Horizon Global Announces Appointment of John C. Kennedy as Interim President and Chief Executive Officer
Horizon Global Corporation (NYSE: HZN) (the “Company”), announced today that the Company’s Board of Directors (the “Board”) appointed John C. Kennedy as Interim President and Chief Executive Officer. Kennedy will continue to serve as Chair of the Board. This appointment follows the Board’s acceptance of Terrence G. Gohl’s resignation from his executive positions and as a director.
“We remain focused on our strategic alternatives process, with our clear objective being to enhance shareholder value,” stated Kennedy. “We look forward to providing an update on this process when appropriate. Further, as we assess the best long-term path for the Company, we are determined to leverage our best-in-class products and iconic brands to position Horizon Global for sustainable growth and a return to historical profitability levels.”
Kennedy continued, “We would like to thank Terry for his efforts over the last three years. We appreciate his continued support of Horizon Global moving forward.”
About Horizon Global
Headquartered in Plymouth, Michigan, Horizon Global is a leading designer, manufacturer and distributor of a wide variety of high-quality, custom-engineered towing, trailering, cargo management and other related accessory products in North America, Europe and Africa. The Company serves automotive original equipment manufacturers, retailers, dealer networks and the end consumer as the category leader in the automotive, leisure and agricultural market segments. Horizon provides its customers with outstanding products and services that reflect the Company's commitment to market leadership, innovation and operational excellence. The Company’s mission is to utilize forward-thinking technology to develop and deliver premium products for our customers, engage with our employees and create value for our shareholders.
Horizon Global is home to some of the world’s most recognized brands in the towing and trailering industry, including Draw-Tite, Reese, Westfalia, BULLDOG, Fulton and Tekonsha. Horizon Global has approximately 3,500 employees.
For more information, please visit www.horizonglobal.com.
Forward-Looking Statements
This release may contain “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements speak only as of the date they are made and give our current expectations or forecasts of future events. These forward-looking statements can be identified by the use of forward-looking words, such as “may,” “could,” “should,” “estimate,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “target,” “plan” or other comparable words, or by discussions of strategy that may involve risks and uncertainties.
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