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Smith & Wesson parent replaces CEO

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American Outdoor Brands Corp., the parent company of gun maker Smith & Wesson, announced the replacement of James Debney as CEO.

Company executives Mark Smith and Brian Murphy were named co-CEOs.

Company officials said Debney engaged in "nonfinancial" behavior that violated company rules. They did not detail what behavior led to his exit.

Read more from The Wall Street Journal.

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