Vista Outdoor Chief Financial Officer Stephen Nolan will take on a new role at Esterline when he steps down from the company next month.
Nolan resigned from Vista last month — following CEO Mark DeYoung’s departure in July — to “pursue other opportunities.” Esterline, a Washington-based global supplier for defense and aerospace companies, announced Wednesday Nolan would serve as its CFO beginning Feb. 5.
“We are … excited to welcome Stephen, who has extensive experience within the aerospace and defense sector, an impressive track record of strategic execution, and a history of success serving in senior financial and business management roles in global manufacturing environments,” said Esterline Chief Executive Officer Curtis Reusser. “I know his expertise in financial and strategic planning, and his results-oriented business leadership will offer valuable perspective to help Esterline achieve its objectives.”
Nolan and DeYoung were pivotal in Vista Outdoor’s spin-off from its parent company Alliant Techsystems in 2015.
Vista now owns more than three dozen companies in firearms, ammunition and shooting accessories, including Savage Arms, Stevens, Federal Premium, Speer and American Eagle. It also holds brands in the outdoor lifestyle market.
The company anticipates its 2018 sales will not exceed $2.26 billion — a 2 percent reduction over first quarter guidance.
Nolan’s severance package includes a lump sum payment of his annual salary of $515,000, a pro-rata portion of his annual bonus, stock options and an additional payout of $15,000 for healthcare costs.