Charlotte, MI, May 31, 2016 (GLOBE NEWSWIRE) --
FOR IMMEDIATE RELEASE
Spartan Motors Names Juris Pagrabs as
Group Treasurer and Director of Investor Relations
CHARLOTTE, Michigan, May 31, 2016 – Spartan Motors, Inc. (NASDAQ: SPAR) today announced that Juris Pagrabs has been named the Company’s Group Treasurer and Director of Investor Relations, effective May 23, 2016. Reporting directly to Rick Sohm, Spartan Motors’ Chief Financial Officer, Pagrabs will lead the Company’s global treasury and investor relations functions, and will be focused on building strong relationships with Spartan’s key financial audiences.
“We are very pleased to have Juris join the Spartan Motors team,” said Daryl Adams, President and Chief Executive Officer of Spartan Motors. “His strong background as a strategic leader in key financial roles, including his experience with global capital markets and complex transactions, will be a tremendous asset to the Company. As we continue to focus on the successful turnaround of Spartan, Juris’ skill set will contribute to our Company’s efforts as we concentrate on pursuing growth opportunities and delivering shareholder value.”
Pagrabs most recently served as Chief Financial Officer and the Director of Operations at Matilda Jane Clothing, a popular brand of uniquely styled children’s clothing, from 2013 to 2015. Prior to joining Matilda Jane, Pagrabs was Vice President of Investor Relations for Azure Dynamics Corporation, the Detroit, MI based manufacturer of hybrid electric, electric components and powertrain systems for commercial vehicles, from 2010 to 2012. Pagrabs also served as Corporate Vice President of Investor Relations at both Woolworth (now FootLocker) and OfficeMax. His career spans more than 30 years, during which he held several executive and leadership positions in finance, accounting and investor relations. Pagrabs began his career at Arthur Anderson & Co in 1982 and is a graduate of Kent State University with a degree in business administration.
Pagrabs succeeds Greg Salchow, who will be returning to Nashville, TN to spend more time with family and to pursue new opportunities.
About Spartan Motors
Spartan Motors, Inc. is a leading designer, engineer, manufacturer and marketer of a broad range of specialty vehicles, specialty chassis, vehicle bodies and parts for the fleet and delivery, recreational vehicle (RV), emergency response, defense forces and contract assembly (light/medium duty truck) markets. The Company's brand names— Spartan Motors, Spartan Specialty Vehicles, Spartan Emergency Response, Spartan Parts and Accessories, and Utilimaster®, a Spartan Motors Company— are known for quality, durability, performance, customer service and first-to-market innovation. The Company employs approximately 1,800 associates, and operates facilities in Michigan, Indiana, Pennsylvania, Kansas, South Dakota, Saltillo, Mexico; and Lima, Peru. Spartan reported sales of $550 million in 2015. Visit Spartan Motors at www.spartanmotors.com.