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January 8th, 2012

Cost-Cutting Capitalist Robert Nardelli Named Remington CEO

Nardelli Remington CEO logoNew Chief Executive at Remington Arms
Robert L. Nardelli has been selected as the new CEO of Remington Arms Company. Remington is part of the Freedom Group, Inc., which is owned by Cerberus Capital Management, a private holding company. Prior to taking over the reigns at Remington, Nardelli has served with Cerberus as a leading executive.

Nardelli’s Chrysler Years
Mr. Nardelli joined Cerberus in the spring of 2007, and, shortly thereafter, was named Chairman and CEO of Chrysler Motors Company, LLC. He was noted for aggressive cost-cutting at Chrysler and for improving build quality which reduced warranty claims. Nonetheless, Chrysler filled for Chapter 11 bankruptcy in 2009, and Nardelli was replaced as Chrysler CEO by Italian Sergio Marchionne who has guided the Detroit automaker from bankruptcy to profitability.

Nardelli Aggressively Cut Costs and Streamlined Operations at Home Depot
Before his stint at Chrysler, Nardelli served as Home Depot’s Chairman and CEO. Prior to that, Nardelli was CEO of General Electric Power Systems. Nardelli’s tenure as head of Home Depot was controversial. Using the Six Sigma management strategy he learned at GE, Nardelli dramatically overhauled Home Depot. He streamlined operations, most notably implementing a computerized automated inventory system. Many of those moves were effective (revenues rose from $46 to $81.5 billion in six years) but Nardelli’s autocratic management style turned off employees and the public. Nardelli was notably criticized for cutting back on knowledgeable full-time employees with experience in the trades and replacing them with part-time help with little relevant experience. This move reduced costs, but hurt customer service. Home Depot’s stock price stagnated, and the company lost market share to Lowe’s. Nardelli left Home Depot with a massive $210,000,000 severance package — a “golden parachute” that drew criticism from Home Depot shareholders (and members of Congress).

Nardelli Remington CEO logoChanges Ahead for Remington?
Will Nardelli shake up Remington the way he did Home Depot, streamlining operations and laying off senior employees? Will we see further consolidation of manufacturing among Freedom Group brands? Only time will tell. Nardelli’s policies will be formulated, to be sure, to match the larger objectives of Cerberus. But Nardelli has a reputation as a tough cost-cutter, so changes may be in store for Remington Arms Company, the oldest continuously-operating manufacturer in North America.

About Freedom Group, Inc.
Freedom Group is one of the world’s largest manufacturers of firearms and ammunition. The Freedom Group embraces multiple brands including Remington, Marlin, Harrington & Richardson, New England Firearms, L.C. Smith, Parker, Bushmaster, DPMS/Panther Arms, EOTAC, and INTC.

Permalink Gunsmithing, News 19 Comments »
August 16th, 2010

Chrysler Offers Ram Pickup with Built-in Gun Compartment

Chrysler is offering a lockable gun storage compartment on its new series of Outdoorsman pickup trucks. These trucks can be configured with twin, lighted, lockable and watertight “RamBox” compartments — one on each side of the truck bed. The dual RamBox option costs $1895, and for $205 more Chrysler adds internal, vertical cradles that hold two rifles or shotguns. These cradles can be rotated 90 degrees to hold up to six fishing rods.

Outdoorsman Ram Truck Rambox

We think Chrysler’s built-in gun storage is a very cool feature — for the man who has everything. It will certainly create envious looks when you roll up to the shooting range in your new truck. From a practical standpoint however, it might be better to forgo the gun cradles in favor of open storage in both side-boxes. You could then use both lockable side compartment for any purpose. When you need to haul firearms, simply put cased guns inside one or both side compartments.

For more information on Chrysler’s Outdoorsman pickups, which start at $28,350, visit the Chrysler Truck Blog. Ram Outdoorsman trucks go on sale 3rd quarter 2010 (just in time for hunting season).

Outdoorsman Ram Truck Rambox

Permalink New Product, News 6 Comments »