CHARLOTTE, Mich., May 25, 2017 /PRNewswire/ -- Spartan Motors,
Inc. (NASDAQ: SPAR) ("Spartan" or the "Company"), a global leader
in specialty chassis and vehicle design, manufacturing and
assembly, today announced the appointment of Tom Ninneman as President of Fleet Vehicles and
Services (FVS), which includes the Utilimaster® and Spartan Upfit
Services brands, effective June 2.
Ninneman will succeed John Forbes,
who is retiring from the role he has served in since July 2010.
Ninneman most recently served as the Chief Operating Officer of
Smeal Fire Apparatus Co., an industry-leading innovator and
manufacturer of fire apparatus in North
America, which Spartan acquired earlier this year. Prior to
joining Smeal, he served as the President of Taylor Corporation,
and has also served in a variety of operating and managerial roles
at Oshkosh Corporation, a manufacturer of specialty vehicles and
vehicle bodies. He brings over 25 years of business and leadership
experience to the FVS segment, including 10 years anchored in
custom vehicle manufacturing across the emergency response,
construction, and defense markets.
"We are pleased to welcome Tom as the new president of our Fleet
Vehicles and Services business unit," said Daryl Adams, President and Chief Executive
Officer. "We have already begun this transition and are confident
that Tom is the right fit to help drive operational performance to
the next level. He brings extensive industry experience and
expertise in client management and problem solving, which will
benefit our team and our customers for years to come."
John Forbes joined the
Utilimaster Corporation as its Chief Financial Officer in 2009.
Less than one year later, he transitioned into the role of
President, where he has since focused on building the team,
supporting customers, increasing revenues, and improving
profitability. Forbes will continue to work with the Company until
June 2 to support a seamless
transition.
"John and his team have grown Fleet Vehicles and Services sales
from $113 million in 2010 to over
$278 million last year," added Adams.
"After many years of manning the helm, he has graciously assisted
us in transitioning the role to Tom, and we could not be more
grateful for his service to the Company. I want to thank him, on
behalf of everyone at Spartan and our Board of Directors, for his
numerous contributions over the past several years. We wish him all
the best going forward."
About Spartan Motors
Spartan Motors, Inc. is a leading designer, engineer,
manufacturer and marketer of a broad range of specialty vehicles,
specialty chassis, vehicle bodies and parts for the fleet and
delivery, recreational vehicle (RV), emergency response, defense
forces and contract assembly (light/medium duty truck) markets. The
Company's brand names — Spartan Motors, Spartan Specialty Vehicles,
Spartan Emergency Response, Spartan Parts and Accessories; Smeal®
and its family of brands, including Ladder Tower™ and UST®; and
Utilimaster®, a Spartan Motors Company — are known for quality,
durability, performance, customer service and first-to-market
innovation. The Company employs approximately 2,200 associates and
operates facilities in Michigan,
Indiana, Pennsylvania, Missouri, Wisconsin, Nebraska, South
Dakota; Saltillo, Mexico;
and Lima, Peru. Spartan reported
sales of $591 million in 2016. Visit
Spartan Motors at www.spartanmotors.com.
This release contains several forward-looking statements that
are not historical facts, including statements concerning our
business, strategic position, financial projections, financial
strength, future plans, objectives, and the performance of our
products and operations. These statements can be identified
by words such as "believe," "expect," "intend," "potential,"
"future," "may," "will," "should," and similar expressions
regarding future expectations. These forward-looking
statements involve various known and unknown risks, uncertainties,
and assumptions that are difficult to predict with regard to
timing, extent, and likelihood. Therefore, actual performance
and results may materially differ from what may be expressed or
forecasted in such forward-looking statements. Factors that could
contribute to these differences include operational and other
complications that may arise affecting the implementation of our
plans and business objectives; continued pressures caused by
economic conditions and the pace and extent of the economic
recovery; challenges that may arise in connection with the
integration of new businesses or assets we acquire or the
disposition of assets; restructuring of our operations, and/or our
expansion into new geographic markets; issues unique to government
contracting, such as competitive bidding processes, qualification
requirements, and delays or changes in funding; disruptions within
our dealer network; changes in our relationships with major
customers, suppliers, or other business partners, including Isuzu;
changes in the demand or supply of products within our markets or
raw materials needed to manufacture those products; and changes in
laws and regulations affecting our business. Other factors
that could affect outcomes are set forth in our Annual Report on
Form 10-K and other filings we make with the Securities and
Exchange Commission (SEC), which are available at
www.sec.gov or our website. All forward-looking
statements in this release are qualified by this paragraph.
Investors should not place undue reliance on forward-looking
statements as a prediction of actual results. We undertake no
obligation to publicly update or revise any forward-looking
statements in this release, whether as a result of new information,
future events, or otherwise.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/spartan-motors-appoints-tom-ninneman-as-president-fleet-vehicles-and-services-300463699.html
SOURCE Spartan Motors, Inc.