Rush Enterprises, Inc. Appoints Dr. Kennon Guglielmo and William H. Cary to Its Board of Directors
January 07 2015 - 4:14PM
Rush Enterprises, Inc. (Nasdaq:RUSHA) (Nasdaq:RUSHB), which
operates the largest network of commercial vehicle dealerships in
North America, today announced that it has appointed Dr. Kennon
Guglielmo and William "Bill" Cary to serve on its Board of
Directors.
Dr. Guglielmo has served as Chief Technology Officer and a
member of the board of directors of Enovation Controls, Inc., a
leading global provider of sophisticated digital control systems
for gaseous fuel engines and engine-driven equipment, since its
inception in June 2014. In 1994, Dr. Guglielmo formed EControls
Group, Inc., an affiliate of Enovation Controls, Inc., and began
developing engine management systems for the industrial, marine,
and heavy-duty engine markets. He has been the President and a
member of the board of directors of EControls Group, Inc. since its
formation. Dr. Guglielmo holds a B.S. in Mechanical Engineering
from Texas A&M University, and an M.S. and Ph.D. in Mechanical
Engineering from Georgia Institute of Technology.
Mr. Cary served as the President and Chief Operating Officer of
GE Capital, the financial services unit of the General Electric
Company (NYSE:GE) from November 2008 until December 2014 and as a
Senior Vice President of General Electric from November 2006 until
December 2014. He served as the President of GE Money (Global), a
subsidiary of GE Capital, from February 2008 until his promotion to
President and Chief Operating Officer of GE Capital in November
2008. Mr. Cary joined General Electric in 1986 as a member of the
Financial Management Program and served in a variety of financial
positions around the world until his election as Senior Vice
President of General Electric in November 2006. He also served as a
member of General Electric's Corporate Executive Council and was a
member of the GE Capital board of directors. Mr. Cary holds a B.S.
in Finance from San Jose State University and is a graduate of
General Electric's Financial Management Program.
"We welcome Kennon and Bill to our Board," said W.M. "Rusty"
Rush, Chairman, CEO and President of Rush Enterprises, Inc.
"Kennon's technical expertise with respect to engine control
systems and his entrepreneurial and business acumen will be
invaluable to the Company as we evaluate strategic opportunities to
expand our portfolio of customer solutions in the future." Rush
further stated that "Bill's distinguished career as a senior
executive of General Electric and as the President and Chief
Operating Officer of GE Capital will be highly beneficial to the
Company going forward." Rush added that "both Kennon and Bill will
be tremendous assets to the Company and we are fortunate to have
them. I am confident that their demonstrated leadership abilities
will aid the Company in its continuing efforts to 'integrate and
execute' across the network in areas of asset management, process
standardization and customer service consistency, while expanding
our portfolio of solutions to help drive efficiencies for our
customers."
About Rush Enterprises, Inc.
Rush Enterprises, Inc. is the premier solutions provider to the
commercial vehicle industry and owns and operates the largest
network of commercial vehicle dealerships in the United States,
representing truck and bus manufacturers, including Peterbilt,
International, Hino, Isuzu, Ford, IC Bus and Blue Bird. The
Company's vehicle centers are strategically located in high traffic
areas on or near major highways throughout the United States. These
one-stop centers offer an integrated approach to meeting customer
needs — from sales of new and used vehicles to aftermarket parts,
service and body shop operations plus a wide array of financial
services, including financing, insurance, leasing and rental. Rush
Enterprises' operations also provide vehicle up-fitting, chrome
accessories and tires. For more information, please visit
www.rushenterprises.com.
CONTACT: Rush Enterprises, Inc., San Antonio
Steven L. Keller, 830-626-5226
kellers@rushenterprises.com
Karen S. Konecny, 830-626-5102
konecnyk@rushenterprises.com
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