Specialty vehicle manufacturer REV Group appointed Mark Skonieczny as president and CEO effective immediately, the company said in a May 18 news release.
Skonieczny had been serving as the company’s CFO since June 2020 and interim CEO since his predecessor, Rod Rushing resigned in January.
“We are pleased that Mark will continue to lead the company,” Paul Bamatter, chairman of REV Group’s board said in a statement. “He has demonstrated the expertise and urgency towards action needed to profitably grow the business and provide its shareholders with long-term value.”
Before joining REV Group in 2020, Skonieczny served as VP and corporate controller at auto seat manufacturer Adient from 2016 to 2019, according to his LinkedIn. Prior to joining Adient, Skonieczny served in various executive positions at industrial manufacturer Johnson Controls for 17 years.
Skonieczny will get an 86% bump to his base salary, going from his CFO salary of $484,100 to an initial annual base salary of $900,000 as CEO, according to a securities filing.
Securities filings also show his predecessor, Rushing, had a base salary of $902,000, which will continue to be paid for 24 months as part of a separation agreement.
REV Group has begun a search for a CFO to replace Skonieczny.
REV Group manufactures specialty vehicles for the fire and emergency, commercial and recreation sectors. In February, the company announced it was investing $1.5 million toward renovating its manufacturing plant in Ephrata, Pennsylvania. The investments would help triple the facility’s production of tractor-drawn aerials and double its workforce.
“Over the past three months as interim CEO I have been deeply engaged with our local teams to understand and put in place action plans designed to eliminate barriers to quickly unlock value,” Skonieczny said in a statement. “With an unmatched portfolio of iconic brands, resilient operating model, and strong balance sheet, we have significant opportunity to take our business forward.”
