Oshkosh Corporation Announces Access Segment Leadership Transition

Oshkosh Corporation (NYSE: OSK), a leading innovator of purpose-built vehicles and equipment, today announced that Frank Nerenhausen will retire effective November 13, 2023, following more than 37 years with the company. Mahesh Narang has been appointed to succeed Nerenhausen as executive vice president and president of the Access segment. Nerenhausen will serve as an advisor to the company through August 2024 to ensure a smooth transition.

“Frank has built a world-class Access team, successfully leading our JLG and Jerr-Dan businesses 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. “On behalf of the entire Oshkosh team and our Board of Directors, we thank him and wish him the best in his retirement.”

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.

In his long and successful career at Cummins, Narang held a number of cross-functional positions of increasing responsibility. 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, “We are pleased to welcome an experienced executive of Mahesh’s caliber to Oshkosh. He is a results-driven, people first leader with a track record of driving growth and operational excellence through a clear strategic vision. We are confident that Mahesh will build on the exceptional work and strong momentum underway at Access and look forward to benefitting from his global knowledge.”

“Oshkosh is one of the most iconic names in the industry with a 106-year track record of success as well as an unparalleled product portfolio and technology engine,” said Narang. “I am eager to join the company’s People First culture and work alongside such a talented team to advance its strategic initiatives and develop the next generation of purpose-built vehicles and equipment for customers and grow shareholder value.”