Leupold Names New CEO

LeupoldPortland, OR—The board of directors of Leupold & Stevens, Inc. is pleased to announce the appointment of Calvin Johnston as president and CEO effective July 19, 2010.

Johnston joins Leupold & Stevens from successful roles as president of Galls Division Aramark Corp., and group president/CEO of Russell Athletics. During his career he has developed a track record of leading teams to significant growth in sales and profitability.

Johnston earned his Bachelor of Arts degree from the University of Florida and his master’s degree in marketing and business strategy from Northwestern University.

Johnston succeeds Tom Fruechtel, who will retire from the company at the end of 2010. During Fruechtel’s 12 years as CEO of Leupold & Stevens, he put in place an outstanding executive team that successfully introduced numerous new products and significantly grew the sales and profits of the company. Leupold’s board of directors is confident that this same team, working under the leadership of Calvin Johnston, will take the company to new levels of growth and profitability.

Leupold & Stevens, Inc., the most prominent American-owned and -operated optics company, employs more than 600 people in its state-of-the-art facility near Beaverton, Ore., where rugged, dependable, high-performance Mark 4 and Golden Ring® sports optics are designed, machined and assembled. Leupold is a fifth-generation, family-owned company whose products are sold worldwide to law enforcement officers, special operations military personnel, hunters, wildlife observers and competitive shooters. The product line includes rifle, handgun and spotting scopes; binoculars; rangefinders; flashlights; mounting systems; and optical tools and accessories.

Contact:
Patrick Mundy (503) 526-1467 or pmundy@leupold.com

Leupold Drops Suit Against Zeiss

Portland, Oregon – Leupold & Stevens, Inc. has dropped its lawsuit against Carl Zeiss Optical, Inc. for patent infringement. The lawsuit alleges that Zeiss and two other defendants infringe on a patent that Leupold & Stevens holds involving True Ballistic Range® (TBR®) technology.

While Zeiss products do allow users to input ballistic groups and display holdover values at specific yardages, it has been determined that they do not incorporate an inclinometer to compensate for uphill/downhill shot angles. Therefore, they do not infringe on US Patent Number 7,654,029 owned by Leupold & Stevens, Inc.

Leupold & Stevens is a fifth-generation, family-owned company that employs over 600 American workers in its state-of-the-art facility near Beaverton, Ore. Leupold has manufactured a variety of optical and surveying instruments since opening for business in 1907, and its modern campus is currently where sport optics are designed, machined and assembled. Leupold manufactures a wide range of optics for the hunting and shooting, military and law enforcement, golf and observation markets.