AMMO, Inc. Welcomes New CFO Amid Investigative Changes
AMMO, Inc. Appoints New Chief Financial Officer
AMMO, Inc. (NASDAQ: POWW, POWWP) is thrilled to announce the appointment of Paul Kasowski as its new Chief Financial Officer. Having previously served as the Chief Compliance and Transformation Officer, Kasowski's extensive experience will bring a fresh perspective and robust expertise to this crucial role.
A Leadership Change
The Board of Directors at AMMO recognized the need for strong financial leadership, prompting this appointment following the resignation of Rob Wiley. The company is poised to benefit greatly from Kasowski's previous roles and transformative initiatives within the organization.
Kasowski’s Professional Journey
Since stepping into the role of Chief Compliance and Transformation Officer, Paul Kasowski demonstrated his managerial prowess. His leadership experience includes a significant tenure at Kinder’s Seasonings & Sauces, where he focused on enhancing financial reporting standards and instilling a culture of success.
Experience in Financial Management
Prior to his time at Kinder’s, Kasowski held the role of CFO at Arizona Natural Resources, demonstrating his ability to oversee a wide variety of financial operations including finance, accounting, IT, and HR. His historical roles have repeatedly showcased his capability to drive growth and improve financial health within organizations.
Strategic Vision of the CEO
Jared Smith, the Chief Executive Officer of AMMO, emphasized his commitment to fostering long-term value within the company. He asserted that Paul Kasowski's appointment aligns perfectly with AMMO's strategic objectives and will greatly support upcoming initiatives aimed at refining internal processes and margins.
Leadership for Long-Term Value
Smith highlighted that the foundation for long-term success is his primary focus since taking over as CEO in mid-2023. The appointment of Kasowski is expected to positively impact AMMO's operations and strategic direction, further paving the way for sustainable growth.
Independent Investigation Initiated
In a bid to enhance corporate governance, AMMO has initiated an independent investigation into its financial reporting practices for the fiscal years 2020 to 2023. This inquiry is being conducted by a law firm retained by the Board of Directors, signaling a commitment to transparency and accountability.
Focus on Internal Controls
The investigation is currently in its early stages, focusing on improving internal controls and compliance measures within the company. AMMO will refrain from commenting on the investigation until its conclusion, prioritizing a thorough process to safeguard stakeholder interests.
About AMMO, Inc.
AMMO, Inc., headquartered in Scottsdale, is not just a producer of high-performance ammunition but also owns GunBroker.com, the largest online marketplace for firearms and related products. Established in 2016, AMMO is dedicated to innovation in the munitions industry with patented products designed to cater to law enforcement, military, and commercial markets.
Commitment to Quality
With a mission to revolutionize the ammunition sector, AMMO not only produces traditional ammunition but also specializes in cutting-edge technology such as the STREAK™ visual ammunition. The company is committed to promoting responsible gun ownership and enhancing safety standards.
Frequently Asked Questions
Who is the new CFO of AMMO, Inc.?
Paul Kasowski has been appointed as the new Chief Financial Officer, bringing significant experience in financial management and corporate transformation.
What prompted the investigation into AMMO's financial reporting?
The investigation was initiated to enhance transparency and improve the company’s internal controls regarding financial practices from 2020 to 2023.
What is AMMO, Inc. known for?
AMMO, Inc. is known for its high-performance ammunition production and ownership of GunBroker.com, the largest online marketplace for firearms and related products.
How does AMMO promote responsible gun ownership?
AMMO emphasizes safety and responsible ownership practices in its operations and product offerings, fostering a culture of compliance and accountability.
Where is AMMO, Inc. headquartered?
AMMO, Inc. is headquartered in Scottsdale, Arizona.
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