Horizon Global Appoints Donna M. Costello to Board of Directors
June 22 2021 - 4:00PM
Business Wire
Horizon Global Corporation (NYSE: HZN), the world’s leading
manufacturer of branded towing and trailering equipment, announced
today that the Company’s Board of Directors appointed Donna M.
Costello as a Director, effective June 16, 2021. Ms. Costello was
appointed to the Board’s Audit Committee.
Ms. Costello has extensive experience as both a public company
executive and board member, with deep financial expertise and a
proven track record as a strategic business leader across multiple
industries. Ms. Costello previously served as Chief Financial
Officer of C&D Technologies (“C&D”), a manufacturer and
marketer of systems for power conversion and storage of electrical
power, from 2016 to 2020. Prior to joining C&D, Ms. Costello
served as Chief Financial Officer of Sequa Corporation, a
diversified industrial with businesses across the aerospace,
automotive, energy and metals industries, from 2008 to 2015.
Ms. Costello currently serves as a director of CTS Corporation,
a manufacturer of sensors, actuators and electronic components for
a wide range of industries, where she serves on both the
Compensation and Audit Committees. Ms. Costello also serves as a
director and member of the Audit Committee of Neenah, Inc., a
global specialty materials producer of performance-based products,
and provider of fine paper and packaging products worldwide.
John C. Kennedy, Chair of Horizon Global’s Board of Directors,
stated, “We are excited to welcome Donna to the Board. Donna’s
broad financial expertise and strategic mindset will be great
assets to Horizon Global. We look forward to Donna’s immediate
contributions as we continue to improve the business and create
long-term value for our shareholders.”
About Horizon Global
Headquartered in Plymouth, MI, Horizon Global is the #1
designer, manufacturer and distributor of a wide variety of
high-quality, custom-engineered towing, trailering, cargo
management and other related accessory products in North America
and Europe. The Company serves OEMs, retailers, dealer networks and
the end consumer as the category leader in the automotive, leisure
and agricultural market segments. Horizon provides its customers
with outstanding products and services that reflect the Company's
commitment to market leadership, innovation and operational
excellence. The Company’s mission is to utilize forward-thinking
technology to develop and deliver best in-class products for our
customers, engage with our employees and realize value creation for
our shareholders.
Horizon Global is home to some of the world’s most recognized
brands in the towing and trailering industry, including: Draw-Tite,
Reese, Westfalia, BULLDOG, Fulton and Tekonsha. Horizon Global has
approximately 4,000 employees.
For more information, please visit www.horizonglobal.com.
Forward-Looking
Statements
This release contains “forward-looking statements” as defined in
the Private Securities Litigation Reform Act of 1995.
Forward-looking statements contained herein speak only as of the
date they are made and give our current expectations or forecasts
of future events. These forward-looking statements can be
identified by the use of forward-looking words, such as “may,”
“could,” “should,” “estimate,” “project,” “forecast,” “intend,”
“expect,” “anticipate,” “believe,” “target,” “plan” or other
comparable words, or by discussions of strategy that may involve
risks and uncertainties. These forward-looking statements are
subject to numerous assumptions, risks and uncertainties which
could materially affect our business, financial condition or future
results including, but not limited to, risks and uncertainties with
respect to: the impact of the COVID-19 pandemic on the Company’s
business, results of operations, financial condition and liquidity;
liabilities and restrictions imposed by the Company’s debt
instruments; market demand; competitive factors; supply constraints
and shipping disruptions; material and energy costs; technology
factors; litigation; government and regulatory actions including
the impact of any tariffs, quotas, or surcharges; the Company’s
accounting policies; future trends; general economic and currency
conditions; various conditions specific to the Company’s business
and industry; the success of the Company’s action plan, including
the actual amount of savings and timing thereof; the success of the
Company’s business improvement initiatives in Europe-Africa,
including the amount of savings and timing thereof; the Company’s
exposure to product liability claims from customers and end users,
and the costs associated therewith; factors affecting the Company’s
business that are outside of its control, including natural
disasters, pandemics, including the current COVID-19 pandemic,
accidents and governmental actions; the Company’s ability to
maintain compliance with the New York Stock Exchange’s continued
listing standards; and other risks that are discussed in the
Company’s most recent Annual Report on Form 10-K. The risks
described herein are not the only risks facing our Company.
Additional risks and uncertainties not currently known to us or
that we currently deemed to be immaterial also may materially
adversely affect our business, financial position and results of
operations or cash flows. We caution readers not to place undue
reliance on such statements, which speak only as of the date
hereof. We do not undertake any obligation to review or confirm
analysts’ expectations or estimates or to release publicly any
revisions to any forward-looking statement to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events.
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version on businesswire.com: https://www.businesswire.com/news/home/20210622006012/en/
Jeff Tryka, CFA Investor Relations, Lambert & Co. (616)
295-2509 jtryka@horizonglobal.com
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