Oshkosh Corporation Names Matthew Field as Chief Financial Officer

Rhea-AI Summary

Oshkosh (NYSE: OSK) has appointed Matthew Field as Chief Financial Officer, effective December 16, 2024. Field brings over 20 years of leadership experience from the automotive and aerospace sectors. He currently serves as CFO at Joby Aviation, where he led the company's public listing in 2021. Previously, Field worked at Ford Motor Company for more than two decades, including as CFO of Ford North America, managing approximately $100 billion in annual revenue. He succeeds Michael Pack, who transitioned to president of the Company's Vocational segment earlier this year.

Positive

• Appointment of experienced CFO with strong background in automotive and aerospace sectors
• New CFO has managed Ford North America's $100B annual revenue division
• Previous experience in leading public listing process at Joby Aviation

Negative

• None.

OSHKOSH, Wis.--(BUSINESS WIRE)-- Oshkosh Corporation (NYSE: OSK), a leading innovator of purpose-built vehicles and equipment, today announced the appointment of Matthew Field as chief financial officer (CFO), effective December 16, 2024. Field will succeed Michael Pack, who transitioned to president of the Company’s Vocational segment earlier this year.

With over 20 years of leadership in the automotive and aerospace sectors, Field brings a strong track record in strategic financial stewardship to Oshkosh. He is currently serving as CFO of Joby Aviation, where he was instrumental in guiding the company through its public listing in 2021, establishing Joby as a leader in electric vertical take-off and landing (eVTOL) technology. Prior to Joby, Field spent more than two decades at Ford Motor Company, including as CFO of Ford North America, Ford’s largest division, representing approximately $100 billion in annual revenue.

“We are pleased to welcome Matt to the organization,” said John Pfeifer, Oshkosh Corporation president and chief executive officer. “Matt is exceptionally well-suited to support our growth strategy. His extensive financial experience, strategic vision and people-first leadership style make him an excellent choice as we work to expand our innovative portfolio and drive long-term value.”

“Oshkosh is an industry leader with cutting-edge products and a best-in-class operating model,” said Field. “I am excited to be a part of the strong Oshkosh culture and to leverage my skills and experience to continue to grow the business, expand margins and deliver long-term value for our customers and shareholders.”

Field holds a Master of Business Administration degree from the Haas School of Business at the University of California, Berkeley and a Bachelor of Arts degree from Swarthmore College.

About Oshkosh Corporation

At Oshkosh (NYSE: OSK), we make innovative, mission-critical equipment to help everyday heroes advance communities around the world. Headquartered in Wisconsin, Oshkosh Corporation employs over 18,000 team members worldwide, all united behind a common purpose: to make a difference in people’s lives. Oshkosh products can be found in more than 150 countries under the brands of JLG®, Pierce®, MAXIMETAL, Oshkosh® S-Series™, Oshkosh® Defense, McNeilus®, IMT®, Jerr-Dan®, Frontline™ Communications, Oshkosh® Airport Products, Oshkosh AeroTech™ and Pratt Miller. For more information, visit oshkoshcorp.com.

®, ™ All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.

Forward Looking Statements

This news release contains statements that the Company believes to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including, without limitation, statements regarding the Company’s future financial position, business strategy, targets, projected sales, costs, earnings, capital expenditures, debt levels and cash flows, and plans and objectives of management for future operations, are forward-looking statements. When used in this news release, words such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “should,” “project” or “plan” or the negative thereof or variations thereon or similar terminology are generally intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions, and other factors, some of which are beyond the Company’s control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include the cyclical nature of the Company’s access equipment, fire apparatus, refuse collection and air transportation equipment markets, which are particularly impacted by the strength of U.S. and European economies and construction seasons; the Company’s estimates of access equipment demand which, among other factors, is influenced by historical customer buying patterns and rental company fleet replacement strategies; the impact of orders and costs on the U.S. Postal Service (USPS) contract; the strength of the U.S. dollar and its impact on Company exports, translation of foreign sales and the cost of purchased materials; risks that a trade war and related tariffs could reduce the competitiveness of the Company’s products; and risks related to the Company’s ability to successfully execute on its strategic road map and meet its long-term financial goals. Additional information concerning these and other factors is contained in the Company’s filings with the Securities and Exchange Commission. All forward-looking statements speak only as of the date of this news release. The Company assumes no obligation, and disclaims any obligation, to update information contained in this news release. Investors should be aware that the Company may not update such information until the Company’s next quarterly earnings conference call, if at all.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241202175821/en/

Financial:

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Senior Vice President, Investor Relations

920.502.3266

Media:

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Senior Manager, Communications and Branding

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Source: Oshkosh Corporation

FAQ

When will Matthew Field start as CFO of Oshkosh (OSK)?

Matthew Field will start as CFO of Oshkosh on December 16, 2024.

What was Matthew Field's previous role before joining Oshkosh (OSK)?

Matthew Field served as CFO of Joby Aviation, where he led the company's public listing in 2021.

Who did Matthew Field replace as CFO at Oshkosh (OSK)?

Matthew Field replaced Michael Pack, who transitioned to president of the Company's Vocational segment earlier this year.

What was Matthew Field's role at Ford Motor Company before Joby Aviation?

Matthew Field served as CFO of Ford North America, Ford's largest division, managing approximately $100 billion in annual revenue.