Essex Crane Rental Corp. has named a new chief operating officer and new chief financial officer. Nicholas Matthew is the new COO, bringing about 20 years of experience to Essex. Before coming to Essex, Matthew was vice president and group executive for railcar operations at GATX, a railcar leasing company.
Essex also named Kory Glen CFO. Glen was director of finance at Essex for the past four years and will replace Marty Kroll, who is resigning to “pursue other opportunities.” Kroll will remain with the company during a transitional period.
“Nick [Matthews] will be primarily focused on refining our existing performance metrics to enhance our profitability, monitoring fleet data to optimize our asset utilization and growing our parts and service business lines,” said Essex president and CEO Ronald Schad. “We remain pleased with the gradual recovery in our end markets, which on both a sequential and quarter-over-quarter basis is continuing in the second quarter of 2013. Our management team is focused on improving our current operations and we believe Essex is well positioned to capitalize on accretive growth opportunities that will enhance shareholder value. The addition of Nick as COO and the continuity that Kory will provide in the finance area will strengthen our management depth to capitalize on these opportunities in the near and medium term.”
Based in Buffalo Grove, Ill., Essex Crane Rental Corp. is No. 44 on the RER 100.
