Oshkosh Corporation (NYSE: OSK) announced today that Brad Nelson has been promoted to Oshkosh Corporation senior vice president and president of the Commercial business segment. He will assume his new position on March 4, 2013.
Brad Nelson is currently serving as vice president, Global Marketing for JLG Industries in the Access Equipment segment of Oshkosh Corporation, a position he has held since joining JLG in September 2011. He will report to Wilson Jones, Oshkosh Corporation president and chief operating officer.
“We are very pleased to have an individual such as Brad Nelson, who has significant marketing, product and business development expertise, lead our Commercial segment,” said Charlie Szews, Oshkosh Corporation chief executive officer. “Brad’s experience will be very valuable as our Commercial businesses seek to continue their impressive operational improvements, and ramp up to take advantage of the market recovery for construction equipment and the economy in general.”
Prior to joining JLG, Brad Nelson served as vice president of Marketing/Communications and as a business unit manager at Eaton Corporation. Before that, he served as director, general manager at EMC (Iomega) Corporation, where he also held management positions of increasing responsibility in product and business development. Brad Nelson started his career at Qwest Communications (U.S. West).
About The Oshkosh Commercial Group
The Oshkosh Commercial Group, part of Oshkosh Corporation [NYSE: OSK], manufactures a full line of concrete mixers, refuse truck bodies, concrete batch plants, service vehicles, and material handling systems. Brands under the Oshkosh Commercial Group include: McNeilus, Oshkosh, London, CON-E-CO and IMT. For more information visit www.mcneiluscompanies.com.
About Oshkosh Corporation
Oshkosh Corporation is a leading designer, manufacturer and marketer of a broad range of specialty access equipment, commercial, fire & emergency and military vehicles and vehicle bodies. Oshkosh Corporation manufactures, distributes and services products under the brands of Oshkosh®, JLG®, Pierce®, McNeilus®, Jerr-Dan®, Frontline™, CON-E-CO®, London® and IMT®. Oshkosh products are valued worldwide in businesses where high quality, superior performance, rugged reliability and long-term value are paramount. For more information, visit www.oshkoshcorporation.com.
®, ™ All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.
This press release contains statements that the Company believes to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including, without limitation, statements regarding the Company’s future financial position, business strategy, targets, projected sales, costs, earnings, capital expenditures, debt levels and cash flows, and plans and objectives of management for future operations, are forward-looking statements. When used in this press release, words such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “should,” “project” or “plan” or the negative thereof or variations thereon or similar terminology 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, which 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 access equipment, commercial and fire & emergency markets, especially in the current environment where there are conflicting signs regarding the global economic outlook and the ability of the U.S. government to resolve budgetary and debt issues; the expected level and timing of the U.S. Department of Defense (DoD) procurement of products and services and funding thereof; risks related to reductions in government expenditures in light of U.S. defense budget pressures and an uncertain DoD tactical wheeled vehicle strategy; the ability to comply with laws and regulations applicable to U.S. government contractors; the ability to increase prices to raise margins or offset higher input costs; increasing commodity and other raw material costs, particularly in a sustained economic recovery; risks related to the Company’s exit from its ambulance business, including the amounts of related costs and charges; risks related to facilities consolidation and alignment, including the amounts of related costs and charges and that anticipated cost savings may not be achieved; the duration of the ongoing global economic weakness, which could lead to additional impairment charges related to many of the Company’s intangible assets and/or a slower recovery in the Company’s cyclical businesses than Company or equity market expectations; the potential for the U.S. government to competitively bid the Company’s Army and Marine Corps contracts; risks related to the collectability of receivables, particularly for those businesses with exposure to construction markets; the cost of any warranty campaigns related to the Company’s products; risks related to production or shipment delays arising from quality or production issues; risks associated with international operations and sales, including foreign currency fluctuations and compliance with the Foreign Corrupt Practices Act; risks related to actions of activist shareholders; and risks related to the Company’s ability to successfully execute on its strategic road map and meet its long-term financial goals. Additional information concerning these and other factors is contained in the Company’s filings with the Securities and Exchange Commission. All forward-looking statements speak only as of the date of this press release. The Company assumes no obligation, and disclaims any obligation, to update information contained in this press release. Investors should be aware that the Company may not update such information until the Company’s next quarterly earnings conference call, if at all.