CHARLOTTE, Mich., Oct. 25, 2017 /PRNewswire/ -- Spartan
Motors, Inc. (NASDAQ: SPAR) ("Spartan" or the "Company"), a global
leader in specialty chassis and vehicle design, manufacturing and
assembly, today announced that Dominic A.
Romeo has been named to the Company's Board of Directors.
Mr. Romeo was also appointed to the Board's Audit Committee.
On the heels of sharing its aggressive plans for growth into
2020 at a recent Analyst and Investor Day in NYC, it is no secret
that Spartan is laser focused on growth. Adding Dominic Romeo
to the Board of Directors brings a longtime financial professional
to the Board, in a time when Spartan plans to grow both organically
and through acquisitions.
James Sharman, Chairman of the
Board, commented on Mr. Romeo's appointment, "We are pleased to
welcome Dominic to Spartan's Board of Directors. We believe
his experience and knowledge in finance, international business,
and manufacturing will be helpful as Spartan develops and grows. We
look forward to working with him and gaining from his extensive
experience."
Mr. Romeo currently serves on the board of Novanta Inc., a
leading technology supplier to medical and advanced industrial
equipment manufacturers and BBB Industries, an automotive parts
manufacturer, held by Pamplona Capital Management. Most
recently he served as Senior Vice President and Chief Financial
Officer of Thor Industries, Inc., a leading manufacturer of
recreational vehicles. Prior to Thor, he served as Vice
President and Chief Financial Officer of IDEX Corporation, a
leading global manufacturer of pump products, dispensing equipment,
and other engineered products.
Romeo's professional experience includes GE Aircraft Engines
where he held multiple financial roles in audit and financial
planning, and later Honeywell International, Inc., a diversified
technology and manufacturing company that services customers
globally, where he rose to the positions of Vice President and
Chief Financial Officer of Honeywell Aerospace.
"I look forward to joining Spartan Motors' Board of
Directors. I am confident that my background, coupled with
the relationships I've already built with Spartan's executives and
Independent Directors will further the collaborative nature of
evaluating new opportunities while simultaneously continuing to
strengthen the business' core as we work together to guide this
great organization into its next phase of overwhelming growth,"
Romeo commented.
Mr. Romeo holds a Bachelor of Arts Degree in both Accounting and
Business Administration from Manchester University.
The Company's Board of Directors now consists of Chairman
James Sharman, Mr. Daryl Adams, Mr. Richard
Current, Mr. Richard Dauch,
Mr. Ron Harbour, Mr. James Orchard, Mr. Andrew Rooke, and Mr. Dominic Romeo.
For more information on Spartan Motors, visit
www.spartanmotors.com.
About Spartan Motors
Spartan Motors, Inc. is a leading
designer, engineer, manufacturer and marketer of a broad range of
specialty vehicles, specialty chassis, vehicle bodies and parts for
the fleet and delivery, recreational vehicle (RV), emergency
response, defense forces and contract assembly (light / medium duty
truck) markets. The Company's brand names — Spartan Motors, Spartan
Specialty Vehicles, Spartan Emergency Response, Spartan Parts and
Accessories; Smeal® and its family of brands, including Ladder
Tower™ and UST®; and Utilimaster®, a Spartan Motors Company — are
known for quality, durability, performance, customer service and
first-to-market innovation. The Company employs approximately 2,200
associates and operates facilities in Michigan, Indiana, Pennsylvania, Missouri, Wisconsin, Nebraska, South
Dakota; Saltillo, Mexico;
and Lima, Peru. Spartan reported
sales of $591 million in 2016. Visit
Spartan Motors at www.spartanmotors.com.
This release contains several forward-looking statements that
are not historical facts, including statements concerning our
business, strategic position, financial projections, financial
strength, future plans, objectives, and the performance of our
products and operations. These statements can be identified
by words such as "believe," "expect," "intend," "potential,"
"future," "may," "will," "should," and similar expressions
regarding future expectations. These forward-looking
statements involve various known and unknown risks, uncertainties,
and assumptions that are difficult to predict with regard to
timing, extent, and likelihood. Therefore, actual performance
and results may materially differ from what may be expressed or
forecasted in such forward-looking statements. Factors that could
contribute to these differences include operational and other
complications that may arise affecting the implementation of our
plans and business objectives; continued pressures caused by
economic conditions and the pace and extent of the economic
recovery; challenges that may arise in connection with the
integration of new businesses or assets we acquire or the
disposition of assets; restructuring of our operations, and/or our
expansion into new geographic markets; issues unique to government
contracting, such as competitive bidding processes, qualification
requirements, and delays or changes in funding; disruptions within
our dealer network; changes in our relationships with major
customers, suppliers, or other business partners, including Isuzu;
changes in the demand or supply of products within our markets or
raw materials needed to manufacture those products; and changes in
laws and regulations affecting our business. Other factors
that could affect outcomes are set forth in our Annual Report on
Form 10-K and other filings we make with the Securities and
Exchange Commission (SEC), which are available at
www.sec.gov or our website. All forward-looking
statements in this release are qualified by this paragraph.
Investors should not place undue reliance on forward-looking
statements as a prediction of actual results. We undertake no
obligation to publicly update or revise any forward-looking
statements in this release, whether as a result of new information,
future events, or otherwise.
View original
content:http://www.prnewswire.com/news-releases/spartan-motors-names-dominic-romeo-to-board-of-directors-300542800.html
SOURCE Spartan Motors, Inc.