Spartan Motors Names Joseph M. Nowicki as Chief Financial Officer
June 30 2009 - 9:00AM
PR Newswire (US)
CHARLOTTE, Mich., June 30 /PRNewswire-FirstCall/ -- Spartan Motors,
Inc. (NASDAQ:SPAR) today announced it has named former Herman
Miller finance executive Joseph M. Nowicki, C.P.A., as chief
financial officer. Nowicki succeeds James Knapp, who previously
announced his retirement. Spartan Motors, the leading manufacturer
of custom chassis and emergency-rescue vehicles, said Nowicki
brings more than two decades of financial management and operations
expertise to the position, including extensive manufacturing and
international experience. Nowicki spent 17 years with Zeeland,
Mich.-based Herman Miller, Inc., most recently as Treasurer and a
member of key leadership. "We are pleased to attract someone of
this caliber to our senior management team," said John Sztykiel,
president and chief executive officer of Spartan Motors. "Joe is an
accomplished finance executive who also brings strategic and
operational experience, a background in global operations, and a
track record with the investment community that make him an ideal
candidate for this role. As Spartan looks to expand our product
offerings into new market niches, both here and abroad, we expect
Joe to bring a relevant and fresh perspective to managing our
business that will benefit all our stakeholders." At Herman Miller,
Nowicki was responsible for all treasury activities, including
establishing the company's overall capital and debt structure,
overseeing the company's pension and investment strategy and
leading investor relations activities for the $1.6 billion
furniture manufacturer. During his career at Herman Miller, Nowicki
also served as vice president of international finance and vice
president within North American finance, and was involved in
multiple acquisitions. Before joining Herman Miller, he held
several operations and finance positions, including working for IBM
and General Motors, and spent several years in public accounting.
"I'm looking forward to joining the Spartan team and think my
experience is a great fit with their culture of innovation and
focused execution," said Nowicki. "Their emphasis on Return on
Invested Capital (ROIC) aligns with my background with economic
value-added financial management, and their long-term strategic
plan focused on organic growth, new market entries and establishing
a global footprint are ideally suited for my experience." Nowicki
holds a master of business administration degree in finance from
the University of Michigan and a bachelor's degree in accounting
from Canisius College in Buffalo, NY. 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, Spartan Motors,
Inc., +1-517-543-6400, or Jeff Lambert, or Ryan McGrath, , both of
Lambert, Edwards & Associates, Inc., +1-616-233-0500 Web Site:
http://www.spartanmotors.com/
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