STOCK TITAN

Alta Equipment Group Elects Colin Wilson as Director

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags

Alta Equipment Group Inc. (ALTG) has elected Colin Wilson to its Board of Directors, effective September 1, 2024. Wilson, 70, brings over 40 years of experience in the materials handling industry, including his role as President and CEO of Hyster-Yale Group until his retirement in January 2020. His term will expire at the Company's annual meeting in 2026.

Wilson's extensive background includes leadership positions in various industry associations, such as the Industrial Truck Association of America and the Materials Handling Institute of America. Alta's CEO, Ryan Greenawalt, praised Wilson's industry knowledge and insights, stating that his experience will be beneficial as the company expands its material handling segment.

Alta Equipment Group Inc. (ALTG) ha eletto Colin Wilson nel proprio Consiglio di Amministrazione, con effetto dal 1 settembre 2024. Wilson, 70 anni, porta con sé oltre 40 anni di esperienza nel settore della movimentazione dei materiali, compreso il suo ruolo di Presidente e CEO del Hyster-Yale Group fino al suo pensionamento nel gennaio 2020. Il suo mandato scadrà durante l'assemblea annuale della Società nel 2026.

Il vasto bagaglio di esperienze di Wilson include posizioni dirigenziali in varie associazioni di settore, come l'Industrial Truck Association of America e il Materials Handling Institute of America. Il CEO di Alta, Ryan Greenawalt, ha elogiato la conoscenza e le intuizioni di Wilson nel settore, affermando che la sua esperienza sarà vantaggiosa mentre l'azienda espande il proprio segmento di movimentazione dei materiali.

Alta Equipment Group Inc. (ALTG) ha elegido a Colin Wilson para su Junta Directiva, con efecto a partir del 1 de septiembre de 2024. Wilson, de 70 años, aporta más de 40 años de experiencia en la industria de manejo de materiales, incluido su papel como Presidente y CEO del Hyster-Yale Group hasta su jubilación en enero de 2020. Su mandato expirará en la reunión anual de la Compañía en 2026.

El extenso historial de Wilson incluye posiciones de liderazgo en varias asociaciones de la industria, como la Asociación de Camiones Industriales de América y el Instituto de Manejo de Materiales de América. El CEO de Alta, Ryan Greenawalt, elogió el conocimiento y las ideas de Wilson en la industria, afirmando que su experiencia será beneficiosa a medida que la empresa expanda su segmento de manejo de materiales.

Alta Equipment Group Inc. (ALTG)Colin Wilson을 이사회의 이사로 선임하였으며, 2024년 9월 1일부터 발효됩니다. 70세인 Wilson은 40년 이상의 자재 취급 산업 경험을 보유하고 있으며, 2020년 1월 은퇴할 때까지 Hyster-Yale Group의 사장 겸 CEO로 활동했습니다. 그의 임기는 회사의 연례 회의가 열리는 2026년에 만료됩니다.

Wilson의 광범위한 배경에는 미국 산업 트럭 협회 및 미국 자재 취급 연구소와 같은 다양한 산업 협회의 리더직이 포함됩니다. Alta의 CEO인 Ryan Greenawalt는 Wilson의 산업 지식과 통찰력을 칭찬하며, 그의 경험이 회사가 자재 취급 부문을 확장하는 데 유익할 것이라고 언급했습니다.

Alta Equipment Group Inc. (ALTG) a élu Colin Wilson à son Conseil d'Administration, prenant effet à partir du 1er septembre 2024. Wilson, âgé de 70 ans, possède plus de 40 ans d'expérience dans l'industrie de la manutention des matériaux, y compris son rôle de Président et Directeur Général du Hyster-Yale Group jusqu'à sa retraite en janvier 2020. Son mandat expirera lors de l'assemblée annuelle de la société en 2026.

Le parcours étendu de Wilson comprend des postes de direction dans diverses associations professionnelles, telles que l'Industrial Truck Association of America et le Materials Handling Institute of America. Le PDG d'Alta, Ryan Greenawalt, a loué les connaissances et les idées de Wilson dans l'industrie, en affirmant que son expérience sera bénéfique alors que l'entreprise élargit son segment de manutention des matériaux.

Alta Equipment Group Inc. (ALTG) hat Colin Wilson in seinen Verwaltungsrat gewählt, der am 1. September 2024 wirksam wird. Wilson, 70 Jahre alt, bringt über 40 Jahre Erfahrung in der Materialhandelsbranche mit, einschließlich seiner Rolle als Präsident und CEO der Hyster-Yale Group bis zu seinem Rücktritt im Januar 2020. Seine Amtszeit endet auf der Hauptversammlung des Unternehmens im Jahr 2026.

Wilson hat umfangreiche Erfahrungen in Führungspositionen verschiedener Branchenverbände, wie der Industrial Truck Association of America und dem Materials Handling Institute of America. Der CEO von Alta, Ryan Greenawalt, lobte Wilsons Branchenwissen und Einblicke und erklärte, dass seine Erfahrung vorteilhaft sein wird, während das Unternehmen sein Materialhandling-Segment erweitert.

Positive
  • Addition of experienced industry veteran Colin Wilson to the Board of Directors
  • Wilson's extensive 40+ years of experience in the materials handling industry
  • Potential for strategic insights to support Alta's expansion in the material handling segment
Negative
  • None.

LIVONIA, Mich., Sept. 04, 2024 (GLOBE NEWSWIRE) -- On September 1, 2024, the Board of Directors (the “Board”) of Alta Equipment Group Inc. (the “Company”) elected Colin Wilson to join the Board of the Company, effective immediately, filling a vacancy. Mr. Wilson was elected to the class of directors whose term expires at the Company’s annual meeting of shareholders in 2026.

Mr. Wilson, age 70, has over 40 years of experience in the materials handling industry. He began his career in 1970 with Coles Cranes in Sunderland, England, where he worked in production engineering, marketing, product management and overseas licensing. After time with a compressor company and a European lift truck competitor, Mr. Wilson joined Hyster-Yale Group (formerly NACCO Materials Handling Group), a global company whose primary business is lift trucks with annual revenues over $4 billion, in 1988 as European Sales and Marketing Director for the Yale brand and had roles of increasing responsibility culminating in his role as the President and Chief Executive Officer in September 2014. Mr. Wilson held the President and Chief Executive Officer role at Hyster-Yale Group until January 2020, when he retired. Mr. Wilson graduated with a Bachelor of Science Degree in Mechanical Engineering from Sunderland Polytechnic (now the University of Sunderland). Mr. Wilson served on the Executive Committee and Board of Directors of the Industrial Truck Association of America (ITA), is the past chairman and board member of the Materials Handling Institute of America (MHI) and has also served as a member of the Material Handling Equipment Distributors Association’s Board of Advisors (MHEDA) and as President of the British Industrial Truck Association (BITA).

“Colin is a proven leader in the material handling business, and he possesses unmatched industry knowledge and insights into our unique strategy,” said Ryan Greenawalt, Chief Executive Officer and Chairman. “His experience will be very beneficial as we continue to expand this strategic segment of our business. We welcome Colin to the Alta family.”

“I am excited to join the Board of Alta and contribute to the Company’s impressive growth strategy,” said Mr. Wilson. “Alta has a leading position in the material handling market and significant opportunities exist to further expand this stable and profitable business segment."

About Alta Equipment Group Inc.
Alta owns and operates one of the largest integrated equipment dealership platforms in North America. Through our branch network, we sell, rent, and provide parts and service support for several categories of specialized equipment, including lift trucks and other material handling equipment, heavy and compact earthmoving equipment, crushing and screening equipment, environmental processing equipment, cranes and aerial work platforms, paving and asphalt equipment, other construction equipment and allied products. Alta has operated as an equipment dealership for 40 years and has developed a branch network that includes over 85 total locations across Michigan, Illinois, Indiana, Ohio, Pennsylvania, Massachusetts, Maine, Connecticut, New Hampshire, Vermont, Rhode Island, New York, Virginia, Nevada and Florida and the Canadian provinces of Ontario and Quebec. Alta offers its customers a one-stop-shop for their equipment needs through its broad, industry-leading product portfolio. More information can be found at www.altg.com.

Contacts

Investors:
Kevin Inda
SCR Partners, LLC
kevin@scr-ir.com
(225) 772-0254

Media:
Glenn Moore
Alta Equipment
glenn.moore@altg.com
(248) 305-2134


FAQ

Who is Colin Wilson and why was he elected to Alta Equipment Group's Board?

Colin Wilson is a 70-year-old industry veteran with over 40 years of experience in the materials handling industry. He was elected to Alta Equipment Group's Board due to his extensive knowledge and insights into the material handling business, which aligns with Alta's growth strategy in this segment.

When does Colin Wilson's term on Alta Equipment Group's (ALTG) Board expire?

Colin Wilson's term on Alta Equipment Group's (ALTG) Board is set to expire at the Company's annual meeting of shareholders in 2026.

What was Colin Wilson's most recent position before joining Alta Equipment Group's Board?

Colin Wilson's most recent position before joining Alta Equipment Group's Board was President and Chief Executive Officer of Hyster-Yale Group, a role he held from September 2014 until his retirement in January 2020.

How does Alta Equipment Group (ALTG) expect to benefit from Colin Wilson's appointment?

Alta Equipment Group (ALTG) expects to benefit from Colin Wilson's appointment through his unmatched industry knowledge and insights into their unique strategy. His experience is anticipated to be very beneficial as the company continues to expand its strategic material handling segment.

Alta Equipment Group Inc.

NYSE:ALTG

ALTG Rankings

ALTG Latest News

ALTG Stock Data

265.22M
20.19M
26.59%
69.77%
9.2%
Rental & Leasing Services
Wholesale-industrial Machinery & Equipment
Link
United States of America
LIVONIA