Wabash National Corporation Announces Leadership Changes
January 17 2020 - 6:45AM
Wabash National Corporation (NYSE: WNC), a leading producer of
engineered solutions for the transportation, logistics and
distribution industries, today announced the appointment of Mike
Pettit as Senior Vice President and Chief Financial Officer.
As Chief Financial Officer, Pettit will be
responsible for driving Wabash National’s financial performance as
the company strategically expands across products, geographies and
customer bases in its pursuit to fulfill its purpose of changing
how the world reaches you. He will continue to report to President
and Chief Executive Officer Brent Yeagy.
“Mike’s appointment comes at a pivotal time for our
organization as we usher in a new era of progress and innovation at
Wabash National,” Yeagy said. “He brings to this position two
decades of experience in various finance and operations leadership
roles, including positions within our Commercial Trailer Products
business, corporate finance and investor relations, and as the
acquisition and integration leader of our Final Mile Products
business. As CFO he will help us leverage opportunities that will
further advance our influence in the transportation, logistics and
distribution industries while continuing to enhance shareholder
returns.”
Prior to this appointment, Pettit served as Senior
Vice President and Group President, Final Mile Products since
January 1, 2018, following Wabash National’s acquisition of Supreme
Industries in late 2017. He previously served as Wabash National’s
Vice President of Finance and Investor Relations (2014–2018) and
Director of Finance, Commercial Trailer Products (2012–2014). Prior
to Wabash National, from 1998 to 2012, Pettit held various finance
positions with increasing responsibility at Ford Motor Company.
In the leadership role vacated by Pettit, oversight
of Final Mile Products will transition to Kevin Page, who has
served as Senior Vice President and Group President, Diversified
Products since October 2017. Page joined Wabash National in
February 2017 as Vice President and General Manager, Final Mile and
Distributed Services. Prior to Wabash National, he was Interim
President of Truck Accessories Group, LLC from 2015 to 2016, and
Vice President of Sales, Marketing and Business Development from
2012 to 2015. He served as President of Universal Trailer Cargo
Group from 2008 to 2012. Mr. Page also had a long career at
Utilimaster Corporation serving in various sales roles, including
as Vice President of Sales and Marketing.
Wabash National Corporation: Changing How
the World Reaches YouAs the innovation leader of
engineered solutions for the transportation, logistics and
distribution industries, Wabash National Corporation (NYSE:WNC) is
changing how the world reaches you. Headquartered in Lafayette,
Indiana, the company’s mission is to enable customers to succeed
with breakthrough ideas and solutions that help them move
everything from first to final mile. Wabash National designs and
manufactures a diverse range of products, including: dry freight
and refrigerated trailers, platform trailers, bulk tank trailers,
dry and refrigerated truck bodies, structural composite panels and
products, trailer aerodynamic solutions, and specialty food grade
and pharmaceutical equipment. Its innovative products are sold
under the following brand names: Wabash National®, Beall®, Benson®,
Brenner® Tank, Bulk Tank International, DuraPlate®, Extract
Technology®, Supreme®, Transcraft®, Walker Engineered Products, and
Walker Transport. Learn more at www.wabashnational.com.
Safe Harbor Statement This press
release contains certain forward-looking statements as defined by
the Private Securities Litigation Reform Act of 1995.
Forward-looking statements convey the Company’s current
expectations or forecasts of future events. All statements
contained in this press release other than statements of historical
fact are forward-looking statements. These forward-looking
statements include, among other things, all statements regarding
the Company’s outlook for trailer and truck body shipments,
backlog, expectations regarding demand levels for trailers, truck
bodies, non-trailer equipment and our other diversified product
offerings, pricing, profitability and earnings, cash flow and
liquidity, opportunity to capture higher margin sales, new product
innovations, our growth and diversification strategies, our
expectations for improved financial performance during the course
of the year and our expectations with regards to capital
allocation. These and the Company’s other forward-looking
statements are subject to certain risks and uncertainties that
could cause actual results to differ materially from those implied
by the forward-looking statements. Without limitation, these risks
and uncertainties include the continued integration of Supreme into
the Company’s business, adverse reactions to the transaction by
customers, suppliers or strategic partners, uncertain economic
conditions including the possibility that customer demand may not
meet our expectations, increased competition, reliance on certain
customers and corporate partnerships, risks of customer pick-up
delays, shortages and costs of raw materials including the impact
of tariffs or other international trade developments, risks in
implementing and sustaining improvements in the Company’s
manufacturing operations and cost containment, dependence on
industry trends and timing, supplier constraints, labor costs and
availability, customer acceptance of and reactions to pricing
changes and costs of indebtedness. Readers should review and
consider the various disclosures made by the Company in this press
release and in the Company’s reports to its stockholders and
periodic reports on Forms 10-K and 10-Q.
Media Contact: Dana StelselDirector, Corporate
Communications(765) 771-5766dana.stelsel@wabashnational.com
Investor Relations: Ryan Reed
Director, Investor Relations (765) 771-5310
ryan.reed@wabashnational.com
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