LAFAYETTE, Ind., June 04, 2018 (GLOBE NEWSWIRE) -- Wabash National Corporation (NYSE:WNC), a diversified manufacturer and a leading producer of semi-trailers and liquid transportation systems, today announced that Brent L. Yeagy, President and Chief Operating Officer of the company, has assumed the role of President and Chief Executive Officer, effective June 2, 2018. Mr. Yeagy follows Richard J. Giromini, who stepped down from his role as Chief Executive Officer on June 1 as part of a planned succession announced on December 15, 2017.
“On behalf of the Board of Directors, I extend my sincere gratitude and admiration for Dick’s many contributions in his 11 years as CEO,” commented Dr. Martin Jischke, Chairman of the Board. “As CEO, Dick changed Wabash National from being primarily a dry van manufacturer to the growing, diversified manufacturer it is today. The Board is confident that new CEO Brent Yeagy—a talented, energetic and experienced leader—will build on the foundation Dick put in place and carry Wabash National’s legacy of innovation and growth into the future.”
Mr. Yeagy has been with Wabash National for more than 15 years, most recently serving as President and Chief Operating Officer since October 1, 2016. Mr. Yeagy joined Wabash National in 2003 and held a number of positions with increasing responsibility, including Vice President of Manufacturing, Vice President and General Manager – Commercial Trailer Products, and Senior Vice President and Group President – Commercial Trailer Products. Prior to Wabash National, from 1999 to 2003, Mr. Yeagy held various positions within human resources, environmental engineering and safety management for Delco Remy International. He served in various plant engineering roles at Rexnord Corporation from December 1995 through 1999. He also served in the United States Navy from 1991 to 1994.
“I’m honored and humbled to be named the President and CEO of Wabash National,” Yeagy said. “I’m fortunate to have spent the last 15 years at Wabash National under the leadership of Dick Giromini. He created a strong foundation. The next chapter at Wabash National will capitalize on the pillars Dick implemented: focus, lean manufacturing, company culture, and a strategic plan for growth and diversification. In the spirit of continuous improvement that Dick brought to Wabash National, we will now shift toward acceleration of our strategy as we look to provide greater value for all of our stakeholders.”
Mr. Giromini will remain with the company serving in the role of Executive Advisor through June 1, 2019, following which he will retire from Wabash National.
About Wabash National Corporation
Wabash National Corporation (NYSE:WNC) is a diversified industrial manufacturer and a leading producer of semi-trailers and liquid transportation systems. Established in 1985 in Lafayette, Indiana, the company manufactures a diverse range of products, including: dry freight and refrigerated trailers, platform trailers, bulk tank trailers, dry and refrigerated truck bodies, truck-mounted tanks, intermodal equipment, aircraft refueling equipment, 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®, Garsite, Progress Tank, 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 growth, it strategic plan for growth and diversification and plans for providing greater value to shareholders. 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 Industries 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, risks in implementing and sustaining improvements in the Company’s manufacturing operations and cost containment, dependence on industry trends and timing, 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.
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