AMMO, Inc. Welcomes New Chief Financial Officer
AMMO, Inc. (NASDAQ: POWW, POWWP) is excited to announce that Paul Kasowski has been appointed as the Chief Financial Officer. Previously serving as the Chief Compliance and Transformation Officer, Kasowski brings a wealth of experience and a new viewpoint that will be invaluable in this essential position.
Changes in Leadership
AMMO's Board of Directors identified the need for strong financial leadership, resulting in this appointment after the resignation of Rob Wiley. The company stands to gain significantly from Kasowski's past roles and transformative contributions within the organization.
Paul Kasowski’s Career Path
Since taking on the role of Chief Compliance and Transformation Officer, Paul Kasowski has showcased his management skills. His leadership background includes a notable period at Kinder’s Seasonings & Sauces, where he worked on improving financial reporting standards and fostering a culture aimed at success.
Expertise in Financial Management
Before his time at Kinder’s, Kasowski served as the CFO at Arizona Natural Resources, where he managed a diverse range of financial operations including finance, accounting, IT, and HR. His earlier roles consistently highlight his ability to drive growth and enhance financial stability across organizations.
CEO's Strategic Vision
Jared Smith, AMMO's Chief Executive Officer, has expressed his commitment to building long-term value for the company. He believes that Paul Kasowski's appointment fits seamlessly with AMMO's strategic goals and will significantly support forthcoming initiatives that aim to refine internal processes and improve margins.
Leadership Focused on Long-Term Value
Smith underlined that establishing a foundation for long-term success has been his main focus since he became CEO in mid-2023. The addition of Kasowski is expected to have a positive effect on AMMO's operations and strategic direction, paving the way for sustainable growth.
Launch of Independent Investigation
To strengthen corporate governance, AMMO has initiated an independent inquiry into its financial reporting practices for the fiscal years spanning 2020 to 2023. This investigation is being conducted by a law firm selected by the Board of Directors, emphasizing the company's commitment to transparency and accountability.
Emphasis on Internal Controls
The investigation is in its early stages, concentrating on enhancing internal controls and compliance measures within the organization. AMMO has chosen not to comment on the investigation until it has concluded to ensure a thorough process that prioritizes stakeholder interests.
About AMMO, Inc.
Headquartered in Scottsdale, AMMO, Inc. is more than just a high-performance ammunition manufacturer; it also owns GunBroker.com, the largest online marketplace for firearms and related products. Founded in 2016, AMMO is dedicated to innovation within the munitions industry, offering patented products designed for law enforcement, military, and commercial use.
Dedication to Quality
With a goal to transform the ammunition industry, AMMO not only produces traditional ammunition but also focuses on cutting-edge technologies like the STREAK™ visual ammunition. The company is committed to encouraging responsible gun ownership and improving 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?
To enhance transparency, the investigation was initiated to improve the company's internal controls related to financial practices spanning 2020 to 2023.
What is AMMO, Inc. known for?
AMMO, Inc. is recognized for producing high-performance ammunition and owning GunBroker.com, which is the largest online marketplace for firearms and other related products.
How does AMMO promote responsible gun ownership?
AMMO promotes safety and responsible practices in its operations and product offerings, building a culture of compliance and accountability.
Where is AMMO, Inc. headquartered?
AMMO, Inc. is based in Scottsdale, Arizona.
