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

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^® mobile elevating work platforms; JLG^® and SkyTrak^® telehandlers and rotary telehandlers; and an array of complementary accessories that can increase the versatility and efficiency of these products. JLG is an Oshkosh Corporation business [NYSE: OSK]. For more information about JLG Industries, Inc., visit www.jlg.com, or find us on LinkedIn, Instagram, Facebook and YouTube.

About Oshkosh Corporation

At Oshkosh (NYSE: OSK), we make innovative, purpose-built vehicles and equipment to help everyday heroes advance communities around the world. Headquartered in Wisconsin, Oshkosh Corporation employs over 18,000 team members worldwide, all united behind a common purpose: to make a difference in people’s lives. Oshkosh products can be found in more than 150 countries under the brands of JLG^®, Pierce^®, MAXIMETAL, Oshkosh^® S-Series^™, McNeilus^®, IMT^®, Jerr-Dan^®, Frontline^™ Communications, Oshkosh^® Airport Products, Oshkosh AeroTech^™, Oshkosh^® Defense 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,” “confident” 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 possibility that the parties will fail to obtain necessary regulatory approvals or to satisfy any of the other conditions to the proposed transaction; potential negative effects relating to the announcement of the proposed transaction; failure to realize the expected benefits of the transaction or expected synergies; difficulties in predicting results of operations of an acquired business; the cyclical nature of the Company’s access equipment, fire apparatus, refuse and recycling collection and air transportation equipment markets, which are particularly impacted by the strength of U.S. and European economies and construction seasons; the Company’s estimates of access equipment demand which, among other factors, is influenced by historical customer buying patterns and rental company fleet replacement strategies; the strength of the U.S. dollar and its impact on Company exports, translation of foreign sales and the cost of purchased materials; risks related to the collectability of receivables, particularly for those businesses with exposure to construction markets; risks associated with international operations and sales, including compliance with the Foreign Corrupt Practices Act; and risks related to the Company’s ability to successfully execute on its strategic road map and meet its long-term financial goals and other risks, uncertainties, assumptions and other factors impacting future results of the Company.