Mayville Engineering Company, Inc. Announces Appointment of Rachele Lehr as Chief Human Resources Officer

Rhea-AI Summary

Mayville Engineering Company (NYSE: MEC) announced the appointment of Rachele Lehr as the Chief Human Resources Officer, effective March 13, 2023. Lehr will oversee the company’s HR strategy, focusing on talent acquisition, development, and engagement. With a decade of experience in the manufacturing sector, her previous role was Senior VP at Briggs & Stratton. CEO Jag Reddy emphasized that her expertise will enhance talent management and drive business transformation. MEC, established in 1945, provides value-added manufacturing services across diverse markets, bolstered by 20 facilities in seven states.

Positive

• Appointment of Rachele Lehr as Chief Human Resources Officer expected to enhance talent acquisition and employee engagement.
• Lehr brings extensive experience in human resources and strategic transformation from a major industry player.

Negative

• None.

MAYVILLE, Wis.--(BUSINESS WIRE)-- Mayville Engineering Company (NYSE: MEC, the “Company” or “MEC”), a leading U.S.-based value-added manufacturing partner that provides a full suite of services from concept to production, today announced the appointment of Rachele Lehr as the Chief Human Resources Officer, effective March 13, 2023. Lehr will report directly to President and Chief Executive Officer, Jag Reddy, and will lead the Company’s Human Resources strategy, including, talent acquisition, talent development, total rewards, change management, employee engagement, and improvement of the overall HR operating system.

Lehr brings to MEC a decade of human resource leadership experience within the machinery and manufacturing industry. Throughout her career, Lehr has been integral in leading strategic transformations within large manufacturing organizations.

“We are pleased to welcome Rachele to MEC’s executive leadership team,” said Jag Reddy, President and CEO of Mayville Engineering Company. “Rachele is an experienced executive with a track record of building and leading impactful teams in both Human Resources and other functions. She will play a crucial role in improving the recruitment and retention of critical talent and will drive strategic transformation, as we execute MEC’s long-term growth strategy.”

“I am excited to join the MEC team during this period of strategic business transformation,” stated Lehr. “MEC is a high-performance, employee-driven organization, with a team committed to long-term value creation. I look forward to contributing to this next phase of organizational growth.”

Previously, Lehr was the Senior Vice President of Human Resources and Administration for Briggs & Stratton. She spent nearly 15 years at Briggs & Stratton, joining as a member of the internal audit team in 2008 followed by finance and human resources roles of increasing scope and complexity. In 2015 Lehr became the Vice President of Human Resources where she led a strategic transformation and alignment of the HR function, which included succession planning, implementation of performance-based compensation structures, human resources information systems and other associated process improvements. Prior to joining Briggs & Stratton, Lehr was a Sales Controller for Bar-S Foods from 2005 to 2008. Lehr began her career with PricewaterhouseCoopers, LLP in 1999 where she held various roles in the firm’s audit practice working with multi-national and domestic organizations across a variety of different industries.

Ms. Lehr holds a Bachelor of Science in Business Administration with a Major in Accounting from Marquette University.

ABOUT MAYVILLE ENGINEERING COMPANY

Founded in 1945, MEC is a leading U.S.-based value-added manufacturing partner that provides a broad range of prototyping and tooling, production fabrication, coating, assembly and aftermarket components. Our customers operate in diverse end markets, including heavy- and medium-duty commercial vehicles, construction & access equipment, powersports, agriculture, military, and other end markets. Along with process engineering and development services, MEC maintains an extensive manufacturing infrastructure with 20 facilities across seven states.

MEC produces metal components that are used in a broad range of heavy- and medium-duty commercial vehicles, construction, powersports, agricultural, military and other products. For more information, please visit www.mecinc.com.

FORWARD-LOOKING STATEMENTS

This press release contains certain forward-looking statements that reflect plans and beliefs. These forward-looking statements, which are included in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, may involve known and unknown risks, uncertainties and other factors that may cause MEC’s actual results and performance to be materially different from any future results or performance, including, among others, the risk factors described in our reports filed or expected to be filed with the SEC. Any forward-looking statement or statement of belief speaks only as of the date of this press release. We undertake no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230313005161/en/

INVESTOR RELATIONS CONTACT

Stefan Neely or Noel Ryan

(615) 844-6248

MEC@val-adv.com

Source: Mayville Engineering Company

FAQ

What is the significance of Rachele Lehr's appointment at MEC?

Rachele Lehr's appointment as Chief Human Resources Officer is aimed at improving talent acquisition and retention while driving strategic transformation within MEC.

When did Rachele Lehr start her role at Mayville Engineering Company?

Rachele Lehr officially began her role as Chief Human Resources Officer on March 13, 2023.

What experience does Rachele Lehr bring to MEC?

Lehr has over a decade of HR leadership experience, including her previous role as Senior Vice President of Human Resources at Briggs & Stratton.

How will Rachele Lehr's role impact MEC's growth strategy?

Lehr's role is crucial for enhancing HR functions, which will support MEC's long-term growth strategy through improved talent management.

What is Mayville Engineering Company's main business focus?

MEC specializes in value-added manufacturing services, providing a wide range of fabrication, coating, assembly, and aftermarket components for various industries.