John Shroyer Takes Over ATK as Current CEO Retires

ATK (Alliant Techsystems) (NYSE: ATK), the world’s largest ammo producer, manufactures CCI, Federal, and Speer ammo, plus CCI and Federal primers. ATK is also the parent company of Alliant Powder and ATK runs the Lake City Army ammunition plant. That’s why changes at ATK can affect shooters nationwide.

ATK announced that after more than six years as ATK chairman and CEO, Daniel J. Murphy will retire in March, 2010. The company’s board of directors has appointed General Ronald R. Fogleman to serve as Chairman of the board of directors. The board also elected John L. Shroyer, ATK’s current chief financial officer (CFO), to serve as interim CEO. The appointments are effective immediately.

In related news, ATK announced that second-quarter profit rose 18 percent, helped by stronger sales of ammunition for security forces in Afghanistan. The company said that demand remained strong for ATK’s commercial ammunition brands and products. “I am particularly pleased with the growth of our commercial businesses both in ammunition, aircraft structures and elsewhere across the company,” said John Shroyer, interim CEO, senior vice president and CFO.

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Tags: Alliant Techsystems, ATK, CCI, Federal, Speer