Miguel “Mick” Lopez will serve as the gun and ammo maker’s new chief financial officer effective April 16, Vista said Thursday. Lopez replaces former CFO Stephen Nolan, who left the company in February after serving as a pivotal member of Vista’s transition away from parent company Alliant Techsystems in 2015.
Lopez, a 30-year veteran in finance, operations and strategy, comes to Vista after a year managing financials for Veritas Technologies, an international data management company. His resume includes stints at Harris Corporation, Cisco Systems, Tyco International, IBM and KPMG.
“I am thrilled to join Vista Outdoor,” he said. “This is a pivotal time for the company, and Chris (Metz) has a clear vision and has commenced valuable initiatives to strengthen Vista Outdoor’s iconic brands and businesses. I am excited to be a part of these efforts and look forward to supporting the strategy.”
Vista 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 welcomed its new Chief Executive Officer Christopher Metz in October. He wasted no time shaking things up in an attempt to stabilize the company amid double digit losses in the first and second quarters — including ousting Shooting Sports Segment President Bob Keller, upping ammo prices and divesting three brands from Vista’s sports protection business: Bollé, Serengeti and Cébé.
The company further slashed costs in its third quarter through inventory and workforce reductions “to better align product with demand” — a familiar narrative heard across the gun industry as manufacturers re-calibrate under the “new normal” in a post-Obama sales climate.
Metz said Thursday he believes Lopez will “undoubtedly make a significant impact.”
“Mick’s experience and capabilities will benefit Vista Outdoor as we transform the business,” he said. “His leadership is essential to help ensure we improve profitability and continue to strengthen our cash position, preparing for future success and long-term shareholder returns.”