OSHKOSH, Wis.--(BUSINESS WIRE)--Oshkosh Corporation (NYSE: OSK), a leading manufacturer of specialty vehicles and vehicle bodies, announced today that its Board of Directors chairman Richard M. (Dick) Donnelly, was named Non-Executive Chairman of the Year by the New York Stock Exchange (NYSE) Governance Services. This is the third year of this prestigious award, which was given out at the NYSE’s Annual Governance, Risk and Compliance (GRC) Leadership Awards program held June 8 in New York City. NYSE or NASDAQ listed companies are eligible for the award.
“NYSE Governance Services would like to congratulate the individuals and organizations that have truly exemplified the highest standards of compliance, ethics and governance. Their dedication and noteworthy achievements truly set the bar for best practices and standards in corporate governance, which plays an integral role in a company’s success and long-term value to its shareholders,” said Adam Sodowick, President, NYSE Governance Services.
“Dick is a great asset for our Company,” said Wilson R. Jones, Oshkosh Corporation president and chief executive officer. “He is an accomplished leader with an unquestionable commitment to strong corporate governance. Oshkosh has benefited greatly from his service as we continually strive to create long term shareholder value. It is an honor and privilege to work closely with him."
Mr. Donnelly has served as a director of the Company since 2001 and as chairman since 2011. From 1961 until his retirement in 1999, he held various positions with General Motors Corporation, a manufacturer of motor vehicles, including most recently as President and Group Executive of General Motors, Europe, a division of General Motors Corporation. From 2000 through September 2009, Mr. Donnelly served as an Industrial Partner in Ripplewood Holdings LLC, a private equity investment firm located in New York, N.Y., where he was responsible for its global automotive supply portfolio. He was also chairman of Niles Co., Ltd. and Honsel International Technologies S.A., and serves as a Trustee of Colonial Williamsburg Foundation.
Oshkosh Corporation was also recognized at the event for the 2016 Best Governance, Risk, and Compliance Program at a Small to Mid-Cap Company. Oshkosh was chosen based on the Company’s commitment to maintaining a governance, risk and compliance program that is clearly ingrained throughout the culture of the company.
The GRC Leadership Awards celebrate and recognize exemplary companies and individuals exceeding the requirements of governance, regulation, and compliance; aiming for and obtaining excellence in their respective fields; and serving as models for other companies to emulate.
About NYSE Governance Services
NYSE Governance Services is the leading governance, compliance, and education solutions provider for companies and their boards of directors. Through a complete set of technology-enabled and data-driven solutions designed to address compliance, accountability, and risk management, NYSE Governance Services helps companies comprehensively build a culture of integrity from employee to board level. NYSE Governance Services is a subsidiary of the New York Stock Exchange Group, an Intercontinental Exchange company (NYSE:ICE). For more information, connect with us at nyse.com/governance, @nysegov or LinkedIn.
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About Oshkosh Corporation
Oshkosh Corporation is a leading designer, manufacturer and marketer of a broad range of access equipment, commercial, fire & emergency, military and specialty vehicles and vehicle bodies. Oshkosh Corporation manufactures, distributes and services products under the brands of Oshkosh®, JLG®, Pierce®, McNeilus®, Jerr-Dan®, Frontline™, CON-E-CO®, London® and IMT®. Oshkosh products are valued worldwide by rental companies, concrete placement and refuse businesses, fire & emergency departments, municipal and airport services and defense forces, where high quality, superior performance, rugged reliability and long-term value are paramount. For more information, visit www.oshkoshcorporation.com.
®, ™ All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.
This press 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 press 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.