Liberty Safe Names New Top Executive Team

Jan. 4, 2013

Liberty Safe and Security Products, Inc. announces that Kim Waddoups has been promoted to Chief Executive Officer (CEO), effective immediately. He succeeds Jeff Talley, who has stepped down from his role with the company to take a sabbatical as planned.

Waddoups joined Liberty in 2003 as Chief Financial Officer (CFO) and was promoted in 2012 to president. From 1989 to 2003, Mr. Waddoups held various senior-level positions at Easton Technical Products, a sports equipment manufacturer and division of Jas D. Easton, Inc.

"We are proud to promote Kim as our new CEO," said Alan Offenberg, CEO of Compass Diversified Holdings and Chairman of Liberty. "Since joining our Company approximately 10 years ago, Kim has played a key role increasing sales and profitability while strengthening Liberty's brand recognition. His deep knowledge of our Company and successful track record provide an ideal fit and will help to ensure a seamless transition. We are confident Kim's extensive experience and proven dedication, combined with his strategic vision, will lead Liberty to continued success."

Offenberg added, "Jeff has served approximately 17 years at Liberty, including 11 years as CEO. During this time, Liberty has evolved into a market leader for premium home and gun safes, achieving significant financial growth and establishing a solid foundation for the future. We thank Jeff for his tireless efforts and valuable contributions, and support his desire to take a well-earned sabbatical."

"I am excited to assume the leadership role at Liberty," said Mr. Waddoups. "The Company has built a premier reputation for providing customers with high-quality safes that are manufactured in the U.S. and is well positioned for further growth. With the investments we have made in strengthening our operational platform and expanding our product offerings, we expect to maintain Liberty's positive momentum in the market. I look forward to working closely with our talented staff and driving future performance."

In addition to his new responsibilities as CEO, Waddoups will join the company's Board of Directors along with Steve Allred, Senior Vice President and Chief Operations Officer at Liberty.

The company also announced it has promoted Greg Clements to CFO. Clements joined Liberty in 2001 and previously served as the Company's Controller. In his new capacity, he will be responsible for managing Liberty's operational and financial reporting initiatives, developing and maintaining budgets, and more. He will report to Waddoups.

"Greg's appointment to CFO is well deserved based on his numerous accomplishments in the past 12 years and demonstrates our ongoing commitment to promote internally," said Offenberg. "Our dedicated and experienced team of professionals serves as a core differentiator and we look forward to benefitting from Greg's expanded focus over the long term."

Based in Payson, Utah and founded in 1988, Liberty is a premier designer, manufacturer and marketer of home and gun safes in North America. Products are marketed under the Liberty brand, as well as a portfolio of licensed and private label brands, including Remington, Cabela's and John Deere.  For more information, visit http://www.libertysafe.com.

SOURCE Liberty Safe and Security Products, Inc.

Copyright 2013 PR Newswire Association LLCAll Rights Reserved