Horizon Global Board of Directors Appoints James Sistek as Chief Administrative Officer
December 09 2019 - 4:50PM
Business Wire
Horizon Global Corporation (NYSE: HZN), one of the world’s
leading manufacturers of branded towing and trailering equipment,
announced today that the Company's Board of Directors appointed
James Sistek as Chief Administrative Officer.
Terry Gohl, Horizon Global’s Chief Executive Officer, stated,
“We are pleased to announce Jim as Horizon Global’s Chief
Administrative Officer. Jim is an accomplished executive with vast
automotive industry and turnaround experience. Jim’s expertise
spans a number of business functions, from purchasing to product
development to information technology, and he will be immediately
tasked with enhancing our business operations through the
implementation of global, standardized business systems. We are
extremely pleased to add another top-level talent to the team and
look forward to Jim’s significant contributions to the
business.”
John Kennedy, Horizon Global’s Board Chair remarked, “We
continue to strengthen our leadership team, and we expect Jim to
have an immediate impact as he streamlines our business operations
and supports the acceleration of our many business improvement
initiatives."
Kennedy added, “We remain focused on delivering best-in-class
towing and trailering solutions to our customers and maximizing
long-term value for the benefit of our shareholders, our employees
and all of our stakeholders.”
Prior to joining Horizon Global, Sistek served as Senior Vice
President Business Operations for Superior Industries
International, Inc. (“Superior”), a Tier 1 automotive supplier of
aluminum wheels, from August 2014 to January 2019. During his
tenure at Superior, Sistek was directly responsible for product
development and launch, supply chain and logistics, quality,
information technology and served as the executive lead on a
corporate-wide overhaul of the operating model. From January 2013
to August 2014, Sistek served as President and Founder of
Infologic, Inc. (“Infologic”), a consulting services company
specializing in the optimization of business operations, where he
streamlined business processes, supported program development and
launch programs, and provided complete technology assessments for
Tier 1 suppliers and IT service providers. Prior to forming
Infologic, from October 2005 to January 2013, Sistek held various
leadership positions at Visteon Corporation, ultimately serving as
Vice President Shared Services and Chief Information Officer from
2009 to 2013.
About Horizon Global
Horizon Global is the #1 designer, manufacturer and distributor
of a wide variety of high-quality, custom-engineered towing,
trailering, cargo management and other related accessory products
in North America and Europe. The Company serves OEMs, retailers,
dealer networks and the end consumer as the category leader in the
automotive, leisure and agricultural market segments. Horizon
provides its customers with outstanding products and services that
reflect the Company's commitment to market leadership, innovation
and operational excellence. The Company’s mission is to utilize
forward-thinking technology to develop and deliver best-in-class
products for our customers, engage our employees and create value
for our shareholders. Horizon Global is home to some of the world’s
most recognized brands in the towing and trailering industry,
including: BULLDOG, Draw-Tite, Fulton, Reese, Tekonsha, and
Westfalia. Horizon Global has approximately 4,200 employees in 37
facilities across 15 countries. For more information, please visit
www.horizonglobal.com.
Forward-Looking Statements
This release contains “forward-looking statements” as defined in
the Private Securities Litigation Reform Act of 1995.
Forward-looking statements contained herein speak only as of the
date they are made and give our current expectations or forecasts
of future events. These forward-looking statements can be
identified by the use of forward-looking words, such as “may,”
“could,” “should,” “estimate,” “project,” “forecast,” “intend,”
“expect,” “anticipate,” “believe,” “target,” “plan” or other
comparable words, or by discussions of strategy that may involve
risks and uncertainties. These forward-looking statements are
subject to numerous assumptions, risks and uncertainties which
could materially affect our business, financial condition or future
results including, but not limited to, risks and uncertainties with
respect to: the Company’s leverage; liabilities and restrictions
imposed by the Company’s debt instruments; market demand;
competitive factors; supply constraints; material and energy costs;
technology factors; litigation; government and regulatory actions
including the impact of any tariffs, quotas or surcharges; the
Company’s accounting policies; future trends; general economic and
currency conditions; various conditions specific to the Company’s
business and industry; the success of the Company’s action plan,
including the actual amount of savings and timing thereof; the
success of our business improvement initiatives in Europe-Africa,
including the amount of savings and timing thereof; the Company’s
exposure to product liability claims from customers and end users,
and the costs associated therewith; the Company’s ability to meet
its covenants in the agreements governing its debt; the Company’s
ability to maintain compliance with the New York Stock Exchange’s
continued listing standards; and other risks that are discussed in
the Company’s most recent Annual Report on Form 10-K, Quarterly
Reports on Form 10-Q or Current Reports on Form 8-K. The risks
described herein are not the only risks facing our Company.
Additional risks and uncertainties not currently known to us or
that we currently deemed to be immaterial also may materially
adversely affect our business, financial position and results of
operations or cash flows. We caution readers not to place undue
reliance on such statements, which speak only as of the date
hereof. We do not undertake any obligation to review or confirm
analysts’ expectations or estimates or to release publicly any
revisions to any forward-looking statement to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events.
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version on businesswire.com: https://www.businesswire.com/news/home/20191209005775/en/
CONTACT: Jeff Tryka, CFA Investor Relations (616)
295-2509 jtryka@horizonglobal.com
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