PLYMOUTH, Michigan, June 29, 2022–(BUSINESS WIRE)–Horizon Global Corporation (NYSE:HZN), one of the world’s leading manufacturers of branded towing and towing equipment, today announced that the company’s Board of Directors has appointed Jian James Zhou as Chief Financial Officer, effective immediately.

Mr. Zhou most recently served as Executive Vice President and Chief Financial Officer of Joyson Safety Systems, one of the world’s leading providers of mobility safety components and systems. Prior to joining Joyson, Mr. Zhou served as vice president and chief financial officer of Tesla China and supported Tesla’s successful entry into China’s electric vehicle market. Mr. Zhou previously held divisional CFO positions for Ingersoll Rand and General Electric.

Terry Gohl, President and CEO of Horizon Global, said, “We look forward to James’ immediate contributions to Horizon Global. James brings tremendous global operational finance leadership across many sectors, as well as strong capital structure and business development expertise, which we hope to leverage to accelerate our current turnaround efforts. »

Mr. Gohl continued, “With our iconic brands and deep customer relationships as a solid foundation, we remain focused on our business improvement initiatives, all of which are tied to creating long-term value for our shareholders. James is a great addition to a management team that is completely aligned in this regard.”

Mr. Zhou replaces Dennis Richardville, who is stepping down as the company’s chief financial officer. Mr. Richardville will remain with the Company as Chief Financial Officer through the filing of the Company’s Quarterly Report on Form 10-Q for the period ending June 30, 2022, after which Mr. Richardville will generally support leadership transition finance in a capacity consulting firm.

“On behalf of Horizon Global, we would like to thank Dennis for his leadership in an unprecedented global business environment,” said Mr. Gohl. “We greatly appreciate his continued support of Horizon Global and our global finance team.”

About Horizon Global

Based in Plymouth, MI, Horizon Global is one of North America’s leading designers, manufacturers, and distributors of a wide variety of high-quality, custom towing, towing, cargo management, and other related accessories. North and Europe. The company serves OEMs, retailers, dealer networks and the end consumer as a category leader in the automotive, leisure and agricultural market segments. Horizon provides its customers with exceptional products and services that reflect the company’s commitment to market leadership, innovation and operational excellence. The company’s mission is to use cutting-edge technology to develop and deliver premium products to our customers, engage with our employees, and create value for our shareholders.

Horizon Global is home to some of the world’s most recognized brands in the towing and towing industry including: Draw-Tite, Reese, Westfalia, BULLDOG, Fulton and Tekonsha. Horizon Global has approximately 3,800 employees.

For more information, please visit www.horizonglobal.com.

Forward-looking statements

This press release contains “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained herein speak only as of the date on which they are made and give our current expectations or forecasts of future events. These forward-looking statements are subject to numerous assumptions, risks and uncertainties that could have a material impact on our business, financial condition or future results, including, but not limited to, risks and uncertainties regarding: the impact of the COVID-19 pandemic on the Company’s business, results of operations, financial condition and liquidity, including, without limitation, supply chain and logistics issues and pressures inflationary; liabilities and restrictions imposed by the Company’s debt instruments, including the Company’s ability to comply with applicable financial covenants relating thereto; market demand; competitive factors; supply constraints and shipping disruptions; material, logistics and energy costs, including increased material costs resulting from the COVID-19 pandemic; inflation and deflation rates; technological factors; dispute; governmental and regulatory actions, including the impact of any tariffs, quotas or surcharges; the Company’s accounting policies; future trends; general economic and monetary conditions; various conditions specific to the business and industry of the Company; the success of the Company’s action plan, including the actual amount of savings and the timing thereof; the success of the Company’s business improvement initiatives in Europe-Africa, including the amount of savings and their timing; the Company’s exposure to product liability claims from customers and end users, and the costs associated therewith; factors affecting the Company’s business beyond its control, including the impact of the Russia-Ukraine conflict, natural disasters, pandemics, including the current COVID-19 pandemic, accidents and government actions; and other risks that are discussed in Part I, Item 1A,”Risk factors.” in the company’s annual report on Form 10-K for the twelve months ended December 31, 2021. The risks described in the company’s annual report on Form 10-K are not the only risks facing our company. Additional risks and uncertainties not currently known to us or that we currently believe to be immaterial may also materially adversely affect our business, financial condition and results of operations or cash flows. not to place undue reliance on such statements, which speak only as of the date hereof. We undertake no obligation to review or confirm analysts’ expectations or estimates or to publicly release any revisions to any statements. forward-looking to reflect events or circumstances after the date hereof or to reflect the occurrence of unforeseen events.

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contacts

Jeff Tryka, CFA
Investor Relations, Lambert & Co.
(616) 295-2509
[email protected]