Oshkosh Truck Corporation [NYSE: OSK] announced today that Craig E. Paylor has been named president of JLG Industries, Inc., its access equipment subsidiary and newest acquisition, effective immediately.
Most recently, Paylor served as Senior Vice President of Marketing for JLG with global responsibility for business development, sales, marketing, customer service and aftermarket. Since joining JLG in 1978 as a district manager, Paylor has held increasingly responsible, customer-focused roles primarily in the areas of sales, marketing and business development. In 1996, Paylor became an officer of JLG and was appointed Sr. Vice President of Sales and Market Development in 1999. During his nearly 30 years with JLG, the company has grown from annual revenues of $40 million to $2.3 billion in fiscal 2006.
“Craig brings exceptionally strong leadership skills, broad business acumen, international business management capabilities and an acutely perceptive understanding of JLG’s customers and markets to this role. He has led many of the developments in the access equipment industry during his career, including JLG’s most recent ServicePlus® initiative, which offers improved life cycle management to rental and end user customers. I am delighted we found such an outstanding leader within JLG and am confident in his ability to drive JLG’s growth in revenues and development of its value proposition for the global market,” said Robert G. Bohn, Oshkosh’s chairman, president and chief executive officer.
Paylor succeeds Charlie Szews, Oshkosh’s executive vice president and chief financial officer, in the position. Szews had been acting president since Oshkosh’s acquisition of JLG in December 2006 and now returns full time to his corporate responsibilities.
“I would also like to thank Charlie Szews for his exceptional leadership during the integration of JLG into our corporation. His contributions have been extremely valuable to JLG and to the corporation,” concluded Bohn.
Paylor holds a bachelor’s degree from Penn State University and a master’s degree from Harvard Business School.
About Oshkosh Truck Corporation
Oshkosh Truck Corporation is a leading designer, manufacturer and marketer of a broad range of specialty access equipment, commercial, fire and emergency and military vehicles and vehicle bodies. Oshkosh's products are valued worldwide by rental companies, fire and emergency units, defense forces, municipal and airport support services, and concrete placement and refuse businesses where high quality, superior performance, rugged reliability and long-term value are paramount. For more information, log on to www.oshkoshtruckcorporation.com.
Forward-Looking Statements
This press release contains statements that the company believes are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including statements regarding the company's future financial position, business strategy, targets, projected sales, costs, earnings, capital spending and debt levels, and plans and objectives of management for future operations, are forward-looking statements. When used in this press release, words such as "expects," "intends," "estimates," "anticipates," or "believes" and similar expressions are generally intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions and other factors, some of which are beyond the company's control that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include the cyclical nature of the company’s markets, the company’s ability to successfully integrate the JLG acquisition, the consequences of financial leverage associated with the JLG acquisition, risks related to reductions in government expenditures, the uncertainty of government contracts and the company’s ability to turnaround its Geesink Norba Group business. Additional information concerning these and other factors is contained in the Company's filings with the Securities and Exchange Commission.
