Horizon Global announced today that the company’s board of directors appointed John C. Kennedy as interim president and CEO. Kennedy will continue to serve as chair of the board. This appointment follows the board’s acceptance of Terrence G. Gohl’s resignation from his executive positions and as a director.
“We remain focused on our strategic alternatives process, with our clear objective being to enhance shareholder value,” said Kennedy. “We look forward to providing an update on this process when appropriate. Further, as we assess the best long-term path for the company, we are determined to leverage our best-in-class products and iconic brands to position Horizon Global for sustainable growth and a return to historical profitability levels.”
Kennedy continued, “We would like to thank Terry for his efforts over the last three years. We appreciate his continued support of Horizon Global moving forward.”