Sally McCoy is leaving as chief executive of Camelbak Products after nine years in the role and five months after its sale by Compass Diversified to Vista Outdoor. A well-known personality in the outdoor industry, McCoy grew Camelbak from $122.2 million in 2010 to $160 million before the latest change of ownership. It was valued at $257.5 million when Compass acquired it in 2011, and at $412.5 million four years later.
Her functions will be basically taken over by Layne Rigney, a 10-year veteran of the company, who has been named president of Camelbak, reporting to Mark DeYoung, chairman and CEO of Vista Outdoor. Rigney has been serving as senior vice president of global sales for Camelbak since 2012. He has spent 25 years in the industry, working with companies as such Powerbar, RockShox and REI.
In other promotions that will become effective on Feb. 1, the company will have three new vice presidents. Shannon Stears is made vice president of marketing, Andrew Shand is promoted to vice president of sales for Europe, Asia and Africa, and Michael Moore to vice president of sales for North and South America. They have all been working for the company for many years. Shand, who is based in the U.K., has acted as European sales director for the past six years, concentrating on the military and recreation businesses.