Spartan Motors Expands Leadership Team, Names Tom Gorman as Chief Operating Officer
June 24 2009 - 11:43AM
PR Newswire (US)
CHARLOTTE, Mich., June 24 /PRNewswire-FirstCall/ -- Spartan Motors,
Inc. (NASDAQ:SPAR) today announced it has named automotive industry
executive Tom Gorman to the newly created position of chief
operating officer. Gorman will oversee Spartan's current four
business units in addition to implementing strategic growth
initiatives. Spartan Motors, the leading manufacturer of custom
chassis and emergency-rescue vehicles, reported Gorman is
responsible for increasing productivity, improving overall business
operations and helping Spartan strengthen its position in its
market segments. In his new role, Gorman will also work closely
with other members of the leadership team to execute the company's
strategy, including lean operations implementation, global
expansion, and new market entries through product development and
strategic acquisitions. Gorman brings 26 years of management,
operations and manufacturing expertise to the position, including
extensive experience in sales, engineering, lean manufacturing,
product launches and mergers and acquisitions integration. Gorman
was previously president of business development and engineering at
Southfield, Mich.-based Fluid Routing Solutions. "We are very
pleased to welcome Tom to our senior management team with his
proven track record of success in profitably managing multiple
strategic business units and facilities, both domestically and
internationally," said John Sztykiel, president and chief executive
officer of Spartan Motors. "Tom brings tremendous experience and
knowledge to our management team and much needed depth. He
understands the process of delivering highly engineered niche
products using lean manufacturing principles and built exactly to
customer specifications, and this background will be invaluable as
we strive to transform existing and new market niches from
commercial to custom." During his time at Fluid Routing Solutions,
Gorman managed sales, operations and engineering across four
divisions. Previously, he served as president and COO of North
American operations for ZF Lemforder Corporation, where he was
responsible for nine manufacturing and assembly plants. Gorman also
spent over 17 years at automotive and systems components maker Dana
Corporation, rising to business development director of the modules
and systems division. "I am excited to join Spartan Motors and lend
both my operations and management experience and outside
perspective to the leadership team," said Gorman. "The unique
balance of Spartan's track record as a strong publicly traded
company with its entrepreneurial spirit and tremendous opportunity
for growth is inspiring, and I look forward to bringing best
practices across the business units for the benefit of our
customers, partners and other stakeholders." Gorman earned a master
of business administration degree from the University of Michigan
and a bachelor's degree from the University of Detroit. About
Spartan Motors Spartan Motors, Inc. (http://www.spartanmotors.com/)
designs, engineers and manufactures custom chassis and vehicles for
the recreational vehicle, fire truck, ambulance, emergency-rescue
and custom vehicle markets. The company's brand names -
Spartan(TM), Crimson Fire(TM), Crimson Fire Aerials(TM), and Road
Rescue(TM) - are known for quality, value, service and being the
first to market with innovative products. The company employs
approximately 1,200 at facilities in Michigan, Pennsylvania, South
Carolina and South Dakota. Spartan reported sales of $844.4 million
in 2008 and is focused on becoming the premier manufacturer of
custom vehicles and chassis in North America. This release contains
forward-looking statements, including, without limitation,
statements concerning our business, future plans and objectives and
the performance of our products. Forward looking statements are
identifiable by words such as "believe," "anticipate," "will,"
"sustain," and "continue." These forward-looking statements involve
certain risks and uncertainties that ultimately may not prove to be
accurate. Actual results and future events could differ materially
from those anticipated in such statements. Technical complications
may arise that could prevent the prompt implementation of the plans
outlined above. The company cautions that these forward-looking
statements are further qualified by other factors including, but
not limited to, those set forth in the company's Annual Report on
Form 10-K filing and other filings with the United States
Securities and Exchange Commission (available at
http://www.sec.gov/). Government contracts and subcontracts
typically involve long payment and purchase cycles, competitive
bidding, qualification requirements, delays or changes in funding,
extensive specification development and changes, price negotiations
and milestone requirements. An announced award of a governmental
contract is not equivalent to a finalized executed contract and
does not assure that orders will be issued and filled. Government
agencies also often retain some portion of fees payable upon
completion of a project and collection of contract fees may be
delayed for long periods, which can negatively impact both prime
contractors and subcontractors. The company undertakes no
obligation to publicly update or revise any statements in this
release, whether as a result of new information, future events or
otherwise, except as required by law. DATASOURCE: Spartan Motors,
Inc. CONTACT: John Sztykiel, CEO, or Jim Knapp, CFO, of Spartan
Motors, Inc., +1-517-543-6400; or Jeff Lambert or Ryan McGrath, ,
of Lambert, Edwards & Associates, Inc., +1-616-233-0500 Web
Site: http://www.spartanmotors.com/
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