WillScot Announces Appointment of Worthing Jackman to Board of Directors
October 22 2024 - 7:00AM
WillScot Holdings Corporation (“WillScot” or the “Company”)
(Nasdaq: WSC), a leader in innovative flexible space and storage
solutions, today announced the appointment of Worthing Jackman to
the WillScot Board of Directors, effective October 22, 2024.
Erik Olsson, Chairman of WillScot, commented, “We are pleased to
welcome Worthing Jackman to the WillScot Board, as part of our
Board’s ongoing refreshment efforts. Mr. Jackman’s appointment
demonstrates our commitment to enhancing and diversifying skills,
expertise, and knowledge as WillScot continues to execute its
growth strategy and enhance its financial and operational
performance. He is a seasoned leader with a proven track record of
long-term growth, execution and shareholder value creation,
bringing extensive operational expertise and capital markets
leadership.”
Brad Soultz, Chief Executive Officer of WillScot, commented,
“Worthing brings a diversified leadership experience, having held a
number of key roles where he was instrumental in shaping financial
and operational strategies within the industrial services sector.
He brings to the Board a combination of leadership experience in
strategy, finance, and organizational development, which will
further support WillScot as we continue to drive profitable growth
and enhance value for our stakeholders.”
Mr. Jackman will serve as a member of the Audit Committee.
About Worthing Jackman
Mr. Jackman, age 60, served as CEO and a
Director of Waste Connections (NYSE/TSX: WCN), one of the largest
integrated solid waste services companies in the United States and
Canada, from July 2019 until April 2023, and as President from July
2018 to April 2023. He previously served as its CFO from September
2004 until July 2018 and as VP – Finance and Investor Relations
from April 2003 until August 2004. From 1991 until April 2003, Mr.
Jackman held various investment banking positions with Alex. Brown
& Sons, now Deutsche Bank Securities, Inc., including most
recently as a Managing Director within the Global Industrial and
Environmental Services Group. Mr. Jackman has served as a Director
of Quanta Services (NYSE: PWR), a leading provider of specialized
infrastructure solutions to the utility, renewable energy,
technology, communications, pipeline and energy industries, since
May 2005. Mr. Jackman has diversified leadership experience in
businesses that share important characteristics with WillScot, and
his appointment adds another Qualified Financial Expert to our
Audit Committee. He holds a B.S. degree in Finance from Syracuse
University and an M.B.A. from the Harvard Business School.
About WillScot
Listed on the Nasdaq stock exchange under the
ticker symbol “WSC,” WillScot is the premier provider of highly
innovative and turnkey space solutions in North America. The
Company’s comprehensive range of products includes modular office
complexes, mobile offices, classrooms, temporary restrooms,
portable storage containers, protective buildings and
climate-controlled units, and clearspan structures, as well as a
curated selection of furnishings, appliances, and other
supplementary services, ensuring turnkey solutions for its
customers. Headquartered in Phoenix, Arizona, and operating from a
network of approximately 260 branch locations and additional drop
lots across the United States, Canada, and Mexico, WillScot’s
business services are essential for diverse customer segments
spanning all sectors of the economy.
Forward-Looking Statements
This press release contains forward-looking
statements (including the guidance/outlook contained herein) within
the meaning of the U.S. Private Securities Litigation Reform Act of
1995 and Section 21E of the Securities Exchange Act of 1934, as
amended. The words "estimates," "expects," "anticipates,"
"believes," "forecasts," "plans," "intends," "may," "will,"
"should," "shall," "outlook," "guidance," "see," "have confidence"
and variations of these words and similar expressions identify
forward-looking statements, which are generally not historical in
nature. Certain of these forward-looking statements include
statements relating to: our mergers and acquisitions pipeline,
acceleration of our run rate, acceleration toward and the timing of
our achievement of our three to five year milestones, growth and
acceleration of cash flow, driving higher returns on invested
capital, and Adjusted EBITDA margin expansion. Forward-looking
statements are subject to a number of risks, uncertainties,
assumptions and other important factors, many of which are outside
our control, which could cause actual results or outcomes to differ
materially from those discussed in the forward-looking statements.
Although the Company believes that these forward-looking statements
are based on reasonable assumptions, they are predictions and we
can give no assurance that any such forward-looking statement will
materialize. Important factors that may affect actual results or
outcomes include, among others, our ability to acquire and
integrate new assets and operations; our ability to judge the
demand outlook; our ability to achieve planned synergies related to
acquisitions; our ability to successfully execute our growth
strategy, manage growth and execute our business plan; our
estimates of the size of the markets for our products; the rate and
degree of market acceptance of our products; the success of other
competing modular space and portable storage solutions that exist
or may become available; rising costs and inflationary pressures
adversely affecting our profitability; potential litigation
involving our Company; general economic and market conditions
impacting demand for our products and services and our ability to
benefit from an inflationary environment; our ability to maintain
an effective system of internal controls; and such other risks and
uncertainties described in the periodic reports we file with the
SEC from time to time (including our Form 10-K for the year ended
December 31, 2023), which are available through the SEC’s EDGAR
system at www.sec.gov and on our website. Any forward-looking
statement speaks only at the date on which it is made, and the
Company disclaims any obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
Additional Information and Where to Find It
Additional information can be found on the
company's website at www.willscot.com.
Contact
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Investor
Inquiries: |
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Media
Inquiries: |
Nick Girardi |
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Jake Saylor |
investors@willscot.com |
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jake.saylor@willscot.com |
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