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Oshkosh appoints new President at JLG

Having completed its acquisition of JLG yesterday, Oshkosh has appointed Charles L. Szews its executive vice president and chief financial officer, as the interim president of JLG.

Szews will lead the integration of JLG into Oshkosh, he will also continue to act in his current capacity as executive vice president and chief financial officer of Oshkosh Truck.

The Company expects that the following executives will stay with the company:

Craig Paylor, senior vice president of sales and marketing.

Peter L. Bonafede, senior vice president of manufacturing and
supply chain management.

Wayne P. MacDonald, senior vice president of engineering.

Adittionally no changes are expected to the International management and operations at JLG, which are likely to prove to be a major asset to Oshkosh.

Robert G. Bohn chairman, president and CEO of Oshkosh said:
"The integration of JLG is a top priority of the corporation and our appointment of Charlie Szews as JLG's interim president reflects that importance. Furthermore, we are excited to have a large group of key JLG executives remain with us to continue running the business while we collectively work together to realize cost synergies and operational improvements in a global market,"

"I am confident in our ability to make a smooth transition based on the history of successful acquisitions we've made during the previous decade."

"Oshkosh expects to integrate JLG by applying its successful method of cross-functional collaboration. We have eight operational teams, with members from both Oshkosh and JLG, leading the integration initiative and focused on specific near- and long-term objectives. Planning is well underway and we are pleased with initial progress. In addition, the Company is enlisting external consulting resources in select areas to spur velocity and provide expertise in effective integration,"

"The similar cultures and shared values of our organizations are integral to this process, and we expect they will enhance productivity throughout the integration process."