Wabash (NYSE: WNC), the innovation leader of connected
solutions for the transportation, logistics and distribution
industries, today announced a series of strategic executive
leadership changes designed to position the company for continued
success. These changes will take effect on September 1, 2024.
Mike Pettit will transition from his current role
as Senior Vice President, Chief Financial Officer to the newly
created position of Senior Vice President, Chief Growth Officer. In
this new capacity, he will focus on driving growth initiatives,
expanding market reach, and enhancing the company’s Parts and
Services business through the merging of physical and digital
technologies. His extensive experience in finance and operations
will be instrumental in accelerating the company’s growth.
Patrick Keslin is promoted to Senior Vice
President, Chief Financial Officer from his previous role as Vice
President, Finance. With 23 years of financial experience and a
proven track record in roles of increasing responsibility during
his seven years at Wabash, Keslin brings a deep understanding of
the company’s financial operations. He will be responsible for
overseeing Wabash’s financial strategy, reporting and performance.
Keslin’s extensive experience and strategic insight will ensure a
seamless transition and continued fiscal responsibility as the
company continues to expand across products, services and customer
bases.
Donald Winston is promoted to Senior Vice
President, Global Operations from his previous position as Vice
President, Global Operations. Winston has demonstrated exceptional
leadership and operational acumen. In this expanded role overseeing
global procurement in addition to leading manufacturing and supply
chain operations, he will continue to drive operational
efficiencies and excellence across the company with a focus on
safety, productivity and quality across all North American
manufacturing sites.
Drew Schwartzhoff is promoted to Senior Vice
President, Strategic Marketing from his previous position as Vice
President, Marketing. Schwartzhoff’s role will expand to include
product management in addition to his existing responsibilities
leading marketing and communications. His vision will drive the
integration of marketing and product strategies to enhance customer
experience and market penetration.
“These leadership changes reflect our commitment to
developing top talent and aligning our organization to drive future
growth,” said President and CEO Brent Yeagy. “Mike, Pat, Donald,
and Drew have consistently demonstrated their ability to deliver
results, and each of them brings unique strengths and experiences
that will help us continue to deliver value to our customers. I am
confident in their ability to further strengthen Wabash’s position
as a visionary leader in the transportation, logistics and
distribution industry.”
Additionally, Dustin Smith will step down from his
role as Senior Vice President, Chief Operating Officer. He will
transition to a senior advisory role to ensure a smooth transition
until December 1, 2024. This planned transition allows Smith to
assist with ongoing projects and support the leadership team during
this period.
Yeagy commented, “Dustin has been an invaluable
part of our organization for 17 years, contributing greatly to
Wabash’s growth and transformation. His unwavering commitment,
strategic vision and dedication have made a lasting impact, and his
leadership has been instrumental in driving excellence across the
entire organization. Dustin’s collaborative spirit and genuine care
for the people at Wabash have made him not just a respected leader,
but a truly valued member of our team. We wish him all the best as
he embarks on this next chapter.”
For more information about Wabash’s executive
leaders, please visit onewabash.com.
Wabash: Changing How the World Reaches
YouWabash (NYSE: WNC) is the visionary leader of connected
solutions for the transportation, logistics and distribution
industries that is Changing How the World Reaches You®.
Headquartered in Lafayette, Indiana, the company enables customers
to thrive by providing insight into tomorrow and delivering
pragmatic solutions today to move everything from first to final
mile. Wabash designs, manufactures, and services a diverse range of
products, including: dry freight and refrigerated trailers, flatbed
trailers, tank trailers, dry and refrigerated truck bodies,
structural composite panels and products, trailer aerodynamic
solutions, and specialty food grade processing equipment. Learn
more at www.onewabash.com.
Safe Harbor StatementThis press
release contains certain forward-looking statements as defined by
the Private Securities Litigation Reform Act of 1995.
Forward-looking statements convey the Company’s current
expectations or forecasts of future events. All statements
contained in this press release other than statements of historical
fact are forward-looking statements. These forward-looking
statements include, among other things, all statements regarding
the Company’s outlook for trailer and truck body shipments,
backlog, expectations regarding demand levels for trailers, truck
bodies, non-trailer equipment and our other diversified product
offerings, pricing, profitability and earnings, cash flow and
liquidity, opportunity to capture higher margin sales, new product
innovations, our growth and diversification strategies, our
expectations for improved financial performance during the course
of the year and our expectations with regards to capital
allocation. These and the Company’s other forward-looking
statements are subject to certain risks and uncertainties that
could cause actual results to differ materially from those implied
by the forward-looking statements. Without limitation, these risks
and uncertainties include the highly cyclical nature of our
business, uncertain economic conditions including the possibility
that customer demand may not meet our expectations, our backlog may
not reflect future sales of our products, increased competition,
reliance on certain customers and corporate partnerships, risks of
customer pick-up delays, shortages and costs of raw materials
including the impact of tariffs or other international trade
developments, risks in implementing and sustaining improvements in
the Company’s manufacturing operations and cost containment,
dependence on industry trends and timing, supplier constraints,
labor costs and availability, customer acceptance of and reactions
to pricing changes, costs of indebtedness, and our ability to
execute on our long-term strategic plan. Readers should review and
consider the various disclosures made by the Company in this press
release and in the Company’s reports to its stockholders and
periodic reports on Forms 10-K and 10-Q.
Media Contact: Dana
StelselDirector, Communications(765)
771-5766dana.stelsel@onewabash.com
Investor Relations: Ryan
ReedSenior Director, Corporate Development & Investor
Relations(765) 490-5664ryan.reed@onewabash.com
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