Euro Zone financial news

Horizon World Appoints Donna M. Costello to Board of Administrators

PLYMOUTH, Mich.–(BUSINESS WIRE)–Horizon World Company (NYSE: HZN), the world’s main producer of branded towing and trailering gear, introduced in the present day that the Firm’s Board of Administrators appointed Donna M. Costello as a Director, efficient June 16, 2021. Ms. Costello was appointed to the Board’s Audit Committee.

Ms. Costello has intensive expertise as each a public firm government and board member, with deep monetary experience and a confirmed observe document as a strategic enterprise chief throughout a number of industries. Ms. Costello beforehand served as Chief Monetary Officer of C&D Applied sciences (“C&D”), a producer and marketer of methods for energy conversion and storage {of electrical} energy, from 2016 to 2020. Previous to becoming a member of C&D, Ms. Costello served as Chief Monetary Officer of Sequa Company, a diversified industrial with companies throughout the aerospace, automotive, power and metals industries, from 2008 to 2015.

Ms. Costello at present serves as a director of CTS Company, a producer of sensors, actuators and digital elements for a variety of industries, the place she serves on each the Compensation and Audit Committees. Ms. Costello additionally serves as a director and member of the Audit Committee of Neenah, Inc., a worldwide specialty supplies producer of performance-based merchandise, and supplier of high-quality paper and packaging merchandise worldwide.

John C. Kennedy, Chair of Horizon World’s Board of Administrators, acknowledged, “We’re excited to welcome Donna to the Board. Donna’s broad monetary experience and strategic mindset will likely be nice property to Horizon World. We sit up for Donna’s quick contributions as we proceed to enhance the enterprise and create long-term worth for our shareholders.”

About Horizon World

Headquartered in Plymouth, MI, Horizon World is the #1 designer, producer and distributor of all kinds of high-quality, custom-engineered towing, trailering, cargo administration and different associated accent merchandise in North America and Europe. The Firm serves OEMs, retailers, vendor networks and the top shopper because the class chief within the automotive, leisure and agricultural market segments. Horizon supplies its clients with excellent services that replicate the Firm’s dedication to market management, innovation and operational excellence. The Firm’s mission is to make the most of forward-thinking know-how to develop and ship greatest in-class merchandise for our clients, have interaction with our workers and notice worth creation for our shareholders.

Horizon World is house to a few of the world’s most acknowledged manufacturers within the towing and trailering trade, together with: Draw-Tite, Reese, Westfalia, BULLDOG, Fulton and Tekonsha. Horizon World has roughly 4,000 workers.

For extra info, please go to www.horizonglobal.com.

Ahead-Trying Statements

This launch comprises “forward-looking statements” as outlined within the Personal Securities Litigation Reform Act of 1995. Ahead-looking statements contained herein communicate solely as of the date they’re made and provides our present expectations or forecasts of future occasions. These forward-looking statements will be recognized by means of forward-looking phrases, corresponding to “could,” “may,” “ought to,” “estimate,” “undertaking,” “forecast,” “intend,” “anticipate,” “anticipate,” “consider,” “goal,” “plan” or different comparable phrases, or by discussions of technique that will contain dangers and uncertainties. These forward-looking statements are topic to quite a few assumptions, dangers and uncertainties which may materially have an effect on our enterprise, monetary situation or future outcomes together with, however not restricted to, dangers and uncertainties with respect to: the influence of the COVID-19 pandemic on the Firm’s enterprise, outcomes of operations, monetary situation and liquidity; liabilities and restrictions imposed by the Firm’s debt devices; market demand; aggressive components; provide constraints and transport disruptions; materials and power prices; know-how components; litigation; authorities and regulatory actions together with the influence of any tariffs, quotas, or surcharges; the Firm’s accounting insurance policies; future developments; normal financial and foreign money circumstances; numerous circumstances particular to the Firm’s enterprise and trade; the success of the Firm’s motion plan, together with the precise quantity of financial savings and timing thereof; the success of the Firm’s enterprise enchancment initiatives in Europe-Africa, together with the quantity of financial savings and timing thereof; the Firm’s publicity to product legal responsibility claims from clients and finish customers, and the prices related therewith; components affecting the Firm’s enterprise which might be outdoors of its management, together with pure disasters, pandemics, together with the present COVID-19 pandemic, accidents and governmental actions; the Firm’s capability to take care of compliance with the New York Inventory Alternate’s continued itemizing requirements; and different dangers which might be mentioned within the Firm’s most up-to-date Annual Report on Type 10-Ok. The dangers described herein usually are not the one dangers dealing with our Firm. Further dangers and uncertainties not at present identified to us or that we at present deemed to be immaterial additionally could materially adversely have an effect on our enterprise, monetary place and outcomes of operations or money flows. We warning readers to not place undue reliance on such statements, which communicate solely as of the date hereof. We don’t undertake any obligation to assessment or verify analysts’ expectations or estimates or to launch publicly any revisions to any forward-looking assertion to replicate occasions or circumstances after the date hereof or to replicate the prevalence of unanticipated occasions.

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