Vista Outdoor (United States) - Vista Outdoor Inc. (NYSE: VSTO), the parent company of 40 renowned brands that design, manufacture and market sporting and outdoor products to consumers around the globe, is pleased to announce the addition of two independent members, Gerard Gibbons and Bruce Grooms, to its Board of Directors. Mr. Gibbons and Mr. Grooms were both elected to the Board of Directors by Vista Outdoor's shareholders at the Company's Annual Meeting of Stockholders on July 26, 2022.
Mr. Gibbons' extensive experience in global supply chain, logistics and marketing will bring tremendous value to Vista Outdoor. Mr. Gibbons previously spent more than 30 years with United Parcel Services (UPS) in a variety of commercial roles. In 2008, he accepted the assignment as President of U.S. Sales, responsible for UPS's most profitable small and medium business customer segment. He was later assigned the role of President of U.S. and SMB Marketing, a position he held until his retirement from UPS in 2021. He holds an MBA from the W.P. Carey School of Business at Arizona State University and a BBA with a concentration in Marketing from Howard University. Mr. Gibbons currently serves on the boards of two private equity portfolio companies and the board of Big Brothers/Big Sisters of Metro Atlanta. Mr. Gibbons will serve as a member of the Audit Committee and the Nominating and Governance Committee of the Board.
Mr. Grooms brings extensive senior-level executive experience in both the private sector and the U.S. Navy. A retired Navy Vice Admiral with more than 30 years of successful executive leadership, Mr. Grooms is currently the Vice President and General Manager of the Marine Services Division for Delphinus Engineering, a privately held company that specializes in ship repair and maintenance. Prior to Delphinus Engineering, he was a Vice President at Raytheon Technologies Corp., heading up all business development activities in support of the Navy and Marine Corps Programs. Until 2015, Mr. Grooms served as a career submarine officer and served as the Commandant of the U.S. Naval Academy, nearly 10 years of which Mr. Grooms spent serving in various roles of increasing responsibility within NATO command. Additionally, Mr. Grooms has served on nonprofit boards and is currently serving as an independent director on the board of Emcore Corp., a publicly traded technology company in the aerospace and defense industry. Mr. Grooms has been selected as a director due to his extensive leadership, corporate governance, and industry experience. Mr. Grooms will serve as a member of Management Development and Compensation and Audit Committees of the Board.
"The directors and I are pleased to welcome these two highly talented leaders as new members of the Vista Outdoor Board," said Michael Callahan, Vista Outdoor's Chairman of the Board. "These individuals will add tremendous value to the organization with their expertise across the public and private sector. We expect great things from our newest directors and look forward to their contributions on behalf of Vista Outdoor and our stakeholders."
Chris Metz, Vista Outdoor CEO, added, "We welcome Gerard Gibbons and Bruce Grooms to the Vista Outdoor Board of Directors, and we are confident they will make an immediate and positive impact on the company's performance. Gerard's background and expertise in supply chain, notably his dynamic 30-plus-year career at UPS, make him a valuable asset as Vista Outdoor navigates an increasingly complex global marketplace. And Bruce's vast experience in the public and private sectors, including several critical leadership roles for the U.S. Navy and large corporations, will serve to strengthen our corporate leadership and governance efforts."
With these appointments, Vista Outdoor's Board of Directors consists of 11 members, including 18 percent female and 18 percent diversity beyond gender.