JLG president set to retire
17 October 2023
JLG president Frank Nerenhausen is set to retire in November, following more than 37 years with parent company Oshkosh.
Nerenhausen’s role will officially come to an end 13 November, when Cummins senior manager Mahesh Narang replaces him as executive vice president and president of Oshkosh Corporation’s Access segment.
Nerenhausen will serve as an advisor to the company until August 2024 to ensure a smooth transition.
In addition, it has been announced that Tim Morris, who has been with JLG since 1992, has been appointed chief commercial officer for JLG Americas.
John Pfeifer, president and chief executive officer of Oshkosh, said Nerenhausen had built a world-class access division, which includes the JLG and Jerr-Dan businesses.
“During his tenure, the Access segment has achieved significant growth and profitability, while introducing progressive innovations that leave our business in an outstanding position with a bright future,” said Pfeifer, “On behalf of the entire Oshkosh team and our Board of Directors, we thank him and wish him the best in his retirement.”
As an experienced global executive, Narang most recently served as vice president and president of Components at Cummins, where he developed the strategic direction and led operations in the Components business.
According to Oshkosh, Narang also grew the business in core diesel markets while expanding into new energy markets, and overseeing mergers and acqusitions that saw the Components business grow by more than 50%.
Pfeifer continued, “We are pleased to welcome an experienced executive of Mahesh’s caliber to Oshkosh. He is a results-driven, people first leader with a track record of driving growth and operational excellence through a clear strategic vision. We are confident that Mahesh will build on the exceptional work and strong momentum underway at Access and look forward to benefitting from his global knowledge.”
Ahead of taking up his new role Narang recognised Oshkosh as one of the most iconic names in the industry, with a 106-year track record, as well as a wide ranging product portfolio. He said, “I am eager to join the company’s People First culture and work alongside such a talented team to advance its strategic initiatives and develop the next generation of purpose-built vehicles and equipment for customers and grow shareholder value.”
On the subject of Morris’s appontment as commercial officer for JLG Americas, Pfeifer added, “In addition, we are taking this opportunity to align the commercial activities of JLG Americas to prepare for future growth.”
Morris will be responsible for overseeing all JLG whole goods and aftermarket commercial business initiatives in the region.
“We have an exceptionally strong bench of talent at our Access segment. Mahesh’s diversified experience combined with the longevity of Tim’s experience and deep customer relationships will allow us to continue our growth trajectory and maintain our market leadership,” Pfeifer concluded.