Horizon Global appoints Terry Gohl to its Board of Directors as CEO

– USA, MI –  Horizon Global Corporation (NYSE: HZN), the world’s leading manufacturer of branded towing and trailering equipment, today announced that its Board of Directors appointed Terrence G. Gohl as CEO. Gohl has also been appointed to the Board, effective immediately. These appointments follow the Board’s acceptance of Carl Bizon’s resignation from his executive positions and as a director.

John C. Kennedy, Chair of Horizon Global’s Board of Directors, stated, “We are pleased to announce Terry as Horizon Global’s CEO. Terry brings decades of automotive industry experience, as well as substantial operational and turnaround expertise, which will help to further the Company’s business improvement initiatives and accelerate its return to historical performance levels.”

Kennedy continued, “We believe Terry is the right leader at the right time. Terry will be able to draw upon his vast experience, including as President and CEO of Key Plastics through its successful turnaround. The Board looks forward to Terry’s immediate contributions as he leads Horizon Global through its current turnaround. As a Company, we remain committed to offering best-in-class towing and trailering solutions to our customers and maximizing the long-term value of the business to benefit our shareholders, our employees and all of our stakeholders.”

About Terry Gohl

Prior to joining Horizon Global, Gohl served as Chief Operating Officer at International Automotive Components, a leading global supplier of automotive components and systems. While at IAC, Gohl was responsible for 50 manufacturing locations and 23 technical centers globally. Prior to his role at IAC, Gohl served as President and CEO of Key Plastics, LLC, a supplier of injection molded plastic components to automotive OEMs, where Gohl’s strategic leadership and operational expertise were pivotal to its restructuring and turnaround, resulting in substantial improvement in financial performance and a successful sale of the business. Gohl has previously held executive positions with multiple Tier 1 automotive suppliers, including Visteon Corporation, Tower Automotive and Lear Corporation.

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 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 our employees and create value 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, Reese, Tekonsha, and Westfalia. Horizon Global has approximately 4,200 employees in 37 facilities across 15 countries.

For more information: https://www.horizonglobal.com

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