Ernst & Young has named Daryl Adams, president and CEO of the Novi, Mich.-based Shyft Group Inc. as a finalist for its 2020 Entrepreneur of The Year award for the Michigan and Northwest Ohio region.
The Entrepreneur of the Year program honors entrepreneurial business leaders whose ambitions deliver innovation, growth, and “prosperity as they build and sustain successful businesses that transform our world,” Ernst & Young said.
Award winners will be announced through a special virtual event at 6 p.m. ET on Thursday, Oct. 8.
“I am honored to be recognized alongside an impressive group of finalists who firmly represent the kind of innovative leadership that inspires sustained success,” said Adams. “At Shyft, we are fortunate to have an incredible team that is driving our remarkable growth. I am proud to lead them through this period of success, and I look forward to continued growth ahead for The Shyft Group.”
Since taking over as The Shyft Group’s (formerly known as Spartan Motors) CEO in 2015, Adams has acted as change agent to reinvent the former fire truck chassis company into a global leader of purpose-built work trucks that serve a wide array of industries, including the rapidly expanding last-mile parcel delivery fleet segment. Since he joined as CEO, Shyft’s valuation has increased nearly 400 percent, to approximately $700 million.