Stephen D. Newlin Appointed Chairman of the Board of Oshkosh Corporation
February 04 2020 - 5:11PM
Business Wire
Oshkosh Corporation (NYSE: OSK), a leading innovator of
mission-critical vehicles and equipment, today announced that Mr.
Stephen D. Newlin, an Oshkosh director since 2013, has been
appointed as independent Chairman of the Board of Oshkosh. Mr.
Newlin’s appointment was effective at the Company’s annual meeting
of shareholders held today, and he succeeds Craig P. Omtvedt, who
has served as a member of the Board since 2008 and as Chairman
since 2017. Mr. Omtvedt was also elected by shareholders and will
continue to serve as a member of the Oshkosh Board.
“We are pleased that Steve is stepping into the role as
Oshkosh’s next Chairman, reflecting the depth of talent on
Oshkosh’s Board as well as our commitment to ongoing succession
planning,” said Leslie F. Kenne, retiring Oshkosh Board member and
Chair of the Governance Committee. “On behalf of the Board, we
thank Craig for his service to Oshkosh as Chairman, his dedication
to the Company as a continuing member of the Board and his
commitment to supporting a smooth transition of responsibilities to
Steve.”
“I look forward to continuing to work with Steve in his new role
and believe his industry experience and knowledge of Oshkosh will
be instrumental as he leads our Board and supports our team in
continuing to position Oshkosh for long-term value creation,” said
Wilson R. Jones, Oshkosh Corporation President and Chief Executive
Officer. “Under Craig’s leadership as our Chairman, we have
successfully navigated challenging market conditions and delivered
strong operational and financial results. I appreciate his
perspectives and look forward to benefitting from his continued
support as a director on our Board.”
Mr. Newlin currently serves as Non-Executive Chairman of the
Board of Univar Solutions, a global distributor of chemicals and
services, and previously served as its Executive Chairman, as well
as Executive Chairman and Chief Executive Officer. Mr. Newlin will
serve as Non-Executive Chairman of the Univar Board until May 2020,
the time of their annual shareholders meeting.
Previously, Mr. Newlin served as Chairman, President and Chief
Executive Officer of PolyOne Corporation, a leading global
formulator of highly specialized polymer materials, services and
solutions, from 2006 to 2014, and Executive Chair of the Board from
2014 to 2016. Mr. Newlin was President, Industrial Sector of
Ecolab, Inc. from 2003 to 2006. He previously spent 24 years at
Nalco Chemical Company, in positions of increasing responsibility
and served as President, Chief Operating Officer and Vice Chairman
from 2000 to 2001.
About Oshkosh Corporation
At Oshkosh (NYSE: OSK), we make innovative, mission-critical
equipment to help everyday heroes advance communities around the
world. Headquartered in Wisconsin, Oshkosh Corporation employs more
than 15,000 team members worldwide, all united behind a common
cause: to make a difference in people’s lives. Oshkosh products can
be found in more than 150 countries under the brands of JLG®,
Pierce®, Oshkosh® Defense, McNeilus®, IMT®, Frontline™, Jerr-Dan®,
Oshkosh® Airport Products, CON-E-CO® and London™. For more
information, visit oshkoshcorp.com.
®, ™ All brand names referred to in this news release are
trademarks of Oshkosh Corporation or its subsidiary companies.
Forward Looking Statements
This news release contains statements that the Company believes
to be “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995. All statements
other than statements of historical fact, including, without
limitation, statements regarding the Company’s future financial
position, business strategy, targets, projected sales, costs,
earnings, capital expenditures, debt levels and cash flows, and
plans and objectives of management for future operations, are
forward-looking statements. When used in this news release, words
such as “may,” “will,” “expect,” “intend,” “estimate,”
“anticipate,” “believe,” “should,” “project” or “plan” or the
negative thereof or variations thereon or similar terminology are
generally intended to identify forward-looking statements. These
forward-looking statements are not guarantees of future performance
and are subject to risks, uncertainties, assumptions and other
factors, some of which are beyond the Company’s control, which
could cause actual results to differ materially from those
expressed or implied by such forward-looking statements.
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