Spartan Motors Inc. announced that its chief financial officer Frederick “Rick” Sohm will be stepping down from his position for non-business related reasons.
According to a press release, the company has hired a leading national search firm and has begun a search to replace Sohm, who has served as CFO since September 2015. Sohm will remain in his position through the selection and onboarding transition to ensure business continuity and ongoing success.
“It has been a career highlight to support Spartan Motors on their growth path and play a key role in achieving the vision of rebuilding a Midwestern specialty vehicles manufacturer into a strong and sustainable nationwide company,” said Sohm. “While I need to put my family and personal life first at this time, I’m certain that the company is well positioned to execute on its growth strategy and has an incredibly bright future ahead. Spartan’s financials are strong, its operations are efficient, and we have a talented finance team in place to support the business. I’m confident that a very capable successor will be identified and will both continue the good work we’ve done here to date, as well as take the company to the next level.”
“Rick has been a strong member of our management team at Spartan and we cannot thank him enough for his contributions over the past four years,” said Spartan Motors President and CEO Daryl Adams. “Rick has been a key player in our strategic growth plan as we have completed multiple acquisitions over the years, most recently the purchase of Royal Truck Body this summer. We wish him and his family the very best as he focuses his time on personal pursuits.”