Mogadore, OH. Industry leader TenPoint Crossbows is excited to formally announce the promotion of Phil Bednar to President and CEO of the company (Hunter’s Manufacturing Co. Inc. dba TenPoint Crossbows) and Steve Bednar to Executive Vice President and COO. Phil joined the company in 2008 and most recently held the position of Executive Vice President of Sales, Marketing, and Product Development, while Steve joined the company in 2013. Steve’s most recent role was that of Executive Vice President of Operations.
In 1994, Rick Bednar and his father, Bill Bednar – an Archery Hall of Fame recipient – founded TenPoint Crossbows. Since the company’s inception, and even to this day, it has remained family-owned and operated. Now, over a quarter of a century later, Rick’s sons, Phil and Steve, mark the third generation to lead the company that builds the highest quality, most accurate, and safest crossbows on the market.
“This is another exciting moment in our company’s remarkable 28-year history. I’m excited to see these two fine young men advance to the next chapter in their careers,” said Rick Bednar, Executive Chairman of TenPoint Crossbows. “Phil and Steve are brothers, best friends, and business partners. With their passion for business, our customers, employees, and brand will greatly benefit from these promotions.”
After graduating with an MBA from the University of Akron, Phil Bednar joined TenPoint as a Marketing assistant. Since then, he has held multiple positions in marketing and sales. Most recently, Phil was Executive Vice President of Sales, Marketing, and Product Development. He is the conceptual leader in bringing new products to market.
“Phil is an incredible thinker and strategist. He knows the numbers, the market, and the customers better than anyone,” added Rick.
During his tenure, Phil has been responsible for the growth and success of the crossbow market, perhaps most noticeably in the launch and development of the company’s Wicked Ridge brand in 2010. Built from the ground up under his direction, the Wicked Ridge brand has grown into an independently successful crossbow brand with crossbows featuring unmatched technology at its price.
“I am honored, excited, and humbled for the opportunity to guide TenPoint into the future,” said Phil Bednar, CEO. “From day one, my dad established the guiding principles for this company – family-owned, Made in America, and hunter-focused. With an incredible management team and excellent employees, Steve and I will continue these principles while moving TenPoint forward for years to come.”
Steve Bednar joined the company after graduating from Ashland University in 2013 with a degree in Supply Chain Management. Like Phil, he has filled many roles on the operations side of the business, most recently as the Executive Vice President of Operations, overseeing the entire production process. Rick said, “Steve is remarkable in his thought processes for operational efficiencies, process flow, manufacturing, and logistics.”
A Certified Six Sigma Black Belt, Steve focuses on integrating technology into the production and assembly process to increase the production of crossbows and reduce the number of errors during the process. As a result, the company has expanded its production of crossbows per person by an astounding 20%.
“I could not be more excited to lead TenPoint into the next chapter,” said Steve Bednar, COO. “Phil and I are dedicated to continuing the company’s long-standing legacy of excellence while operating the business with the same values that our dad has during his career.”
Rick will continue to be an integral part of the business, serving as Executive Chairman and focusing his efforts on engineering. Along with his nephew, Director of Engineering Mike Shaffer, Rick will lead the company’s engineering team, whose sole objective is to work with the product development team to bring to life tomorrow’s crossbows.
“I have 40 years of inventions sketched on a notepad that I can finally start bringing to market,” Rick added with a smile.
While years have passed since Rick and his dad founded the company, the special bond between a father and son remains at the heart of the business as Phil and Steve lead TenPoint into their next chapter.
For more information, contact Brian Flaherty, Marketing Manager, at email@example.com