CHARLOTTE, Mich., Jan. 27, 2020 /PRNewswire/ -- Spartan Motors
Inc. (NASDAQ: SPAR) ("Spartan" or the "Company"), the North
American leader in specialty vehicle manufacturing and assembly for
the commercial and retail vehicle industries (including last-mile
delivery, specialty vehicles, commercial vehicle assembly and
vocation-specific upfit segments), as well as for the emergency
response and recreational vehicle markets, today announced the
appointment of its incoming chief financial officer, Jonathan C. Douyard, effective no later than
March 31, 2020.
"We are pleased to announce the appointment of Jon
Douyard as CFO of Spartan Motors," said Daryl Adams, president and chief executive
officer, Spartan Motors. "Jon is a highly respected,
results-oriented executive with nearly 20 years of experience with
a track record of delivering strong operating results, building
high-performing finance organizations, and driving continuous
improvement throughout organizations. We are excited to have him
join our leadership team and hit the ground running to help us
accelerate profitable growth."
Douyard most recently served as the vice president of finance
and CFO of Fluke Corporation, an operating company within Fortive,
a Danaher Industrial spin-off. In his role, he oversaw the finance
and IT functions at Fluke. He has experience building and leading
teams, executing corporate strategy and completing strategic
acquisitions. Prior to joining Fluke, he held key financial
leadership positions at Sikorsky Aircraft, a United Technologies
Company; and General Electric. Douyard holds a Bachelor of Science
in finance from Bentley
University.
"I truly believe in Spartan Motors vision for the future and
could not be more excited to join a great team and company with
such strong momentum," Douyard said. "I look forward to building on
the substantial groundwork laid by my predecessor, and to be part
of the company's future."
Rick Sohm, the Company's current CFO, previously announced
he was stepping down for non-business reasons in September
2019. Sohm will remain in his position through Douyard's
onboarding process to ensure business continuity throughout the
transition, and ongoing success.
About Spartan Motors
Spartan Motors, Inc. is the North
American leader in specialty vehicle manufacturing and assembly for
the commercial and retail vehicle industries (including last-mile
delivery, specialty service and vocation-specific upfit segments),
as well as for the emergency response and recreational vehicle
markets. The Company is organized into three core business
segments: Spartan Fleet Vehicles and Services, Spartan Emergency
Response and Spartan Specialty Vehicles. Today, its family of
brands also include Spartan Authorized Parts, Spartan Factory
Service Centers, Utilimaster, Royal Truck Body, Strobes-R-Us,
Smeal, Ladder Tower and UST. Spartan Motors and its go-to-market
brands are well known in their respective industries for quality,
durability, aftermarket product support and first-to-market
innovation. The Company employs approximately 2,500 associates, and
operates facilities in Michigan,
Indiana, Pennsylvania, South
Carolina, Florida,
Missouri, California, Arizona, Texas, Nebraska, South
Dakota; Saltillo, Mexico;
and Lima, Peru. Spartan reported
sales of $816 million in 2018. Learn
more about Spartan Motors at www.spartanmotors.com.
This release contains several forward-looking statements that
are not historical facts. 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;
issues unique to government contracting, such as competitive
bidding processes, qualification requirements, and delays or
changes in funding; changes in our relationships with major
customers, suppliers, or other business partners; 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 update or revise any
forward-looking statements in this release, whether as a result of
new information, future events, or otherwise.
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SOURCE Spartan Motors, Inc.