Blue Bird Announces Resignation of President; Phil Horlock to Remain as President and CEO
Blue Bird (Nasdaq: BLBD) has announced the resignation of Britton Smith from his position as President, effective September 28, 2024. Smith, who is stepping down for personal reasons, will also leave the Company's Board of Directors immediately. Phil Horlock, the current CEO, will assume the additional role of President, continuing his nearly 14-year leadership of the company.
Blue Bird, known for its electric and low-emission school buses, remains committed to its profitable growth plan, focusing on clean alternative-powered school buses and delivering value to stakeholders. The company's Board of Directors expressed gratitude for Smith's contributions and wished him well in his future endeavors.
Blue Bird (Nasdaq: BLBD) ha annunciato le dimissioni di Britton Smith dalla sua posizione di Presidente, con effetto dal 28 settembre 2024. Smith, che si dimette per motivi personali, lascerà anche il Consiglio di Amministrazione della società immediatamente. Phil Horlock, l'attuale CEO, assumerà il ruolo aggiuntivo di Presidente, continuando la sua leadership che dura quasi 14 anni.
Blue Bird, conosciuta per i suoi autobus scolastici elettrici e a basse emissioni, rimane impegnata nel suo piano di crescita redditizia, concentrandosi sugli autobus scolastici alimentati con alternative pulite e fornendo valore agli stakeholder. Il Consiglio di Amministrazione dell'azienda ha espresso gratitudine per i contributi di Smith e gli ha augurato successo nelle sue future imprese.
Blue Bird (Nasdaq: BLBD) ha anunciado la renuncia de Britton Smith a su cargo de Presidente, efectivo el 28 de septiembre de 2024. Smith, quien renuncia por razones personales, también dejará inmediatamente la Junta Directiva de la empresa. Phil Horlock, el actual CEO, asumirá el rol adicional de Presidente, continuando con su liderazgo de casi 14 años en la compañía.
Blue Bird, conocida por sus autobuses escolares eléctricos y de bajas emisiones, sigue comprometida con su plan de crecimiento rentable, enfocándose en autobuses escolares propulsados por alternativas limpias y ofreciendo valor a las partes interesadas. La Junta Directiva de la empresa expresó su agradecimiento por las contribuciones de Smith y le deseó lo mejor en sus futuros emprendimientos.
Blue Bird (Nasdaq: BLBD)는 Britton Smith가 2024년 9월 28일부터 대통령직에서 사퇴한다고 발표했습니다. 개인적인 사유로 사임하는 Smith는 즉시 회사 이사회도 떠납니다. 현재 CEO인 Phil Horlock는 추가로 대통령 직을 맡아 거의 14년간의 회사 리더십을 계속합니다.
청정 대체 연료로 운영되는 전기 및 저배출 학교 버스로 잘 알려진 Blue Bird는 수익성 있는 성장 계획에 전념하며 이해관계자에게 가치를 제공하고 있습니다. 회사 이사회는 Smith의 기여에 감사하며 그의 미래의 노력에 행운이 있기를 기원했습니다.
Blue Bird (Nasdaq: BLBD) a annoncé la démission de Britton Smith de son poste de Président, effective le 28 septembre 2024. Smith, qui démissionne pour des raisons personnelles, quittera également immédiatement le Conseil d'Administration de la société. Phil Horlock, l'actuel PDG, assumera le rôle supplémentaire de Président, poursuivant ainsi son leadership de près de 14 ans au sein de l'entreprise.
Blue Bird, connue pour ses bus scolaires électriques et à faibles émissions, reste engagée dans son plan de croissance rentable, en se concentrant sur des bus scolaires alimentés par des alternatives propres et en offrant de la valeur aux parties prenantes. Le Conseil d'Administration de l'entreprise a exprimé sa gratitude pour les contributions de Smith et lui a souhaité du succès dans ses futurs projets.
Blue Bird (Nasdaq: BLBD) hat den Rücktritt von Britton Smith von seiner Position als Präsident bekannt gegeben, der am 28. September 2024 wirksam wird. Smith, der aus persönlichen Gründen zurücktritt, wird auch umgehend den Vorstand des Unternehmens verlassen. Phil Horlock, der derzeitige CEO, wird die zusätzliche Rolle des Präsidenten übernehmen und seine nahezu 14-jährige Führung des Unternehmens fortsetzen.
Blue Bird, bekannt für seine elektrischen und emissionsarmen Schulbusse, bleibt seinem profitablen Wachstumsplan verpflichtet, konzentriert sich auf umweltfreundlich angetriebene Schulbusse und bietet den Interessengruppen Wert. Der Vorstand des Unternehmens sprach Smith Dank für seine Beiträge aus und wünschte ihm alles Gute für seine zukünftigen Unternehmungen.
- CEO Phil Horlock, with nearly 14 years of experience leading the company, will assume the additional role of President, ensuring leadership continuity
- Blue Bird reaffirms its commitment to executing its profitable growth plan
- The company maintains its focus on leading in the deployment of clean alternative-powered school buses
- Resignation of President Britton Smith may lead to short-term leadership transition challenges
- Loss of Smith's experience and insights from the Board of Directors
Mr. Smith has decided to step down for personal reasons. The Company respects his decision and wishes him well in his future endeavors. Mr. Smith will step down from the Company’s Board of Directors, effective immediately.
“On behalf of the Board of Directors and the entire Blue Bird team, I want to express our gratitude to Britton for his leadership and contributions to the Company,” said Doug Grimm, Chairman of the Board. “We wish him all the best in the future.”
Following Mr. Smith’s departure, Blue Bird’s current Chief Executive Officer, Phil Horlock, will assume the additional role of President and continue to lead the Company, as he has for nearly 14 years.
“It has been an honor to serve as President of Blue Bird,” said Britton Smith. “My decision to step down is driven by personal reasons and I need to focus on these important aspects of my life at this time. I want to extend my heartfelt thanks to our employees and partners for their support during my tenure.”
Blue Bird remains focused on executing its profitable growth plan, leading in the deployment of clean alternative-powered school buses and delivering value for its shareholders, customers, dealers and employees.
About Blue Bird Corporation
Blue Bird (NASDAQ: BLBD) is recognized as a technology leader and innovator of school buses since its founding in 1927. Our dedicated team members design, engineer and manufacture school buses with a singular focus on safety, reliability, and durability. School buses carry the most precious cargo in the world – 25 million children twice a day – making them the most trusted mode of student transportation. The company is the proven leader in low- and zero-emission school buses with more than 20,000 propane, natural gas, and electric powered buses in operation today. Blue Bird is transforming the student transportation industry through cleaner energy solutions. For more information on Blue Bird's complete product and service portfolio, visit www.blue-bird.com.
Forward Looking Statements
This press release includes forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to expectations for future financial performance, business strategies or expectations for our business. Specifically, forward-looking statements include statements in this press release regarding earnings growth and Blue Bird’s future positioning and may include other statements preceded by, followed by or that include the words “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “target” or similar expressions
These forward-looking statements are based on information available as of the date of this press release, and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. The factors described above, as well as risk factors described in reports filed with the SEC by us (available at www.sec.gov), could cause our actual results to differ materially from estimates or expectations reflected in such forward-looking statements.
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Blue Bird Investor Contact
Mark Benfield
Investor Relations
M: +1.478.822.2315
Mark.Benfield@blue-bird.com
Source: Blue Bird Corporation
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