Oshkosh Corporation (NYSE:OSK), a leading innovator of purpose-built vehicles and equipment, today announced that Keith Allman, an Oshkosh director since 2015, has been appointed as independent chair of the board of Oshkosh Corporation. Allman's appointment was effective at the Company's annual meeting of shareholders. He succeeds Steve Newlin who has served as chair since 2020 and is leaving the Oshkosh Board after reaching the mandatory retirement age.
"On behalf of the entire board, I want to thank Steve for his exceptional leadership and service to Oshkosh and its shareholders. Over the past five years, his guidance has been instrumental to the board's critical oversight of strategy and risk, and we are truly grateful for the impact he has made as chair," said Kim Metcalf-Kupres, director and governance committee chair. "Keith's appointment as chair reflects the strength of the Oshkosh Board and our ongoing commitment to thoughtful succession planning."
"Keith is an accomplished chief executive officer with a deep understanding of Oshkosh and our industries," said John Pfeifer, president and chief executive officer, Oshkosh Corporation. "I look forward to continuing our work together as we execute our Innovate. Serve. Advance. strategy and deliver long-term shareholder value. I also want to thank Steve for his many years of outstanding service, leadership and guidance since joining our board."
"I want to thank the Oshkosh board for their contributions and support during my tenure as chair. I also want to congratulate Keith Allman as he takes the reigns of the chair," said Newlin. "Keith is an outstanding leader, businessman and person who is extremely well qualified."
Allman has been president and chief executive officer of Masco Corporation since 2014. He recently announced his retirement, effective July 7, following 27 years with the company. Prior to Masco, Allman held leadership positions in engineering, manufacturing and quality management for General Motors Corporation.
About Oshkosh Corporation
At Oshkosh (NYSE:OSK), we make innovative, mission-critical equipment to help everyday heroes advance communities around the world. Headquartered in Wisconsin, Oshkosh Corporation employs over 18,000 team members worldwide, all united behind a common purpose: to make a difference in people's lives. Oshkosh products can be found in more than 150 countries under the brands of JLG®, Pierce®, MAXIMETAL, Oshkosh® S-Series™, Oshkosh® Defense, McNeilus®, IMT®, Jerr-Dan®, Frontline™ Communications, Oshkosh® Airport Products, Oshkosh AeroTech™ and Pratt Miller. For more information, visit oshkoshcorp.com.
®, ™ All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.
Forward Looking Statements
This news 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 news 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 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 news release. The Company assumes no obligation, and disclaims any obligation, to update information contained in this news 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.
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