Wabash Appoints Sudhanshu Priyadarshi to Board of Directors

Rhea-AI Summary

Wabash (NYSE: WNC) has appointed Sudhanshu Priyadarshi to its Board of Directors, enhancing its leadership team. Priyadarshi brings extensive global finance and operations experience from various industries, including tech and logistics. He has previously served as CFO at Keurig Dr Pepper and has held significant positions at Walmart and PepsiCo. His role on the Audit and Compensation Committees will strengthen the board's independent oversight. This appointment marks a strategic move for Wabash as it continues its transformation in the transportation and logistics sector.

Positive

• Sudhanshu Priyadarshi's extensive experience in finance and operations enhances board capabilities.
• His background in global eCommerce and logistics aligns with Wabash's strategic goals.
• The appointment may drive long-term value for shareholders.

Negative

• None.

LAFAYETTE, Ind., Nov. 18, 2022 (GLOBE NEWSWIRE) -- Wabash (NYSE: WNC) and its Board of Directors are pleased to announce the appointment of Sudhanshu Priyadarshi to the company’s Board of Directors.

Mr. Priyadarshi is a global finance and operations leader with extensive experience in the tech, logistics, e-commerce, retail, consumer packaged goods, and pharmaceutical industries in the U.S., Asia and Australia. He currently serves as Chief Financial Officer at Keurig Dr Pepper.

Prior to joining Keurig Dr Pepper, he was Senior Vice President and Chief Financial Officer at Vista Outdoor, Inc., a leading global designer, manufacturer and marketer of consumer products in the outdoor sports and recreation markets. His career and leadership experience includes serving as Chief Financial Officer of Flexport, a digital freight forwarder; Vice President of Finance for Walmart U.S. eCommerce; Vice President, Finance and Strategy at Walmart U.S.; Global Chief Operating Officer of Cipla, a $10 billion market cap publicly traded global generic pharmaceutical company; and CFO of Global R&D and Global Nutrition Platforms at PepsiCo.

“We look forward to Sudhanshu’s contributions, as he brings a wealth of knowledge and experience in global ecommerce and tech,” said Larry J. Magee, Wabash Chairman of the Board. “Sudhanshu further bolsters our already strong Board and will undoubtedly help us drive long-term value for Wabash shareholders as we continue our transformation and strategic growth as a visionary leader in the transportation, distribution and logistics industry.”

Mr. Priyadarshi will serve on the Board’s Audit and Compensation Committees. His appointment brings Wabash’s Board of Directors to nine members. With the exception of Wabash’s President and Chief Executive Officer Brent Yeagy, the directors qualify as independent directors under the listing standards of the New York Stock Exchange, Inc. and the company’s Corporate Governance Guidelines.

“I’m honored to join the company’s Board and look forward to working with my fellow directors and the Wabash leadership team,” Mr. Priyadarshi commented. “I can already see that Wabash is building on an established legacy of innovation to change the future of how goods are transported and distributed. I’m excited to be part of that journey in my new Board position.”

Wabash: Changing How the World Reaches You
As the innovation leader of connected solutions for the transportation, logistics and distribution industries, Wabash (NYSE: WNC) is Changing How the World Reaches You^®. Headquartered in Lafayette, Indiana, the company’s mission is to enable customers to succeed with breakthrough ideas and solutions that help them move everything from first to final mile. Wabash designs and manufactures a diverse range of products, including: dry freight and refrigerated trailers, platform trailers, tank trailers, dry and refrigerated truck bodies, structural composite panels and products, trailer aerodynamic solutions, and specialty food grade processing equipment. Learn more at www.onewabash.com.

Media Contact:
Dana Stelsel
Director, Communications
(765) 771-5766
dana.stelsel@onewabash.com

Investor Relations:
Ryan Reed
Sr. Director, Corporate Development & Investor Relations
(765) 490-5664
ryan.reed@onewabash.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/88f5d358-b39c-4dac-a0eb-78a9398507cb

FAQ

Who is Sudhanshu Priyadarshi, and what is his role at Wabash?

Sudhanshu Priyadarshi is a new board member at Wabash, bringing expertise from various industries. He will serve on the Audit and Compensation Committees.

What industries has Sudhanshu Priyadarshi worked in before joining Wabash?

Priyadarshi has worked in tech, logistics, e-commerce, retail, consumer packaged goods, and pharmaceuticals.

How does Sudhanshu Priyadarshi's appointment affect Wabash's future?

His extensive experience is expected to enhance strategic direction and long-term shareholder value for Wabash.

When was Sudhanshu Priyadarshi appointed to Wabash's Board of Directors?

He was appointed on November 18, 2022.

What are the key responsibilities of Sudhanshu Priyadarshi at Wabash?

He will serve on the Audit and Compensation Committees, contributing to board oversight and strategic decision-making.