Wabash announces executive appointments to enhance growth strategy and improve customer value effective January 15, 2025.
Quiver AI Summary
Wabash, a leader in supply chain solutions, has announced key executive appointments effective January 15, 2025, to support its growth strategy. Drew Schwartzhoff has been named Senior Vice President and Chief Commercial Officer, focusing on enhancing customer engagement and market opportunities, leveraging his extensive experience in marketing and logistics. Donald Winston steps in as Senior Vice President and Chief Operating Officer, bringing over 25 years of operational leadership from various manufacturing roles. Current Senior Vice President Kevin Page will retire after eight years but will assist the transition until June 1, 2025. These changes emphasize Wabash's commitment to innovation and exceptional service across the transportation, logistics, and infrastructure sectors.
Potential Positives
- Appointment of Drew Schwartzhoff as Senior Vice President and Chief Commercial Officer, bringing over 25 years of experience in marketing and business leadership to enhance customer engagement and expand market opportunities.
- Donald Winston appointed as Senior Vice President and Chief Operating Officer, adding more than 25 years of manufacturing leadership experience to drive operational excellence and continuous improvement.
- Leadership changes align with Wabash's growth strategy, signaling a strong commitment to innovation and delivering greater value to customers and partners.
Potential Negatives
- Leadership transition could indicate instability, as Kevin Page, the outgoing Chief Commercial Officer, is stepping down after eight years, which may raise concerns about the continuity of the company’s customer-focused strategy.
- Potential risks highlighted in the Safe Harbor Statement, including product liability actions and economic uncertainty, may create apprehension among investors regarding the future performance of the company.
- The company’s emphasis on the need for strategic execution amidst competitive pressures and uncertain demand could suggest challenges ahead in meeting growth targets.
FAQ
What executive appointments were announced by Wabash?
Wabash announced Drew Schwartzhoff as Senior VP and Chief Commercial Officer, and Donald Winston as Senior VP and Chief Operating Officer.
When do the new executive appointments take effect?
The new executive appointments take effect on January 15, 2025.
Who is Drew Schwartzhoff and what is his role at Wabash?
Drew Schwartzhoff is the Senior VP and Chief Commercial Officer, responsible for leading the commercial organization and enhancing customer engagement.
What is Donald Winston's background prior to joining Wabash?
Donald Winston has over 25 years of manufacturing leadership experience from companies like Ford Motor Company and Novolex before joining Wabash.
What is the significance of these leadership changes for Wabash?
These changes reflect Wabash's commitment to innovation and enhancing value for customers, partners, and stakeholders in the logistics sector.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$WNC Insider Trading Activity
$WNC insiders have traded $WNC stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $WNC stock by insiders over the last 6 months:
- MICHAEL N PETTIT (SVP and Chief Growth Officer) sold 1,500 shares.
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$WNC Hedge Fund Activity
We have seen 100 institutional investors add shares of $WNC stock to their portfolio, and 138 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PACER ADVISORS, INC. removed 2,391,749 shares (-100.0%) from their portfolio in Q3 2024
- CITADEL ADVISORS LLC added 315,771 shares (+191.2%) to their portfolio in Q3 2024
- WINMILL & CO. INC removed 311,500 shares (-100.0%) from their portfolio in Q3 2024
- AQR CAPITAL MANAGEMENT LLC removed 282,217 shares (-58.7%) from their portfolio in Q3 2024
- VANGUARD GROUP INC removed 264,550 shares (-4.7%) from their portfolio in Q3 2024
- EXODUSPOINT CAPITAL MANAGEMENT, LP added 212,075 shares (+inf%) to their portfolio in Q3 2024
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 208,560 shares (-100.0%) from their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
LAFAYETTE, Ind., Jan. 14, 2025 (GLOBE NEWSWIRE) -- Wabash (NYSE: WNC), a leader in end-to-end supply chain solutions for the transportation, logistics and infrastructure markets, today announced key executive appointments effective January 15, 2025, aimed at advancing the company’s growth strategy and delivering greater value to customers, partners and stakeholders.
Drew Schwartzhoff has been named Senior Vice President and Chief Commercial Officer. In this role, he will lead Wabash’s commercial organization, driving initiatives to enhance customer engagement, expand market opportunities and align the company’s innovative solutions with evolving customer needs. Schwartzhoff joined Wabash in 2023, bringing over 25 years of experience in marketing and business leadership. Previously, he held senior marketing roles at C.H. Robinson, a global logistics provider, where he enhanced customer experience and expanded market presence. His expertise spans business-to-business and business-to-consumer marketing, with a strong focus on logistics and supply chain. Schwartzhoff earned a Bachelor of Business Administration in Marketing from St. Cloud State University.
Donald Winston has been named Senior Vice President and Chief Operating Officer. With more than 25 years of manufacturing leadership experience, Winston has a proven track record of driving operational excellence, safety and quality. He joined Wabash in January 2024 as Vice President, Global Operations and was promoted to Senior Vice President later that year. Prior to Wabash, Winston held senior roles at Novolex, Closure Systems International, Ardagh Group and Ford Motor Company, where he developed expertise in building process-oriented operational environments. He holds a Master of Science in Industrial Engineering Technology and a Bachelor of Science in Organizational Leadership and Supervision from Purdue University, along with Executive Leadership Training through Duke Corporate Education.
“Drew and Donald are exceptional leaders who bring a powerful combination of strategic vision and operational expertise to Wabash,” said President and Chief Executive Officer Brent Yeagy. “Drew’s customer-first approach and proven ability to align strategy with execution, paired with Donald’s dedication to operational excellence and continuous improvement, position us to deliver even greater value to our customers and partners as we pursue our growth strategy.”
Kevin Page will retire from his role as Senior Vice President and Chief Commercial Officer after eight years with Wabash. Since joining the company in 2017, Page has played an important role in navigating new opportunities and advancing the company’s customer-focused strategy. To ensure a smooth transition, he will continue in a senior advisory role through June 1.
“Kevin has made significant contributions during his time with Wabash, leaving a lasting legacy of leadership and strategic vision,” Yeagy added. “We are grateful for his dedication and impact on the organization, and we wish him and his family all the best in this next chapter.”
These leadership changes reflect Wabash’s unwavering commitment to driving innovation, delivering exceptional service, and empowering customers and dealers to succeed. With Schwartzhoff and Winston in their new roles, Wabash is poised to continue delivering exceptional value to its customers, partners, and stakeholders while shaping the future of transportation, logistics and infrastructure.
For more information about Wabash’s executive leaders, please visit onewabash.com .
Wabash: Changing How the World Reaches You
®
Wabash (NYSE: WNC) combines physical and digital technologies to deliver innovative, end-to-end solutions that optimize supply chains across transportation, logistics and infrastructure markets. Headquartered in Lafayette, Indiana, Wabash designs, manufactures, and services an extensive range of products supporting first-to-final mile operations, including dry and refrigerated trailers and truck bodies, platform trailers, tank trailers, structural composites and more. In addition, through the Wabash Marketplace and Wabash Parts, customers gain access to a nationwide parts and service network, Trailers as a Service (TaaS)℠, and advanced tools designed to streamline operations and drive growth. By enabling businesses to thrive today and prepare for tomorrow, Wabash is Changing How the World Reaches You
®
. Learn more at
onewabash.com
.
Safe Harbor Statement
This press release contains certain forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements convey the Company’s current expectations or forecasts of future events. All statements contained in this press release other than statements of historical fact are forward-looking statements. These forward-looking statements include, among other things, all statements regarding the Company’s outlook for trailer and truck body shipments, backlog, expectations regarding demand levels for trailers, truck bodies, non-trailer equipment and our other diversified product offerings, pricing, profitability and earnings, cash flow and liquidity, opportunity to capture higher margin sales, new product innovations, our growth and diversification strategies, our expectations for improved financial performance during the course of the year and our expectations with regards to capital allocation. These and the Company’s other forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. Without limitation, these risks and uncertainties include the risks related to the Missouri product liability action and the unfavorable jury verdict, the highly cyclical nature of our business, uncertain economic conditions including the possibility that customer demand may not meet our expectations, our backlog may not reflect future sales of our products, increased competition, reliance on certain customers and corporate partnerships, risks of customer pick-up delays, shortages and costs of raw materials including the impact of tariffs or other international trade developments, risks in implementing and sustaining improvements in the Company’s manufacturing operations and cost containment, dependence on industry trends and timing, supplier constraints, labor costs and availability, customer acceptance of and reactions to pricing changes, costs of indebtedness, and our ability to execute on our long-term strategic plan. Readers should review and consider the various disclosures made by the Company in this press release and in the Company’s reports to its stockholders and periodic reports on Forms 10-K and 10-Q.
Media Contact:
Dana Stelsel
Director, Communications
(765) 771-5766
[email protected]
Investor Relations:
Ryan Reed
Vice President, Corporate Development & Investor Relations
(765) 490-5664
[email protected]