Horizon Global Corporation (NYSE: HZN), one of the world’s
leading manufacturers of branded towing and trailering equipment,
announced today that its Board of Directors appointed Richard J.
Jok as interim Chief Financial Officer and Matthew J. Meyer as
Chief Accounting Officer. Both appointments are effective December
13, 2019.
Prior to his appointment as interim Chief Financial Officer, Mr.
Jok served as the Company’s Vice President, Financial Planning and
Analysis. Mr. Jok replaces outgoing Chief Financial Officer Jamie
G. Pierson, who is stepping down from the role effective December
13, 2019.
The departure of Mr. Pierson is not due to any disagreement with
the Company on any matter relating to the Company’s operations,
policies or practices, nor does it reflect any disagreements about
the Company’s past financial reports or disclosures.
Terry Gohl, Horizon Global’s Chief Executive Officer, stated,
“We are pleased to announce Rick as Horizon Global’s interim Chief
Financial Officer. Rick has substantial automotive industry
experience and we believe he is well-suited to lead our global
finance function. We look forward to Rick’s heightened
contributions to the business.”
John Kennedy, Horizon Global’s Board Chair remarked, “We are
pleased to have a strong leader like Rick step in as interim Chief
Financial Officer. With Rick in place, we have continuity within
the function and the business, as a whole, and our focus can remain
on driving our many business improvement initiatives."
Prior to Mr. Meyer’s appointment as Chief Accounting Officer, he
served as Horizon Global’s Corporate Controller. In his new role,
Mr. Meyer will be responsible for the Company’s global financial
reporting, accounting and tax functions.
With respect to Mr. Meyer’s appointment, Gohl stated, “Matt did
an exceptional job for us as Corporate Controller and his promotion
to Chief Accounting Officer is well deserved. We believe Matt’s
diverse accounting, tax and finance experience will lend itself to
success in this expanded role.”
Mr. Jok has served as the Company’s Vice President, Financial
Planning and Analysis, since August 2019. Prior to joining the
Company, Mr. Jok served as the Chief Financial Officer of OE
Automotive Group, LLC, a wholly owned subsidiary of Crowne Group,
LLC, an automotive supplier of formed metal tubing and precision
plastic components (“Crowne Group”), from March 2016 to February
2018. In February 2018, Crowne Group spun off OE Automotive Group,
LLC to form Vari-Form Group, LLC (“Vari-Form”). Mr. Jok served as
Chief Financial Officer of Vari-Form from February 2018 to May
2018. Previously, Mr. Jok was employed by Nexteer Automotive
Corporation, an automotive steering and driveline supplier, in
positions of increasing responsibility from January 2003 to January
2015, ultimately serving as its Chief Financial Officer, Saginaw
Division, from March 2011 to January 2015.
Mr. Meyer has served as the Company’s Corporate Controller,
since November 2018. Prior to joining the Company, Mr. Meyer served
as Corporate Controller for Joyson Safety Systems, a global leader
in mobility safety providing safety-critical components, systems
and technology to automotive and non-automotive markets, from
December 2015 to November 2018. From January 2015 to December 2015,
Mr. Meyer served as Director, Accounting and Reporting for
Federal-Mogul Holdings Corporation, a developer, manufacturer and
supplier of products for automotive, commercial, aerospace, marine,
rail and off-road vehicles; and industrial, agricultural and
power-generation applications (“Federal-Mogul”). Prior to his
position with Federal-Mogul, from September 2011 to January 2015,
Mr. Meyer served in a variety of management positions of increasing
responsibility, ultimately serving as Compliance Director for Kelly
Services Inc., a global leader in providing workforce solutions,
including outsourcing and consulting services. Mr. Meyer also
served in a variety of positions leading up to an Audit Manager
position with KPMG, LLP, a global network of professional firms
providing audit, tax and advisory services, from January 2007 to
September 2011.
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/20191212005848/en/
CONTACT: Jeff Tryka, CFA Investor Relations (616)
295-2509 jtryka@horizonglobal.com
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