Horizon Global Corp., manufacturer of branded towing and trailering equipment, has named Jamie Pierson as chief financial officer (CFO), effective Monday, June 10. Pierson will have responsibility for the company’s global finance function, including financial reporting, tax, treasury and financial planning and analysis.
Carl Bizon, president and CEO of Horizon Global, commented, “We are pleased to welcome Jamie as Horizon Global’s new chief financial officer. He is the right financial leader at the right time for Horizon Global, and we are excited to welcome Jamie to the global team. Jamie’s background in financial leadership has him uniquely positioned to make an immediate impact on our company. His skill set includes deep experience in business turnarounds, cash management and financial planning and analysis. Jamie’s public-company expertise includes SEC reporting and investor relations. We have made considerable progress in advancing our operational improvement initiatives over the past 18 months, and the addition of a CFO with Jamie’s extensive turnaround and operational experience will be essential to our overall success.”
Prior to joining Horizon Global, Pierson served as CFO of PrimeSource Building Products, one of the nation’s largest distributors of building products. Prior to that, he was CFO of YRC Worldwide Inc., a Fortune 500 company that is a leading provider of transportation and global logistics services. While at YRC Worldwide, Pierson was responsible for helping execute a multi-faceted operational turnaround and refinancing. Prior to joining YRC Worldwide, he served as managing director at Alvarez & Marsal, where he worked with multiple organizations facing a broad range of operational and financial challenges.
The company also announced that Barry Steele, who had been serving as CFO for Horizon Global since Feb. 18, will be leaving the company for personal reasons.
Bizon concluded, “We would like to thank Barry for his efforts during his tenure as CFO and wish him well in his future endeavors. As Jamie fully transitions into his new role, we will look to immediately leverage his unique skills and experience to execute against Horizon’s ongoing business improvement initiatives. We also look forward to his strategic collaboration with me, our board and the rest of the management team as we work to reduce the company’s debt and improve our operational performance over the next several quarters.”
