JLG® Announces Executive Leadership Changes

McConnellsburg, PA (October 17, 2023) – JLG Industries, Inc., an Oshkosh Corporation business [NYSE:OSK] and leading global manufacturer of mobile elevating work platforms and telehandlers, today announced the retirement of Frank Nerenhausen, executive vice president of Oshkosh Corporation and president of its Access segment. Mahesh Narang will succeed Nerenhausen effective November 13, 2023. Nerenhausen will serve as an advisor to the company through August 2024.

Nerenhausen is retiring after more than 37 years with Oshkosh Corporation. Since joining the company as an intern in 1986, his career has included a range of management and leadership assignments of increasing responsibility across business segments. He was named the company's Access segment president in 2012.

"Frank has built a world-class team, successfully leading JLG to great heights for more than a decade. During his tenure, the Access segment has achieved significant growth and profitability, while introducing progressive innovations that leave our business in an outstanding position with a bright future," said John Pfeifer, president and chief executive officer of Oshkosh Corporation.

Narang is an accomplished global executive. Most recently he served as vice president and president of Components at Cummins Inc., where he developed the strategic direction and led all operational aspects of the Components business. Further, he executed a forward-looking strategy to grow in core diesel markets while expanding into new and fuel agnostic adjacent markets. Narang also led the acquisition and integration of several companies, helping grow the Components business by over 50% and prepare for future technologies.

He holds a Bachelor's degree in Engineering from the University of Mumbai, India, as well as Master of Business Administration and Master of Engineering Management degrees from Northwestern University.

Pfeifer continued, "In addition, we are taking this opportunity to align the commercial activities of JLG Americas to prepare for future growth."

Tim Morris, who has been with JLG since 1992, has been appointed chief commercial officer for JLG Americas. He will be responsible for overseeing all JLG whole goods and aftermarket commercial business initiatives in the Americas region.

Pfeifer concluded "We have an exceptionally strong bench of talent at our Access segment. Mahesh's diversified experience combined with the longevity of Tim's experience and deep customer relationships will allow us to continue our growth trajectory and maintain our market leadership."

For more information on JLG® leadership, products and services, visit JLG.com.

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About JLG® Industries, Inc.
JLG® Industries, Inc. is a world-leading designer, manufacturer, and marketer of access equipment. The Company's diverse product portfolio includes leading brands such as JLG® aerial work platforms; JLG and SkyTrak® telehandlers and rotary telehandlers; and an array of complementary accessories that increase the versatility and efficiency of these products. JLG is an Oshkosh Corporation company [NYSE: OSK]. For more information about JLG Industries, Inc., visit www.jlg.com, or find us on X, Facebook, LinkedIn, Instagram and YouTube.

About Oshkosh Corporation
At Oshkosh (NYSE: OSK), we make innovative, mission-critical equipment to help everyday heroes advance communities around the world. Headquartered in Wisconsin, Oshkosh Corporation employs approximately 15,000 team members worldwide, all united behind a common cause: to make a difference in people's lives. Oshkosh products can be found in more than 150 countries under the brands of JLG®, Hinowa, Pierce®, MAXIMETAL, Oshkosh® Defense, McNeilus®, IMT®, Jerr-Dan®, Frontline™ Communications, Oshkosh® Airport Products and Pratt Miller. For more information, visit oshkoshcorp.com.

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

Forward Looking Statements
This news 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 news 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, and could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include the overall impact of the COVID-19 pandemic on the Company's business, results of operations and financial condition; the duration and severity of the COVID-19 pandemic; actions that may be taken by governmental authorities and others to address or otherwise mitigate the impact of the COVID-19 pandemic; the negative impacts of the COVID-19 pandemic on global economies and the Company's customers, suppliers and employees; and the cyclical nature of the Company's Access Equipment, Commercial and Fire & Emergency markets, which are particularly impacted by the strength of U.S. and European economies and construction seasons.