"The continued evolution of 'lean' practices and cost reduction programs throughout the corporation are a priority for us, aimed at enhancing our best-in-class operations. Chris has exhibited decisive leadership and brings with him a driven, results-oriented mindset and extensive operations management expertise. He's an excellent choice to lead the expansion of our lean programs on a corporate-wide basis," said Robert G. Bohn, Oshkosh's chairman, president and chief executive officer.
Hacker, previously manager of Oshkosh's lean development team, has held positions of increasing responsibility within Oshkosh Truck's operations management since joining the company as assistant plant manager in 2001. Before becoming a charter member of Oshkosh's lean initiative, he managed production associated with the company's United Kingdom Heavy Equipment Transporter contract. Hacker holds a B.S. in industrial technology from the University of Wisconsin - Stout and is a certified Jonah.
Hacker will report directly to Thomas Fenner, Oshkosh's chief procurement officer.
Oshkosh Truck Corporation (NYSE:OSK) is a leading manufacturer of specialty trucks and truck bodies for the defense, fire and emergency, concrete placement and refuse hauling markets. Oshkosh Truck is a Fortune 1000 company with products marketed under the Oshkosh(R), Pierce(R), McNeilus(R), Medtec(TM), Geesink(R), Norba(R), Jerr-Dan(R), BAI, CON-E-CO(R) and London(R) brand names. The company is headquartered in Oshkosh, Wis., and had annual sales of $2.26 billion in fiscal 2004.
For more information about Oshkosh Truck Corporation, log onto the company web site at www.oshkoshtruckcorporation.com.
Forward-Looking Statements
This press release contains statements that the company believes are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including statements regarding the company's future financial position, business strategy, targets, projected sales, costs, earnings, capital spending and debt levels, and plans and objectives of management for future operations, are forward-looking statements. When used in this press release, words such as the company "expects," "intends," "estimates," "anticipates," or "believes" and similar expressions are generally intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions and other factors, some of which are beyond the company's control, that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include, without limitation, risks related to reductions in government expenditures, the uncertainty of government contracts, risks related to the Company's acquisition strategy including identifying and evaluating acquisition candidates and integrating acquired businesses, and the possibility that expected synergies and other cost savings will not be achieved nor future plans realized. Additional information concerning these and other factors is contained in the company's filings with the Securities and Exchange Commission.
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