Frank Nerenhausen to Retire Effective November 13, 2023. Mahesh Narang Named Successor. Tim Morris Appointed Chief Commercial Officer.
McConnellsburg, Pa. — October 17, 2023 — JLG Industries, Inc., an Oshkosh Corporation business [NYSE:OSK] and leading global manufacturer of mobile elevating work platforms and telehandlers, today announced the retirement of Frank Nerenhausen, executive vice president of Oshkosh Corporation and president of its Access segment. Mahesh Narang will succeed Nerenhausen effective November 13, 2023. Nerenhausen will serve as an advisor to the company through August 2024.
Nerenhausen is retiring after more than 37 years with Oshkosh Corporation. Since joining the company as an intern in 1986, his career has included a range of management and leadership assignments of increasing responsibility across business segments. He was named the company’s Access segment president in 2012.
“Frank has built a world-class team, successfully leading JLG to great heights for more than a decade. During his tenure, the Access segment has achieved significant growth and profitability, while introducing progressive innovations that leave our business in an outstanding position with a bright future,” said John Pfeifer, president and chief executive officer of Oshkosh Corporation.
Narang is an accomplished global executive. Most recently he served as vice president and president of Components at Cummins Inc., where he developed the strategic direction and led all operational aspects of the Components business. Further, he executed a forward-looking strategy to grow in core diesel markets while expanding into new and fuel agnostic adjacent markets. Narang also led the acquisition and integration of several companies, helping grow the Components business by over 50% and prepare for future technologies.
He holds a Bachelor's degree in Engineering from the University of Mumbai, India, as well as Master of Business Administration and Master of Engineering Management degrees from Northwestern University.
Pfeifer continued, “In addition, we are taking this opportunity to align the commercial activities of JLG Americas to prepare for future growth.”
Tim Morris, who has been with JLG since 1992, has been appointed chief commercial officer for JLG Americas. He will be responsible for overseeing all JLG whole goods and aftermarket commercial business initiatives in the Americas region.
Pfeifer concluded “We have an exceptionally strong bench of talent at our Access segment. Mahesh’s diversified experience combined with the longevity of Tim’s experience and deep customer relationships will allow us to continue our growth trajectory and maintain our market leadership.”
For more information on JLG leadership, products and services, please visit JLG.com.
About JLG Industries, Inc.
JLG Industries, Inc. is a world-leading designer, manufacturer, and marketer of access equipment. The Company’s diverse product portfolio includes leading brands such as JLG® aerial work platforms; JLG and SkyTrak® telehandlers and rotary telehandlers; and an array of complementary accessories that increase the versatility and efficiency of these products. JLG is an Oshkosh Corporation company [NYSE: OSK]. For more information about JLG Industries, Inc., visit www.jlg.com, or find us on Twitter, Facebook, LinkedIn, Instagram and YouTube.
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 cause: to make a difference in people’s lives. Oshkosh products can be found in more than 150 countries under the brands of JLG®, Hinowa, Pierce®, MAXIMETAL, Oshkosh® Defense, McNeilus®, IMT®, Jerr-Dan®, Frontline™ Communications, Oshkosh® Airport Products, JBT® AeroTech and Pratt Miller. For more information, visit oshkoshcorp.com.
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 the Company's ability to successfully integrate the AeroTech acquisition and to realize the anticipated benefits associated with the same; the risks associated with international operations and sales, including compliance with the Foreign Corrupt Practices Act; 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.