WillScot names Tim Boswell as CEO

WillScot names Tim Boswell as CEO

WillScot Holdings Corporation (Nasdaq: WSC), a leading provider of innovative temporary space solutions, has announced significant leadership changes. Effective January 1, 2026, Tim Boswell will succeed Brad Soultz as Chief Executive Officer (CEO). Additionally, Worthing Jackman has been appointed Executive Chairman of the Board, and Jeff Sagansky has been named Lead Independent Director, both effective immediately.

Tim Boswell, who has been with WillScot for 13 years, has held multiple leadership roles across finance and operations. He served as President and Chief Operating Officer (COO) and previously as President and Chief Financial Officer (CFO). His tenure includes driving strategic initiatives such as mergers and acquisitions (M&A), pricing and marketing, and the development of Value-Added Products and Services (VAPS). Under his leadership, WillScot has scaled its operations and transformed its financial profile, growing revenues over five times and increasing free cash flow to over $500 million.

Worthing Jackman, the outgoing non-Executive Chairman, has been appointed Executive Chairman. Jackman has been deeply involved in the CEO succession planning process and believes that Tim Boswell is well-prepared for the role. He noted that WillScot is executing the right strategy under Tim's leadership, with a focus on growth and execution to drive value creation for shareholders.

Brad Soultz, the outgoing CEO, has expressed gratitude to his colleagues and the team for the transformation of the business during his tenure. He has had the pleasure of collaborating with Tim Boswell over the last 12 years and is delighted to see him succeed as CEO.

Jeff Sagansky, a member of the Board since 2017, has been appointed Lead Independent Director. He will provide active leadership in support of Tim Boswell and Worthing Jackman to drive growth and improved performance.

WillScot's comprehensive range of products includes modular office complexes, mobile offices, classrooms, temporary restrooms, portable storage containers, protective buildings, climate-controlled units, and clearspan structures. The company's headquartered in Phoenix, Arizona, and operates from a network of approximately 260 branch locations and additional drop lots across the United States, Canada, and Mexico.

References:

[1] https://www.stocktitan.net/news/WSC/will-scot-announces-leadership-w0xe0u4lpw0z.html
[2] https://www.stocktitan.net/news/WSC/