02.12.2015

New CEO for Bronto parent

Bronto Skylift owner Federal Signal has announced the promotion of Jennifer Sherman from chief operating officer to chief executive, as Dennis Martin moves to executive chairman. The current chairman, James Goodwin, will become lead independent (non-executive) director.

In his newly created role Martin will lead the company's board and will remain actively involved in the company's mergers and acquisitions activities, investor relations, and leadership team development.
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Dennis Martin

Jennifer Sherman, 50, joined the company 1994 as corporate attorney, since when she has held a variety of positions of increasing seniority, within the legal, corporate governance and HR areas, including chief administrative officer, general counsel and company secretary.

She was promoted to her current role in May 2014. She is also a non-executive director of Franklin Electric and a member of its management organization and compensation and corporate governance committees.
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Jennifer Sherman

Current chairman James Goodwin said: "On behalf of the entire board, I want to thank Dennis for his stewardship and dedication over the past five years. Through his leadership, he has played a significant role in improving the company's competitive position and has delivered significant value to our employees, customers and shareholders. I look forward to continuing to work closely with Dennis in his new role."

"Our board has prepared for a thoughtful and orderly transition of our leadership. Jennifer's proven track record makes her uniquely qualified to succeed Dennis and lead the company forward. She brings to this role deep and varied experience, including responsibility for strategy, operations and administrative functions spanning 21 years with Federal Signal. She has played a pivotal role in our successful turnaround and has developed strong working relationships with our customers, dealers, employees, investors and financial partners."

Sherman added: "Having worked closely with Dennis and our board over the past several years, I am excited to build upon the successes we have accomplished together with our team. I look forward to supporting our talented employees as we continue to deliver high-quality products and best-in-class customer service, all while continuing to deliver enhanced value for our shareholders."

"Federal Signal is moving forward with this leadership transition from a position of strength. We have a deep bench of talent and, together, we will ensure a seamless transition for the benefit of all our stakeholders, said Martin."