CHARLOTTE, Mich., May 24, 2017 /PRNewswire/ -- Spartan
Motors, Inc. (NASDAQ: SPAR) ("Spartan" or the "Company"), a global
leader in specialty chassis and vehicle design, manufacturing and
assembly, today announced that James A.
Sharman has been elected by its Board to serve as Chairman
of the Board, effective immediately. Sharman will succeed
Hugh Sloan, who is retiring from
this role which he has served in since 2010.
"On behalf of our employees, the entire management team, and our
Board of Directors, I would like to thank Hugh for his leadership
and support as we've navigated our way through the unique
challenges and opportunities that have faced Spartan Motors over
the last several years," said Daryl
Adams, President and Chief Executive Officer. "During his
leadership, Spartan has thrived through tough economic times and
has emerged well positioned for even greater success in the future.
Hugh's wide-ranging experience and unending pursuit of our
shareholders' interests is an inspiration to us all."
Sharman joined the Spartan Board in February 2016 as an Independent Director and
brings a diverse background to the role, including executive and
leadership positions in supply chain management/logistics, business
management, and private equity companies. He currently serves as
the Chief Operating Officer of Coyote Logistics, LLC. Prior to
that, he spent several years as Principal of Truecast Capital, LLC.
His work history includes President and CEO of World Kitchen, Inc.
and Rubicon Technology, as well as VP General Manager, Latin America, for the Case Corporation. He
has also served as the Commanding Officer of an Engineering Company
in the U.S. Army and was an Assistant Professor at the United States Military Academy, West Point.
"I would also like to formally welcome Jim to his new role,"
added Adams. "He has been an excellent resource since joining our
Board and we are confident that he will help us grow the company in
the future."
"I'm thrilled to be appointed to this position and honored to
have had the opportunity to learn from Hugh's great leadership and
wealth of experience this past year," said Jim Sharman, Chairman of the Board. "I'm
extremely confident in the ability of the Board, the management
team, and all of the employees at Spartan Motors to support the
momentum that's building as we execute on some of the most exciting
growth opportunities in Spartan's history."
About Spartan Motors
Spartan Motors, Inc. is a leading
designer, engineer, manufacturer and marketer of a broad range of
specialty vehicles, specialty chassis, vehicle bodies and parts for
the fleet and delivery, recreational vehicle (RV), emergency
response, defense forces and contract assembly (light/medium duty
truck) markets. The Company's brand names — Spartan Motors, Spartan
Specialty Vehicles, Spartan Emergency Response, Spartan Parts and
Accessories; Smeal® and its family of brands, including Ladder
Tower™ and UST®; and Utilimaster®, a Spartan Motors Company — are
known for quality, durability, performance, customer service and
first-to-market innovation. The Company employs approximately 2,200
associates and operates facilities in Michigan, Indiana, Pennsylvania, Missouri, Wisconsin, Nebraska, South
Dakota; Saltillo, Mexico;
and Lima, Peru. Spartan reported
sales of $591 million in 2016. Visit
Spartan Motors at www.spartanmotors.com.
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SOURCE Spartan Motors, Inc.