New CEO for Shyft Group

NOVI–The Novi-based specialty vehicle manufacturer Shyft Group (NASDAQ: SHYF) announced that it has appointed John Dunn president and CEO of the company.

Dunn, who previously served as president of Shyft’s fleet vehicles and services, will also join the board of directors.

John Dunn. Shyft Group photo.

In connection with the company’s previously announced leadership transition plan, Daryl Adams, current president and CEO, will step down from his role and resign from the board. Adams will remain with the company in an advisory capacity for six months to ensure a smooth transition.

“I am proud of how our team has transformed Shyft into an industry leader in our attractive end markets of last-mile delivery and infrastructure,” Adams said. “Since I joined Shyft in 2014, we have demonstrated our ability to execute through changing market conditions while driving operational improvements, investing in innovation, and delivering value to our customers and shareholders. Shyft is well-positioned with a growing roster of innovative brands with strong prospects. I look forward to working closely with John, ensuring a seamless leadership transition.”

“The Shyft Board is pleased to name John as CEO of Shyft following a deliberate and comprehensive succession process,” said James Sharman, chair of The Shyft board of directors. “John is a proven leader with a track record of building and driving high-performing teams. He has extensive experience in manufacturing, operations, product development, and customer relations. We look forward to collaborating with John to deliver shareholder value as we enter the next phase of our transformation.”

“I am honored that the Board has entrusted me to lead Shyft as we accelerate our strategic vision, enhance product quality and innovation, and expand our customer reach,” Dunn said. “I am confident in our team’s resilience and ability to deliver great products across our leading brands, increase shareholder value, and strengthen Shyft’s workplace culture.”

Dunn joined Shyft in January 2023 as president of fleet vehicles and services. Prior to joining Shyft, he served as president and CEO of the Americas for Plastic Omnium, a French automotive plastics supplier that had €9.5 billion of revenue in 2022. He previously held various leadership positions at Brose, including president of North America, a global Tier 1 automotive supplier that equips half of the new cars worldwide across its 68 locations. Dunn holds a master of science in industrial engineering from the University of Wisconsin and a bachelor of science in industrial engineering from Purdue University.

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