The Shyft Group, Inc. (NASDAQ: SHYF) has announced the appointment of Scott Ocholik as the Interim Chief Financial Officer, effective January 1, 2025. Ocholik, who currently serves as the Vice President, Chief Accounting Officer, and Corporate Controller, will be stepping into the role following the resignation of CFO Jon Douyard. The company's Board of Directors is actively conducting a comprehensive search for a permanent CFO, considering both internal and external candidates.
Ocholik, who has been a part of Shyft's leadership team since 2019, brings a wealth of financial expertise and operational knowledge to the interim role. He previously held the position of Executive Vice President and Chief Financial Officer at Gestamp North America and holds a Bachelor of Arts in Accounting and a Master of Business Administration from Michigan State University.
The Shyft Group, a North American leader in specialty vehicle manufacturing, assembly, and upfit for commercial, retail, and service specialty vehicle markets, reported sales of $872 million in 2023. The company operates across 19 locations, employing approximately 3,000 employees and contractors.
As the company navigates this leadership transition, it continues to focus on executing its strategic priorities and advancing its objectives in the commercial, retail, and service specialty vehicle markets. The market has reacted to these announcements by moving the company's shares 3.0% to a price of $11.94. If you want to know more, read the company's complete 8-K report here.
