AMMO, Inc. announced Jared Smith as the Company?s new Chief Executive Officer effective July 24, 2023. Fred Wagenhals, AMMO?s current CEO and Chairman will remain Executive Chairman of AMMO and GunBroker.com and will be a strategic advisor to the Company and Jared to assist in the transition. Jared has been AMMO?s President and Chief Operating Officer since January 2023.

Jared has spent 17 years working in the firearm and ammunition sector, where he most recently spent more than five years as the General Manager with Fiocchi of America, a global manufacturer of premium ammunition for competition, hunting, and defense applications. During his tenure at Fiocchi, he held multiple positions, including Director of Procurement and Supply Chain, and subsequently, Vice President of International Strategy and Development. As Fiocchi?s GM, Jared maintained full P&L ownership and managed separate manufacturing operations, while overseeing three acquisitions and led Fiocchi?s revenue growth in three short years from $95 million to more than $200 million.