Oshkosh Corporation Announces Access Segment Leadership Transition
Oct. 17, 2023
Frank Nerenhausen To Retire Following More than 37 Years with
Mahesh Narang Appointed Executive Vice President and President of Access Segment.
“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
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
Pfeifer continued, “We are pleased to welcome an experienced executive of Mahesh’s caliber to
“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.”
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Forward Looking Statements
This news 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 news 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. These factors include the Company's ability to successfully integrate the AeroTech acquisition and to realize the anticipated benefits associated with the same; the risks associated with international operations and sales, including compliance with the Foreign Corrupt Practices Act; the Company’s ability to comply with complex laws and regulations applicable to
Senior Vice President, Investor Relations