#USA #Shyft Group #Novi, Michigan #Scott Ocholik #Interim CFO

The Shyft Group Welcomes Interim CFO

In a significant move for the company, The Shyft Group, Inc. has announced the appointment of Scott Ocholik as its Interim Chief Financial Officer (CFO), effective January 1, 2025. This change comes in light of Jon Douyard's recent resignation from the CFO position. Ocholik’s extensive experience within the company and his deep understanding of financial operations make him a suitable replacement during this transitional period.

John Dunn, President and CEO of The Shyft Group, expressed confidence in Ocholik's capabilities, citing his financial acumen and leadership skills as vital assets to the company's ongoing stability and strategic initiatives. With The Shyft Group operating at the helm of specialty vehicle manufacturing and assembly for various markets, maintaining stable financial oversight is crucial, especially amidst evolving business priorities and strategies.

Scott Ocholik has been a valued member of The Shyft Group's executive team since 2019, originally joining as Vice President and Corporate Controller. His rapid ascent in leadership roles culminated in his position as Vice President and Chief Accounting Officer. With a solid educational background, Ocholik holds both a Bachelor of Arts in Accounting and a Master of Business Administration from Michigan State University, equipping him with the necessary skills to navigate complex financial landscapes.

In his own words, Ocholik expressed enthusiasm about this new role at a pivotal moment for The Shyft Group. He stated, “I am excited to step into this role at a pivotal time for Shyft. I look forward to working closely with the team as we advance our strategic objectives.” His commitment to collaborating with the leadership team indicates a focus on continuity and alignment with the company’s long-term goals.

The Shyft Group, recognized as a leader in the North American specialty vehicle market, has a rich history spanning over 50 years. The company specializes in manufacturing and assembling vehicles for diverse applications, including delivery, service, and retail. With a portfolio of established brands such as Utilimaster®, Blue Arc™ EV Solutions, and Royal® Truck Body, The Shyft Group is known for its quality products and durability.

The decision to appoint an interim CFO while actively searching for a permanent replacement reflects a strategic approach to leadership continuity. The Shyft Group’s Board of Directors is conducting a thorough search for a permanent CFO, evaluating both internal and external candidates to ensure the best fit for the company’s future vision.

Operating across 19 locations and employing approximately 3,000 individuals, The Shyft Group reported impressive sales figures of $872 million in 2023 alone. This financial strength underlines the importance of effective leadership during transitional phases to maintain the momentum and execution of strategic priorities.

As The Shyft Group prepares to embark on this new chapter of leadership under Ocholik’s interim guidance, stakeholders are optimistic about the company’s direction and its ability to continue pioneering innovations in the specialty vehicle manufacturing sector. With a focus on growth and stability, The Shyft Group aims to enhance its operational capabilities while providing exceptional service to a broad range of customers, from government entities to commercial operations.

As developments unfold, the corporate atmosphere within The Shyft Group is set to remain active and adaptive, with confidence placed in Ocholik’s expertise to navigate this significant period of transition. The industry will be watching closely as The Shyft Group continues to evolve and strengthen its position in the market.