Michael Pack Appointed President of Vocational
Segment
Company Initiates Search for Chief Financial
Officer
Oshkosh Corporation (NYSE: OSK), a leading innovator of
purpose-built vehicles and equipment, today announced that Michael
Pack, executive vice president and chief financial officer of
Oshkosh, has been appointed as president of the Vocational segment,
effective immediately, succeeding Jim Johnson in that role. Mr.
Johnson is retiring from the Company, effective June 30, 2024.
Oshkosh has initiated a search process with the assistance of a
leading executive search firm to identify the Company’s next chief
financial officer. Pack will continue to serve as CFO until a
successor is named.
“Mike has spent much of his 18-year tenure at Oshkosh in
leadership roles in our Fire & Emergency and Commercial
segments, which were combined in 2023 to form our Vocational
segment. We are excited that he is returning to lead this great
business,” said John Pfeifer, president and chief executive officer
of Oshkosh Corporation. “Mike is a proven leader who knows the
business well and brings established relationships with our
customers, dealers and team members to his new role. We have
talented teams in both our finance and Vocational organizations to
ensure a smooth transition.”
Pfeifer continued, “Our Vocational segment has continued to
perform well and its leadership team has made important progress
and built a strong foundation to drive long-term growth. We thank
Jim for his contributions to Oshkosh and wish him all the best in
his retirement.”
“It’s an honor to lead the Vocational segment during such an
exciting time,” commented Pack. “Compelling momentum, a robust
backlog, strong demand and a pipeline of innovative new products,
including our Volterra electric vehicles, position us well for the
future. I look forward to working with the Vocational team to
advance our strategy, continue our strong growth trajectory and
position the segment to capture the significant opportunities
ahead.”
About Michael Pack
Michael Pack has served as CFO of Oshkosh since 2020.
Previously, he held finance roles of increasing responsibility with
the Fire & Emergency, Access and Commercial segments, as well
as within corporate finance. Prior to joining Oshkosh in 2006, he
was a senior audit manager at Grant Thornton LLP. Pack has a
bachelor’s degree in business administration from the University of
Wisconsin-Madison and is a certified public accountant.
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
approximately 17,000 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®, Hinowa, Power Towers, Pierce®, MAXIMETAL, 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,” “confident” 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 fire apparatus, refuse and recycling collection and air
transportation equipment markets, which are particularly impacted
by the strength of U.S. and European economies; the impact of
severe weather, war, natural disasters or pandemics that may affect
the Company, its suppliers or its customers; the Company’s ability
to increase prices or impose surcharges to raise margins or to
offset higher input costs, including increased raw material, labor,
freight and overhead costs; the Company’s ability to attract and
retain production labor in a timely manner; the Company's ability
to successfully integrate the AeroTech acquisition and to realize
the anticipated benefits associated with the same; the strength of
the U.S. dollar and its impact on Company exports, translation of
foreign sales and the cost of purchased materials; 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
associated with international operations and sales, including
compliance with the Foreign Corrupt Practices Act; risks that a
trade war and related tariffs could reduce the competitiveness of
the Company’s products; the Company’s ability to comply with
complex laws and regulations applicable to U.S. government
contractors; cybersecurity risks and costs of defending against,
mitigating and responding to data security threats and breaches
impacting the Company; the Company’s ability to successfully
identify, complete and integrate other acquisitions and to realize
the anticipated benefits associated with the same; 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 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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