few years and look forward to continued participation as a member of the HK Board of Directors."
Mr. Newton said, "I am very pleased to have been selected as the HK Group CEO and will continue to serve the customers, Shareholders and employees with all of my ability."
About Heckler & Koch Group
Heckler & Koch is the world's premier small arms systems company and a major supplier of global military and federal law enforcement agencies. An innovative leader in design and manufacturing, Heckler & Koch provides technologically advanced firearms, logistical support, training and specialized services with the highest standards of innovation and reliability. Heckler & Koch's well-known ranges of weaponry include the MP5 Submachine gun, the MP7 Personal Defense Weapon and the G36 Weapon System, and the HK 416 Carbine.
For further information, please contact:
Heckler & Koch
Tel.: 703-450-1900 X 226 in the US
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