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Oshkosh Corporation Announces Presidential Changes in Two of Its Business Segments

05/25/2010

OSHKOSH, Wis., May 25, 2010 (BUSINESS WIRE) --Oshkosh Corporation (NYSE: OSK), a leading manufacturer of access equipment, specialty vehicles and vehicle bodies, today announces changes to its leadership teams in two of its business segments - Access Equipment and Fire & Emergency.

Wilson Jones has been named executive vice president and president of the corporation's Access Equipment segment, replacing Craig Paylor, who is retiring. Wilson Jones will assume the position on July 1, 2010. Craig Paylor has been executive vice president and president of the Access Equipment segment since 2007. He also served as president of JLG Industries, which was acquired by Oshkosh in 2006. Under Craig Paylor's leadership, JLG has grown internationally as the leader in the access equipment market with operations around the world.

Prior to his new assignment, Wilson Jones served as executive vice president and president of the Fire & Emergency segment and president of Pierce Manufacturing, positions held since 2008. Wilson Jones has been a key contributor to the growth of the segment, especially in the fire apparatus marketplace.

Jim Johnson has been promoted to executive vice president and president of the Fire & Emergency segment and president of Pierce Manufacturing, replacing Jones. Jim Johnson joined Pierce in 2007 and most recently served as senior vice president of sales and marketing prior to his new promotion.

"We were very fortunate to have three talented executives with the leadership caliber of Craig Paylor, Wilson Jones and Jim Johnson in our organization," said Charlie Szews, Oshkosh Corporation president and chief operating officer. "We expect to build upon the outstanding foundation set by Craig at JLG, and are pleased to bring Wilson's skills to sustain and grow JLG's global leadership position in the Access Equipment market. Wilson leaves the Fire & Emergency segment in an extremely strong position and Jim will bring his sales skills to continue this momentum.

"We wish Craig the best in retirement and look forward to Wilson and Jim successfully leading their segments and expanding their businesses globally."

About Oshkosh Corporation

Oshkosh Corporation is a leading designer, manufacturer and marketer of a broad range of specialty access equipment, commercial, fire & emergency and military vehicles and vehicle bodies. Oshkosh Corporation manufactures, distributes and services products under the brands of Oshkosh(R), JLG(R), Pierce(R),McNeilus(R), Medtec(R), Jerr-Dan(R), Oshkosh Specialty Vehicles, Frontline(TM), SMIT(TM), CON-E-CO(R), London(R) and IMT(R). Oshkosh products are valued worldwide in businesses where high quality, superior performance, rugged reliability and long-term value are paramount. For more information, log on to www.oshkoshcorporation.com.

(R), TM All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.

Forward-Looking Statements

This press release contains statements that the Company believes to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including, without limitation, statements regarding the Company's future financial position, business strategy, targets, projected sales, costs, earnings, capital expenditures, debt levels and cash flows, and plans and objectives of management for future operations, are forward-looking statements. When used in this press release, words such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "should," "project" or "plan" or the negative thereof or variations thereon or similar terminology are generally intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions and other factors, some of which are beyond the Company's control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include the impact on revenues and margins of the planned decrease in M-ATV production rates; the cyclical nature of the Company's access equipment, commercial and fire & emergency markets, especially during a global recession and tight credit markets; the duration of the global recession, which could lead to additional impairment charges related to many of the Company's intangible assets and/or a slower recovery in the Company's cyclical businesses than equity market expectations; the expected level and timing of U.S. Department of Defense procurement of products and services and funding thereof; risks related to reductions in government expenditures, the potential for the government to competitively bid the Company's Army and Marine Corps contracts, the startup of the Family of Medium Tactical Vehicles contract and the uncertainty of government contracts generally; the consequences of financial leverage associated with the JLG acquisition, which could limit the Company's ability to pursue various opportunities; risks related to the collectability of receivables during a recession, particularly for those businesses with exposure to construction markets; risks related to production delays as a result of the economy's impact on the Company's suppliers; the potential for commodity costs to rise sharply, including in a future economic recovery; risks associated with international operations and sales, including foreign currency fluctuations; and the potential for increased costs relating to compliance with changes in laws and regulations. Additional information concerning these and other factors is contained in the Company's filings with the Securities and Exchange Commission. All forward-looking statements speak only as of the date of this press release. The Company assumes no obligation, and disclaims any obligation, to update information contained in this press release. Investors should be aware that the Company may not update such information until the Company's next quarterly earnings conference call, if at all.

SOURCE: Oshkosh Corporation

Oshkosh Corporation
Financial:
Patrick Davidson
Vice President of Investor Relations
920.966.5939
or
Media:
John Daggett
Director of Communications
920.233.9247