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Blue Bird’s Gurminder Bedi Steps Down from Board of Directors After Long Tenure

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Blue Bird (Nasdaq: BLBD) announced that Gurminder Bedi will resign from its board of directors, effective June 26, 2024, after a nine-year tenure. Bedi, who joined Blue Bird's board in 2015 as an independent director, had a 30-year career with Ford Motor Company. At Ford, he served as vice president of the North American Truck business, president of Ford Argentina and Brazil, and head of North American Quality, among other roles. CEO Phil Horlock expressed gratitude for Bedi's contributions, emphasizing his impact on Blue Bird's leadership in student transportation. Bedi also expressed appreciation for the company and his board colleagues.

Positive
  • None.
Negative
  • Gurminder Bedi's resignation may lead to a gap in experience and continuity.
  • The departure comes at a critical time, potentially affecting strategic initiatives.

MACON, Ga.--(BUSINESS WIRE)-- Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and low-emission school buses, announced today that Gurminder Bedi has resigned from its board of directors, effective June 26, 2024, following a nine-year tenure.

Bedi joined the company’s board in 2015 as an independent director after a 30-year career with Ford Motor Company. At Ford, he served as the vice president of the North American Truck business and was responsible for vehicle development and business strategy. He also held other senior management positions, including president of Ford Argentina and Brazil, head of North American Quality and a variety of other leadership roles in product development, manufacturing and strategy.

“We are grateful to Gurminder Bedi for his exceptional service to Blue Bird. Over nearly a decade, Gurminder drew from his in-depth knowledge of the automotive industry and financial expertise to contribute to Blue Bird’s continued leadership in student transportation,” said Phil Horlock, CEO of Blue Bird Corporation. “We will miss Gurminder and wish him success in his future endeavors.”

“I thank Blue Bird and my fellow board members for the constructive collaboration and friendship over the years,” said Gurminder Bedi. “Blue Bird is a great company and a leader in the school bus industry, and I am looking forward to watching its continued success.”

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.

Investor Contact

Mark Benfield

Blue Bird Corporation

T: +1.478.822.2315

E: Mark.Benfield@blue-bird.com

Source: Blue Bird Corporation

FAQ

When is Gurminder Bedi resigning from Blue Bird's board of directors?

Gurminder Bedi is resigning from Blue Bird's board of directors effective June 26, 2024.

What was Gurminder Bedi's role before joining Blue Bird's board?

Before joining Blue Bird's board, Gurminder Bedi had a 30-year career with Ford Motor Company, serving as vice president of the North American Truck business and president of Ford Argentina and Brazil, among other roles.

What impact did Gurminder Bedi have on Blue Bird ?

Gurminder Bedi contributed significantly to Blue Bird's leadership in student transportation, drawing from his extensive automotive industry knowledge and financial expertise.

How long did Gurminder Bedi serve on Blue Bird's board of directors?

Gurminder Bedi served on Blue Bird's board of directors for nine years, from 2015 to 2024.

What is Blue Bird 's NASDAQ ticker symbol?

Blue Bird 's NASDAQ ticker symbol is BLBD.

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