Leadership Change at WernerCo Starts Following Announcement of CEO Retirement

Nov 28, 2017
Leadership Change at WernerCo Starts Following Announcement of CEO Retirement

November 28, 2017 - Greenville, PA (USA) / Schaffhausen (Switzerland) /Luxembourg (Luxembourg) - The Advisory Board of Werner International Holding S.à.r l. is announcing today information about the latest organizational developments at WernerCo and the start of a leadership change at the company.

CEO & President William T. Allen has announced he will be retiring in the next few months and will be working with the Advisory Board on a smooth leadership transition. The Company thanks Bill for his hard work and contribution over the past ten years in transforming WernerCo and leading the Company during the recent change of ownership to funds advised by Triton.

Following the acquisition, the Advisory Board and the Company’s Executive Team have been involved in a strategic planning process to evaluate and propose a new organizational structure for the business going forward. This future organizational structure will align the business to better serve its diverse international customer base. Going forward, the intention is to have the business managed on a more regional basis through two organizations: one focused on the Americas and the other focused on Europe and the rest of the world. Each of the new organizations will be headed by a President/Managing Director reporting to a global CEO. The Company is pleased to announce that Ed Gericke, currently the Executive VP of Sales & Marketing will be the President of the Americas business organization in this new structure. In addition, following Bill’s retirement, Ed will be acting CEO of WernerCo until a new CEO is on board.  The search for the new CEO is underway.

Martin Bertinchamp, Chairman of the Advisory Board of Werner International Holding Sarl, comments: “We thank Bill for his hard work and contribution in transforming WernerCo over the last decade and during the change of ownership. With Ed we have an outstanding manager with distinguished leadership qualities and a long-term expertise within our company to drive the North American business forward and to take over the role as acting CEO until the ongoing CEO search is finished. We look forward to driving the growth of WernerCo to become the global leader for access equipment, storage solutions and safety equipment. Innovation, safety and quality remain the core pillars of our strategy.”

"I am excited to take on the role as acting CEO of WernerCo to continue to develop and expand our offerings. As EVP and member of the Executive Team of WernerCo, I am well aware of the challenges that we face in today’s dynamic and changing environment in both the Americas and in Europe and the rest of the world. WernerCo has a fantastic platform to offer both existing and new customers innovative and reliable products and we will continue to focus on improving our operational excellence, supported by the necessary resources to do so,” stated Ed Gericke, acting CEO of WernerCo.