SAN ANTONIO, March 8, 2024 (GLOBE NEWSWIRE) — Rush Enterprises, Inc. (NASDAQ: RUSHA and RUSHB), which operates North America's largest commercial vehicle dealer network, today announced that its Chief Operating Officer and Chief Operating Officer Michael McRoberts announced: Scott Anderson, a member of the Company's Board of Directors, will retire as COO later this year, and Scott Anderson, Senior Vice President of Finance, Insurance and Leasing, will retire effective March 30, 2024.
Mr. McRoberts helped lead the company through a period of significant growth and transformation. His extensive background in the commercial vehicle dealership, leasing and transportation contracting industry has had a significant impact on the company's operations and strategic direction. Additionally, Mr. McRoberts' leadership has been critical in improving our operations, driving efficiencies and leveraging data to drive our strategic initiatives and drive customer experience.
Upon stepping down as Chief Operating Officer, Mr. McRoberts will continue to serve in a senior advisory role and maintain his current position as a member of the Company's Board of Directors. Details regarding the timing of Mr. McRoberts' retirement, expected in the second half of this year, will be announced at a later date.
Mr. McRoberts was appointed Chief Operating Officer in July 2016. He joined the company in 2011 and served as regional manager for Rush Truck Center in California until he was named senior vice president of dealership operations in March 2013. Prior to joining Rush Enterprises, Mr. McRoberts held the following positions: Vice President, General Manager and Chief Operating Officer of The Scully Companies, a regional full-service leasing and dedicated transportation contracting organization. His background also includes 13 years in various executive positions with his group of other commercial vehicle dealers.
“Michael’s strong leadership and strategic guidance have been a key contributor to achieving the significant growth and consistent financial results we have experienced over the past decade,” said Chairman of the Board and Chief Executive Officer WM “Rusty.” ” Rush said. “As a direct result of Michael’s leadership, we have become more disciplined and improved our processes over the years, enabling us to provide our customers with superior commercial vehicle solutions at even higher value.” “He has been a respected mentor, trusted colleague and advisor to our leaders, and we are grateful for his countless contributions to our success,” Rush said.
Jason Wilder will become chief operating officer (COO) when McRoberts retires later this year. Mr. Wilder has served as Senior Vice President of Navistar Dealers since May 2019. From 2011 until 2019, he served as Regional General Manager for the Georgia region, and from 2008 until 2011, he served as Regional General Manager for the company's North Carolina dealership. He joined the company in November 2006 as General Manager of the Atlanta Midsize Dealership. Prior to joining our company, he served as general manager of the Fouts Brothers Track Center in Smyrna, Georgia. “Jason has a very deep knowledge of commercial vehicle dealership operations and has demonstrated strong leadership abilities since day one with our company. He has worked closely with Michael and I over the years, so We expect a very smooth transition,” Rush added.
Mr. Jorgan Peterson will assume Mr. Wilder's current role as Senior Vice President of Navistar Dealers later this year. Peterson has served as the Regional General Manager for Navistar dealerships in the Utah and Idaho region since 2013, where he was responsible for leading the growth and transformation of the company's dealerships in this region. He joined the company in 2010 as District General Manager for his Idaho region and prior to joining the company, he worked for Lake City International Truck Dealer Group in Salt Lake City, Utah and Boise, Idaho since 2003. He is responsible for Navistar's dealership operations and we are excited to have him in this new role,” said Rush.
Mr. Anderson oversaw Rush Enterprises' commercial vehicle financing and insurance operations during a period of significant dealer growth. He also directed the company's PacLease and Idealease truck leasing and rental operations, which he expanded to more than 50 locations and more than 10,000 vehicles. Anderson improved our leasing and rental operations and became a key contributor to the company's overall financial success. He will remain as a consultant to the company until at least September 30, 2024.
Mr. Anderson served as the Company's Vice President of Finance and Insurance from 2005 until his promotion to Senior Vice President of Finance and Insurance, and in 2007, he became Director of Rush Truck Leasing. Prior to joining the Company, he served as Manager of the Continental Europe Division. Managing Director, European Commercial Finance, CIT Group; Capital Corporation; Managing Director, European Commercial Finance;
“Scott is as knowledgeable about the truck finance, insurance and leasing industry as anyone I know, and is largely responsible for the success of our leasing and rental business,” said Rush. “His retirement is truly bittersweet and he will be greatly missed. We wish him all the best as he begins a new chapter.”
Mark Kuhn will assume the role of Vice President of Leasing. Mr. Kuhn was appointed General Manager of Rush Truck Leasing – Pack Leasing Division in 2021. He joined the company in 2015 as General Manager of Rush Truck Leasing – Fort Worth after holding numerous management positions with PACCAR Leasing Company. “Mark's extensive experience in the commercial truck leasing industry and with our company puts him in a strong position to take over the management of our Rush Truck Leasing business and continue to grow his contribution to our overall success,” said Rush. said.
“While we will certainly be missing both Mike and Scott, we are confident that Jason, Jorgan and Mark are each well-equipped to take on the responsibilities of their new leadership roles,” Rush added.
About Rush Enterprises Co., Ltd.
Rush Enterprises, Inc. is a leading solutions provider to the commercial vehicle industry. We own and operate Rush Truck Centers, the largest commercial vehicle dealership network in North America, with more than 150 locations, including 125 franchised dealerships in 22 states and Ontario, Canada. . These vehicle centers are strategically located in high-traffic areas on or near major highways throughout the United States and in Ontario, Canada, and service vehicles such as Peterbilt, International, Hino, Isuzu, Ford, Dennis Eagle, It represents truck and bus manufacturers such as IC Bus and Blue Bird. From new and used vehicle sales to aftermarket parts, service and body shop operations, as well as financing, insurance, leasing and rental, we offer an integrated approach to meeting our customers' needs. Rush Enterprises' operations also offer CNG fuel systems (through its investment in Cummins Clean Fuel Technologies, Inc.), telematics products, other vehicle technologies, vehicle upfitting, chrome accessories, and tires. For more information, visit www.rushtruckcenters.com, www.rushenterprises.com, www.rushtruckcentersracing.com, Twitter @rushtruckcenter and Facebook.com/rushtruckcenters.
Certain statements contained in this release: “Positive” (This term is defined in the Private Securities Litigation Reform Act of 1995). Such forward-looking statements speak only as of the date of this release, and we undertake no obligation to update the information contained in this release. Such statements involve risks and uncertainties that may cause actual results to differ materially from those expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include future growth rates and profitability with respect to some of our products and services; rates, competitive factors, general U.S. economic conditions, economic conditions in the new and used commercial vehicle markets, customer relationships, vendor relationships, inflation and interest rate environments, governmental regulation and oversight, product introduction and acceptance; changes in industry practices, supply chain disruptions, one-time events, etc. This document and our filings with the Securities and Exchange Commission (Annual Report on Form 10-K for the year ended December 31, 2023) (including). Although the Company believes that these forward-looking statements are based on reasonable assumptions, there are many factors that could affect the Company's actual business and financial results, and actual results may differ in the future. The contents of the forward-looking statements may differ materially. All written and oral forward-looking statements made by us or on our behalf are expressly qualified in their entirety by the cautionary statements contained or referenced above. Except for our continuing obligation to disclose material information as required by federal securities laws, we do not provide any forward-looking statements to reflect future events or circumstances or to reflect the occurrence of matters. There is no obligation or intention to publish any revisions to any statement regarding. An unexpected event.
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rush enterprises
Gary Willis
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willisg@rushenterprises.com
