According to multiple credible reports received this morning; Taurus International Manufacturing, the US division of Forjas Taurus, fired multi-year CEO Mark Kresser early this morning. Based on the information received, Mark’s firing was a sudden change for a company that had been attempting to re-invent its image under his leadership in the past several years.
There is no official word yet from Taurus on who will be tapped as Mark’s replacement, however we will bring that information as soon as it’s made available to us via a credible source. To summarize: we’ve received multiple credible reports that Mark Kresser, the President and CEO of Taurus’ US operations has been fired this morning.
Update: The Outdoor Wire has confirmed the reports of Mark’s dismissal and has additional information on the possible backstory, including Taurus’ stock troubles while being acquired by another company. From the Wire:
Yesterday, shock in the executive suite of Florida HQ of Taurus USA as President and CEO Mark Kresser was suddenly dismissed.
After all, since joining the company, Kresser had been given credit inside the industry for making changes to address frequent customer service complaints as well as fundamental changes in the way the company positioned itself- and its products- inside the industry.
But Kresser’s dismissal wasn’t the only surprise as it seems the Porto Alegre, Brazil based company has been sold to fellow Brazilian company CBC, the Companhia Brasileira de Cartuchos- the holding company which owns Magtech, MEN (Germany) and Czechoslovakia- based Sellier & Bellot.
This absolutely confirms the reports of Mark’s dismissal, and sheds possible light on the reason behind it. It could quite likely be nothing more than a simple shake-up in management at the top level.