WillScot Announces Executive Leadership Transitions
WillScot (Nasdaq: WSC) announced key executive leadership changes effective January 1st, 2025. Tim Boswell, current President and CFO, will transition to the newly created role of Chief Operating Officer, overseeing long-term strategic initiatives and execution across WillScot's portfolio. Matt Jacobsen, Senior Vice President of Finance, has been promoted to Chief Financial Officer.
The transitions follow a twelve-month comprehensive evaluation of strategy and leadership structure with the Board and external advisors. CEO Brad Soultz emphasized these changes aim to better position the company for scaling and growth while delivering value for stakeholders. Jacobsen's promotion comes after a thorough search process that included both internal and external candidates, highlighting his 14-year tenure with WillScot and expertise in reporting, data analytics, capital markets, M&A, and systems integration.
WillScot (Nasdaq: WSC) ha annunciato importanti cambiamenti nella leadership esecutiva che entreranno in vigore il 1° gennaio 2025. Tim Boswell, attuale Presidente e CFO, passerà al nuovo ruolo di Chief Operating Officer, supervisionando le iniziative strategiche a lungo termine e l'esecuzione nel portafoglio di WillScot. Matt Jacobsen, Vice Presidente Senior delle Finanze, è stato promosso a Chief Financial Officer.
I cambiamenti seguono un'analisi complessiva della strategia e della struttura di leadership durata dodici mesi, condotta con il Consiglio e consulenti esterni. Il CEO Brad Soultz ha sottolineato che queste modifiche mirano a posizionare meglio l'azienda per la scalabilità e la crescita, offrendo al contempo valore agli stakeholder. La promozione di Jacobsen arriva dopo un attento processo di selezione che ha incluso candidati sia interni che esterni, evidenziando i suoi 14 anni di esperienza con WillScot e la sua competenza in reporting, analisi dei dati, mercati dei capitali, fusioni e acquisizioni e integrazione dei sistemi.
WillScot (Nasdaq: WSC) anunció cambios clave en el liderazgo ejecutivo que entrarán en vigor el 1 de enero de 2025. Tim Boswell, actual Presidente y CFO, pasará a desempeñar el nuevo cargo de Director de Operaciones, supervisando las iniciativas estratégicas a largo plazo y la ejecución en el portafolio de WillScot. Matt Jacobsen, Vicepresidente Senior de Finanzas, ha sido ascendido a Director Financiero.
Las transiciones siguen a una evaluación exhaustiva de la estrategia y la estructura de liderazgo realizada durante doce meses con la Junta y asesores externos. El CEO Brad Soultz enfatizó que estos cambios tienen como objetivo posicionar mejor a la empresa para escalar y crecer, al mismo tiempo que entrega valor a los interesados. La promoción de Jacobsen se produce tras un meticuloso proceso de búsqueda que incluyó tanto candidatos internos como externos, destacando sus 14 años de experiencia con WillScot y su experiencia en informes, análisis de datos, mercados de capitales, fusiones y adquisiciones, e integración de sistemas.
WillScot (Nasdaq: WSC)는 2025년 1월 1일부터 시행될 주요 임원 리더십 변경 사항을 발표했습니다. Tim Boswell 현재 사장 겸 CFO는 신설된 COO(최고 운영 책임자) 역할로 전환하여 WillScot 포트폴리오 전반에 걸친 장기 전략 이니셔티브와 실행을 감독하게 됩니다. Matt Jacobsen은 재무 고위 부사장에서 CFO로 승진했습니다.
이번 전환은 이사회 및 외부 자문과 함께 실시한 12개월간의 포괄적인 전략 및 리더십 구조 평가에 따른 것입니다. CEO 브래드 소울츠는 이러한 변화가 회사를 확장 및 성장에 더 잘 위치시키고 이해관계자에게 가치를 제공하는 것을 목표로 한다고 강조했습니다. Jacobsen의 승진은 내부 및 외부 후보를 모두 포함하는 철저한 검색 과정 후에 이루어졌으며, WillScot에서 14년 동안의 경력과 보고, 데이터 분석, 자본 시장, M&A 및 시스템 통합에 대한 전문성을 강조합니다.
WillScot (Nasdaq: WSC) a annoncé des changements clés dans la direction exécutive, prenant effet le 1er janvier 2025. Tim Boswell, président et CFO actuel, passera au nouveau poste de directeur des opérations, supervisant les initiatives stratégiques à long terme et l'exécution au sein du portefeuille de WillScot. Matt Jacobsen, vice-président senior des finances, a été promu directeur financier.
Ces transitions font suite à une évaluation approfondie de la stratégie et de la structure de leadership sur une période de douze mois avec le conseil d'administration et des conseillers externes. Le PDG Brad Soultz a souligné que ces changements visent à mieux positionner l'entreprise pour sa mise à l'échelle et sa croissance tout en offrant de la valeur aux parties prenantes. La promotion de Jacobsen intervient après un processus de recherche rigoureux incluant des candidats internes et externes, mettant en évidence ses 14 ans d'expérience chez WillScot et son expertise en reporting, analyse de données, marchés de capitaux, fusions et acquisitions et intégration de systèmes.
WillScot (Nasdaq: WSC) hat wichtige Veränderungen in der Geschäftsleitung angekündigt, die am 1. Januar 2025 wirksam werden. Tim Boswell, der derzeitige Präsident und CFO, wird in die neu geschaffene Rolle des Chief Operating Officer wechseln, der die langfristigen strategischen Initiativen und die Umsetzung im Portfolio von WillScot überwacht. Matt Jacobsen, Senior Vice President für Finanzen, wurde zum Chief Financial Officer befördert.
Die Übergänge folgen einer umfassenden zwölfmonatigen Evaluierung der Strategie und der Führungsstruktur mit dem Vorstand und externen Beratern. CEO Brad Soultz betonte, dass diese Veränderungen darauf abzielen, das Unternehmen besser für Skalierung und Wachstum zu positionieren und gleichzeitig den Stakeholdern Wert zu bieten. Jacobsens Beförderung erfolgt nach einem gründlichen Auswahlprozess, der interne und externe Kandidaten einbezog und seine 14-jährige Tätigkeit bei WillScot sowie seine Expertise in den Bereichen Reporting, Datenanalyse, Kapitalmärkte, M&A und Systemintegration hervorhebt.
- Creation of COO position indicates structured approach to growth management
- Internal promotion to CFO position demonstrates strong talent pipeline
- Strategic reorganization aligns with company's growth objectives
- Smooth transition plan with defined timeline (January 1st, 2025)
- None.
Tim Boswell to Assume Newly Created Role of Chief Operating Officer
Matt Jacobsen Promoted to Chief Financial Officer
PHOENIX, Dec. 11, 2024 (GLOBE NEWSWIRE) -- WillScot Holdings Corp. (“WillScot” or the “Company”) (Nasdaq: WSC), a leader in innovative flexible space solutions, today announced executive leadership transitions to further align its management structure with its strategic priorities and future growth objectives. Tim Boswell, currently President and Chief Financial Officer, will transition into the newly created role of Chief Operating Officer. In this role, Tim will be responsible for overseeing the Company’s long-term strategic initiatives and advancing execution across WillScot’s portfolio. Concurrently, Senior Vice President of Finance, Matt Jacobsen, has been promoted to Chief Financial Officer. Both transitions will be effective on January 1st, 2025.
“Over the past twelve months, we have worked closely with our Board and external advisors to conduct a comprehensive evaluation of our strategy and leadership structure. Our goal has been to ensure we are well-positioned to scale and grow our business for the future, while continuing to deliver value for all stakeholders,” said Brad Soultz, Chief Executive Officer of WillScot. “To that end, we continue to add new functional talent in areas like Commercial Excellence and our Centralized Services to support our outstanding field leadership, ensure we have a best-in-class team capable of delivering upon our aspirations, and consistently deliver the industry’s best customer experience. As our portfolio continues to expand, it also became clear that we needed to formalize a Chief Operating Officer role to focus on execution across our multiple growth levers. Tim has been instrumental in architecting our long-term strategy, including a clearly defined value creation roadmap. Transitioning into the COO role will allow him to focus fully on executing against that roadmap and will position us well for further growth. The Board and I are confident that Tim’s leadership in this new capacity will drive meaningful impact across our platform.”
Added Mr. Soultz, “We are equally excited to promote Matt Jacobsen to Chief Financial Officer following a thorough search process conducted by a leading executive recruitment firm, which included both internal and external candidates. Matt’s deep financial expertise, demonstrated leadership, and extensive knowledge of our business make him uniquely qualified to oversee our financial function. Over his 14 years with WillScot, Matt has consistently excelled and earned the respect of our entire organization, including in his most recent role as Senior Vice President of Finance, where he has been instrumental in our reporting and data analytics, capital markets, M&A, business process improvement, and systems integration initiatives. Matt’s promotion also highlights the deep bench of talent that we have developed at WillScot. The entire Board and I are thrilled to have Matt step into this role.”
About Tim Boswell
Tim became our Chief Financial Officer in November 2017 when Williams Scotsman spun out of its predecessor company and listed on the Nasdaq as WillScot Corporation. Tim was previously Vice President, Finance and Treasurer of Williams Scotsman International, where he was responsible for the Company’s North American finance, strategy and IT functions. He also previously served as the Company’s Chief of Staff to the CEO, oversaw its Canadian operations, and served as Vice President of Strategy and Business Development, where he was responsible for the development and execution of strategic initiatives, pricing, value-added products and services, and marketing. Prior to joining Algeco Scotsman in June 2012, Tim was a Vice President of Sterling Partners, a Chicago-based private equity firm with
About Matt Jacobsen
Matt has served as our Senior Vice President of Finance since July 2020 when WillScot Corporation merged with Mobile Mini. In this capacity, he has led our Financial Planning and Analysis, Treasury, and Business Intelligence functions, while serving as a member of our senior leadership team. Matt joined our predecessor company, Williams Scotsman, in November 2010 and has held roles of increasing responsibility within the Finance and Accounting function in both our field and corporate operations. Prior to joining Williams Scotsman, Matt worked for six years in public accounting within Deloitte’s audit practice. Matt holds a Bachelor of Arts degree in Business Administration with an Accounting concentration and a Masters degree in Professional Accounting, both from the University of Washington Foster School of Business.
About WillScot
Listed on the Nasdaq stock exchange under the ticker symbol “WSC,” WillScot is the premier provider of highly innovative and turnkey space solutions in North America. The Company’s comprehensive range of products includes modular office complexes, mobile offices, classrooms, temporary restrooms, portable storage containers, protective buildings and climate-controlled units, and clearspan structures, as well as a curated selection of furnishings, appliances, and other supplementary services, ensuring turnkey solutions for its customers. Headquartered in Phoenix, Arizona, and operating from a network of approximately 260 branch locations and additional drop lots across the United States, Canada, and Mexico, WillScot’s business services are essential for diverse customer segments spanning all sectors of the economy.
Forward-Looking Statements
This press release contains forward-looking statements (including the guidance/outlook contained herein) within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended. The words "estimates," "expects," "anticipates," "believes," "forecasts," "plans," "intends," "may," "will," "should," "shall," "outlook," "guidance," "see," "have confidence" and variations of these words and similar expressions identify forward-looking statements, which are generally not historical in nature. Certain of these forward-looking statements include statements relating to: our mergers and acquisitions pipeline, acceleration of our run rate, acceleration toward and the timing of our achievement of our three to five year milestones, growth and acceleration of cash flow, driving higher returns on invested capital, and Adjusted EBITDA margin expansion. Forward-looking statements are subject to a number of risks, uncertainties, assumptions and other important factors, many of which are outside our control, which could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Although the Company believes that these forward-looking statements are based on reasonable assumptions, they are predictions and we can give no assurance that any such forward-looking statement will materialize. Important factors that may affect actual results or outcomes include, among others, our ability to acquire and integrate new assets and operations; our ability to judge the demand outlook; our ability to achieve planned synergies related to acquisitions; our ability to successfully execute our growth strategy, manage growth and execute our business plan; our estimates of the size of the markets for our products; the rate and degree of market acceptance of our products; the success of other competing modular space and portable storage solutions that exist or may become available; rising costs and inflationary pressures adversely affecting our profitability; potential litigation involving our Company; general economic and market conditions impacting demand for our products and services and our ability to benefit from an inflationary environment; our ability to maintain an effective system of internal controls; and such other risks and uncertainties described in the periodic reports we file with the SEC from time to time (including our Form 10-K for the year ended December 31, 2023), which are available through the SEC’s EDGAR system at www.sec.gov and on our website. Any forward-looking statement speaks only at the date on which it is made, and the Company disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Additional Information and Where to Find It
Additional information can be found on the company's website at www.willscot.com.
| Contact Information | |
| Investor Inquiries: | Media Inquiries: |
| Nick Girardi | Jake Saylor |
| investors@willscot.com | jake.saylor@willscot.com |
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