– USA, MI – Horizon Global Corporation (NYSE: HZN), the world’s leading manufacturer of branded towing and trailering equipment, today announced plans to make several changes to its corporate governance structure.
The Horizon Global board recently named Denise Ilitch as chair. Ms. Ilitch previously served as co-chair alongside the company’s chief executive officer Mark Zeffiro, who will continue to serve as a director.
Mr. Zeffiro said, “Denise is well-qualified to serve as board chair and has clearly demonstrated the leadership and commitment necessary to drive and achieve Horizon Global’s strategic priorities. I look forward to continuing to work with Denise and the rest of the board to expand Horizon Global’s position as a global leader in towing and trailering products. Today’s announcement reflects a trend of positive corporate governance actions taken by Horizon Global’s board and enhances its strong and independent oversight of management and the company.”
Ms. Ilitch commented, “It is a privilege to serve as Horizon Global’s chair and work alongside Mark and the rest of the board. I am committed and excited to lead this great company and believe that Horizon Global is well positioned for the opportunities that lie ahead.”
“The Horizon Global board believes that a robust governance program is vital to creating long-term shareholder value,” stated Ms. Ilitch. “The recent actions taken by the board are a great example of the Horizon Global’s commitment to strong corporate governance and alignment with the company’s shareholders.”
About Horizon Global
Horizon Global is the #1 designer, manufacturer and distributor of a wide variety of high-quality, custom-engineered towing, trailering, cargo management and other related accessory products in North America, Australia and Europe. The Company serves OEMs, retailers, dealer networks and the end consumer as the category leader in the automotive, leisure and agricultural market segments. Horizon provides its customers with outstanding products and services that reflect the Company’s commitment to market leadership, innovation and operational excellence. The Company’s mission is to utilize forward-thinking technology to develop and deliver best-in-class products for our customers, engage with our employees and realize value creation for our shareholders.
Horizon Global is home to some of the world’s most recognized brands in the towing and trailering industry, including: BULLDOG, Draw-Tite, Fulton, Hayman Reese, Reese, ROLA, Tekonsha, and Westfalia. Horizon Global has approximately 4,300 employees in 58 facilities across 21 countries.
For more information : http://www.horizonglobal.com
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