Spartan Motors, Inc.
The following is information regarding Spartan Motors, Inc. .
Please call me at (616) 233-0500 if you have any questions. Thank you for
your interest in Spartan.
Ben Buursma
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Spartan Motors Names Schalter President of
Spartan Chassis, Its Largest Subsidiary
CHARLOTTE, Mich., February 27, 2002 - Spartan Motors, Inc.
today announced Richard Schalter has been appointed as president of the
Company's largest subsidiary, Spartan Motors Chassis, effective March 4.
The Charlotte, Mich.-based manufacturer of custom chassis and emergency
vehicles said Schalter, a five-year veteran of the Company, will replace
Spartan Motors President and Chief Operating Officer John Sztykiel, who also
served as president of the chassis unit. As reported, Sztykiel will become
Spartan Motors' chief executive officer in June.
Schalter, who currently serves as chief financial officer of the Company,
will retain CFO responsibilities while Spartan Motors conducts a nationwide
search for his successor. Schalter will also retain the title of executive
vice president of Spartan Motors, Inc. when he assumes his new post.
"Rich has made significant and varied contributions to Spartan Motors since
he started here in 1996," current chairman and CEO George Sztykiel said.
"He has been one of the key players in our quest to improve operations,
increase productivity and drive down production costs. His experience and
leadership will be invaluable as we position Spartan Motors for continued
growth in each of our core markets."
Schalter, 48, a certified public accountant, has served as secretary,
treasurer, and CFO since November 1996. Before joining Spartan, Schalter
spent seven years as treasurer and director of finance and administration
for Ovid, Mich.-based Great Lakes Hybrids, a subsidiary of German plant
breeder and distributor KWS AG. Prior to that, he spent three years as
treasurer and financial administrator for Lansing, Mich.-based Martin
Systems, Inc., a worldwide supplier of electrical controls and machine
operating systems.
About Spartan Motors
Spartan Motors, Inc. (www.spartanmotors.com) is a leading developer and
manufacturer of custom platforms for recreational vehicles, fire trucks,
ambulances and other specialty vehicles. The Company also owns fire and
rescue vehicle manufacturers Luverne Fire Apparatus, Quality Manufacturing
and Road Rescue, Inc.
The statements contained in this news release include certain predictions
and projections that may be considered forward-looking statements by the
securities laws. These statements involve a number of risks and
uncertainties, including but not limited to economic, competitive,
governmental and technological factors affecting the Company's operations,
markets, products, services and prices, and actual results may differ
materially.
CONTACT: John Sztykiel, President/COO
Spartan Motors, Inc. (517) 543-6400
or
Jeff Lambert, Brian Edwards (mail@lambert-edwards.com)
Lambert, Edwards & Associates, Inc. (616) 233-0500
Ben Buursma
Lambert, Edwards & Associates, Inc.
171 Monroe NW, Suite 500
Grand Rapids, MI 49504
Phone 616.233.0500 Fax 616.233.0600
bbuursma@lambert-edwards.com