Wabash National Corp. CEO Richard Giromini will step down from his position on June 1, 2018, the publicly traded trailer manufacturer reported Friday. Brent Yeagy, currently president and chief operating officer, will become president and CEO, effective June 2, 2018, as part of a planned succession.
Giromini will remain with the company, serving in the role of executive advisor for a year, following which he will retire from Wabash National, the company said.
“Dick Giromini’s leadership of Wabash National Corporation has been quite extraordinary. On behalf of the Board of Directors, I extend to Dick our gratitude and admiration for his many contributions as Wabash National’s Chief Executive Officer,” Dr. Martin Jischke, Chairman of the Board, said in statement. “His impact on Wabash National has been remarkable. The record-setting business performance, the continued development of a talented team of associates, and an unwavering commitment to integrity in all that we do will make his time of company leadership an ongoing source of pride for all who are associated with Wabash National. The Board looks forward to working with our next CEO, Brent Yeagy. Brent is a very talented, energetic, and experienced leader who we are confident will continue Wabash National’s growth and success.”
Giromini called his 15-plus years with Wabash, including these past eleven years as CEO, “a privilege and honor.”
“I feel blessed to have been a part of such a great organization. We have worked diligently from day one to effect a complete transformation of our business from top to bottom, with these efforts culminating in five consecutive years of record performance,” Giromini said. “With this transformation now at a good stage, it’s the perfect time to step down. I am extremely confident that Brent Yeagy is not only well-prepared to take over the reins, but equipped to take our company to greater and greater heights.”