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permanent to in identify new CFO financial As we reported, a Whittman fortunate the join CFO we have improvements named, Brian confident search role. experienced recently have we serving driving in team. and an business our Until we to success Interim are proven with will a are is a for underway executive CFO
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Horizon the Global. and what in appreciation This our important action accomplish to of longer-term here I’ve express the does Importantly, board by focus change effort, of but to me permanent at CEO has me for is turnaround working my it for continuity not placed goals I want naming our confidence been the of company. the
in success. and position expressed being since my take for As back position is I have Interim long-term many now CEO action times named growth aggressive to Horizon to May,
strength I relationships and of a believe customer importantly at have ahead return but a significant Namely, during day, the to Each of progress our and brands, people, quarter. to our by we results. growth. we the looking business us, profitable Action as markets, steps of ability job are path Plan in evidenced seeing the Americas in We in underlying our of the completed our in taken the making significant and turnaround our are most business our
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have to You on Slide items will Europe-Africa transitioning. as note we highlighted our related Action business Plan X,
This of replaced we August, substantially we the segment’s operational very prior leadership. the The assessment than a has new team. team its management communicated has leadership completed different in management, team – view the this the business. new team new As operations and of financial
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acquisition is that in First greatly status planned the Europe-Africa to integration business. improve profitability has of team with synergies were and the new the of foremost, of Westfalia the connection sub-optimal. the Europe-Africa The determined intended the operational
XXXX and these the cost execution the complexity and unintended planned However, during ultimately desired instances, initiatives implementation of result. not initiatives some synergy excess benefit. in and did the these XXXX of added In early deliver
transitioning Europe-Africa, the to initiatives XXXX the new business towards Action improvement to Plan taking of set of from We’re view a broader a region.
is focus and steps region initial Our identify to all take the business. challenges stabilize to the in necessary the
progress, determining effort and on improvements improvement phasing are the and greatest and The most with multi-year foreseeable Europe making and improvements be resources. already and team in fixes complexity simplifying defined channels the focus Europe-Africa will business the we focus, we be the a profitable being While unnecessary operational business, The of unprofitable currently business timed of and operations so segment focused the on future. business. on. customers, expect being be are process needed Europe-Africa the across is production The unwinding targets processes will to discussing initiatives issues still and effort. are right we still Overall, the the to the fixable impact the that in for
Europe objective can we impact term, main business to from and the then profitably in a operations is the Our strong so platform to mitigate stabilize grow negative near the in any establish region.
the call transition I to want our our our financials, to reiterate period. this to team turning commitment review difficult Before leading over Dave through to
Our company are has facing and good solid operational the challenges business, fundamentally foundation have a we we today. a despite
a in and towing resources, by efficient chain. operations, driven manufacturing and supply innovative our base the strong great We industry, brands, reliable solid engineering are a trailering products, global customer a and leader solid
at but Horizon As I’ve before, must we the said here all for success execute. we Global, have ingredients
the through financials. take you Dave Now, will
