United States

Smith & Wesson CEO James Debney mysteriously ousted

The parent company of gunmaker Smith & Wesson has ousted its CEO because he allegedly broke an unspecified corporate rule. Chief executive James Debney left his post at American Outdoor Brands Corporation after its board of directors found he “engaged in conduct inconsistent with a non-financial company policy,” the company said in a Wednesday news release. The firm did not offer further details about Debney’s alleged misconduct but said he has been replaced by co-CEOs Mark Smith and Brian Murphy. “We appreciate James’ contributions toward the growth and development of our company and its infrastructure,” American Outdoor Brands chairman Barry Monheit said in a statement released after the company’s stock closed up 1.2 ...