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August 23, 2013

Veilleux to lead freshly merged gun makers

Dennis Veilleux

Colt Defense LLC, which acquired Colt Holding Corp. in July in reuniting merger of the two gun makers, has appointed Colt Holding Corp. CEO Dennis Veilleux as its president and CEO.

Veilleux replaces Gerald R. Dinkel, who will remain on Colt Defense’s governing board.

Daniel J. Standen, chairman of Colt Defense’s board, said in a statement that Veilleux, who joined Colt in 2006, has stewarded Colt Holding’s growth in the commercial market.

“We believe this succession positions Colt Defense well to address the different opportunities and challenges faced by the business,” Standen said.

He praised Dinkel, saying he has led Colt’s transformation into a more diversified business and helped to lead the reunification of the two manufacturers.

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