PLYMOUTH—Horizon Global Corp. (NYSE: HZN) announced the appointment of John C. Kennedy as interim president and CEO by the company’s board, which Kennedy will also continue to chair
This appointment follows the board’s acceptance of Terrence G. Gohl’s resignation from his executive positions and as a director.
“We remain focused on our strategic alternatives process, with our clear objective being to enhance shareholder value,” Kennedy said. “We look forward to providing an update on this process when appropriate. Further, as we assess the best long-term path for the company, we are determined to leverage our best-in-class products and iconic brands to position Horizon Global for sustainable growth and a return to historical profitability levels. We would like to thank Terry for his efforts over the last three years. We appreciate his continued support of Horizon Global moving forward.”
Headquartered in Plymouth, Horizon Global designs, manufactures, and distributes towing, trailering, cargo management and other related accessory products in North America, Europe and Africa. The company serves automotive original equipment manufacturers, retailers, dealer networks and the end consumer. Its brands include Draw-Tite, Reese, Westfalia, Bulldog, Fulton and Tekonsha. The company has approximately 3,500 employees.
More at www.horizonglobal.com.