Spartan Motors Appoints Jonathan C. Douyard as Chief Financial Officer

| January 28, 2020
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Douyard most recently served as the vice president of finance and CFO of Fluke Corporation

Spartan Motors Inc. (NASDAQ: SPAR) (“Spartan” or the “Company”), the North American leader in specialty vehicle manufacturing and assembly for the commercial and retail vehicle industries (including last-mile delivery, specialty vehicles, commercial vehicle assembly and vocation-specific upfit segments), as well as for the emergency response and recreational vehicle markets, today announced the appointment of its incoming chief financial officer, Jonathan C. Douyard, effective no later than March 31, 2020.

“We are pleased to announce the appointment of Jon Douyard as CFO of Spartan Motors,” said Daryl Adams, president and chief executive officer, Spartan Motors. “Jon is a highly respected, results-oriented executive with nearly 20 years of experience with a track record of delivering strong operating results, building high-performing finance organizations, and driving continuous improvement throughout organizations. We are excited to have him join our leadership team and hit the ground running to help us accelerate profitable growth.”

Douyard most recently served as the vice president of finance and CFO of Fluke Corporation, an operating company within Fortive, a Danaher Industrial spin-off. In his role, he oversaw the finance and IT functions at Fluke. He has experience building and leading teams, executing corporate strategy and completing strategic acquisitions. Prior to joining Fluke, he held key financial leadership positions at Sikorsky Aircraft, a United Technologies Company; and General Electric. Douyard holds a Bachelor of Science in finance from Bentley University.

“I truly believe in Spartan Motors vision for the future and could not be more excited to join a great team and company with such strong momentum,” Douyard said. “I look forward to building on the substantial groundwork laid by my predecessor, and to be part of the company’s future.” 

Rick Sohm, the Company’s current CFO, previously announced he was stepping down for non-business reasons in September 2019.  Sohm will remain in his position through Douyard’s onboarding process to ensure business continuity throughout the transition, and ongoing success.

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