Oshkosh, the owner of JLG, has announced that chief financial officer David Sagehorn will retire in April after 12 years in the role. He joined the company from Case (CNH Global) in March 2000 as an executive vice president.
He will serve as an external advisor for the 12 months following his retirement in order to ensure a smooth transition to his replacement Michael Pack, who is currently vice president of finance in Oshkosh’s Fire & Emergency division.
Pack joined the group in 2006 and has been in his current role since 2012. Prior to that he has worked with JLG and other divisions of Oshkosh. He was previously a senior audit manager with Grant Thornton.
Chief executive Wilson Jones said: “On behalf of our board, leadership team and everyone at Oshkosh, I would like to thank Dave for his hard work, selfless service and dedication during his 20 year career with the company, throughout which he has served with the utmost integrity. During his tenure, Dave has helped Oshkosh successfully navigate some of the most pivotal moments in our history, including managing through the global financial crisis, playing a key role in developing our successful MOVE strategy, and implementing value creation strategies that have helped drive record sales, earnings growth and a strong balance sheet. We wish him all the best as he transitions into retirement.”
Sagehorn added: “It has been a privilege to work alongside the most dedicated and talented people in the business, and I am proud of all that we have achieved over the past two decades. With the company’s strong financial position and exceptional team, I have decided that now is the right time to retire to spend more time with my family. I will continue to support Wilson, Mike and the entire Oshkosh organisation, and I look forward to working together over the coming months to achieve a seamless transition.”
Jones continued: “We are pleased to announce Mike as our next chief financial officer. His appointment is a reflection of our succession planning process and the leadership and talent across our company. He is a proven and trusted leader with excellent business and financial acumen who has made significant contributions to the strength and vitality of Oshkosh. The board and I are confident that Mike is the right addition to our leadership team as we continue to strengthen our People First culture and execute our MOVE strategy to deliver sustainable long-term growth and value for shareholders.”