Woods eliminates CEO position

All Woods Customers and Suppliers:

As part of continuing efforts to streamline the Woods Equipment Company organization and invest in the growth of the business, we have eliminated the Chief Executive Officer position. Effective immediately, Fred Korndorf will step down as Chairman and CEO but continue to advise the Company as a member of the Board of Directors. Going forward, Woods’ senior management team will continue to run the day-to-day operations of the business and will report to an Executive Committee of the Board.

We are grateful to Fred for his service and contributions to the Company over the last five years as CEO. We remain confident in the long-term future of the business. We are also proud and appreciative of our customers and suppliers. We thank all of them for the opportunity to continue to do business.

Woods Equipment Company & Employees