WillScot Names Tim Boswell as CEO

WillScot Holdings Corp. has named Tim Boswell as its new CEO, succeeding Gregory J. Masse. Boswell is the current CFO of WillScot and has previously held roles at Sterling Partners LLC and Modulaire Group. The company provides turnkey space solutions, including modular office complexes, mobile offices, and portable storage containers, to customers across North America.

WillScot Holdings Corp. (NASDAQ: WSC), a leading provider of innovative temporary space solutions, has announced significant leadership changes effective January 1, 2026. Tim Boswell, the current President and COO, will succeed Brad Soultz as CEO and join the Board of Directors. Additionally, Worthing Jackman, the current non-Executive Chairman, has been appointed Executive Chairman effective immediately, while Jeff Sagansky becomes Lead Independent Director.

Tim Boswell, who has been instrumental in WillScot's growth and development over the past 13 years, has held multiple leadership roles across finance and operations. As President and Chief Operating Officer, and previously President and Chief Financial Officer, he has driven efforts to build and scale the company's operations. Under outgoing CEO Brad Soultz's leadership, the company achieved significant growth, with revenues increasing over 5x and free cash flow reaching more than $500 million.

Worthing Jackman, the current non-Executive Chairman of the Board, will now serve as Executive Chairman of the Board to assist the CEO and senior management team in achieving the company's strategic plan. Jeff Sagansky, a member of the Board since 2017, was appointed Lead Independent Director.

The Board recognizes the many contributions Brad Soultz has made to WillScot's growth and financial profile. Under Soultz's tenure, the company's revenues grew over 5x, and free cash flow reached more than $500 million. Soultz expressed gratitude to his colleagues and the team for their contributions to the company's transformation.

Tim Boswell expressed his gratitude to the Board for their trust and to Brad Soultz for his dedication and guidance. He is confident that, with the talented team, WillScot will continue to strengthen its market position and create value for shareholders.

WillScot's products include modular office complexes, mobile offices, classrooms, temporary restrooms, portable storage containers, protective buildings, climate-controlled units, and clearspan structures. The company serves diverse customer segments across North America, including construction, healthcare, education, and industrial sectors.

Forward-looking statements include the company's mergers and acquisitions pipeline, acceleration of its run rate, achievement of strategic milestones, growth in cash flow, driving higher returns on invested capital, and expansion of EBITDA margin. These statements are subject to various risks and uncertainties, as detailed in the company's periodic reports filed with the SEC.

For more information, contact:
Charlie Wohlhuter, Investor Relations
investors@willscot.com
Juliana Welling, Media Relations
[1] https://www.stocktitan.net/news/WSC/will-scot-announces-leadership-w0xe0u4lpw0z.html
[2] https://www.stocktitan.net/news/WSC/