Contractors Hot Line November 15, 2024 | Page 32

INDUSTRY NEWS
Yanmar Compact Equipment Appoints Jon Lopez as President of EMEA Region
Enerpac Tool Group Appoints Kozik as CFO

INDUSTRY NEWS

JCB Marks Production of One Millionth Engine

Yanmar Compact Equipment Appoints Jon Lopez as President of EMEA Region

JCB has celebrated a major manufacturing milestone with the production of its one millionth engine, highlighting its growth and innovation over the past two decades.
Engine manufacturing began in 2004 at JCB Power Systems in Foston, Derbyshire, and expanded to India in 2010 with a dedicated plant in Ballabgarh, Delhi. Initially producing just three engines per day, JCB now produces approximately 500, establishing itself as a global leader in diesel engine development. The company is also pioneering hydrogen combustion engines, backed by a $ 125 million investment.
“ To have made one million engines in 20 years is quite some achievement,” JCB Chairman Anthony Bamford said.“ This really is a significant moment for our teams around the world, a real achievement. The JCB engine is very well respected around the world for its reliability and very well appreciated by our customers. JCB machines work in dirt and hot and cold climates, and from the moment they go to a customer, they are working hard and doing a full day’ s shift. The engine really is the beating heart of that reputation for reliability.”
Yanmar Compact Equipment( Yanmar CE) has appointed Jon Lopez as the new president of its Europe, Middle East, and Africa( EMEA) region, effective Nov. 1, 2024.
Lopez will lead Yanmar CE’ s strategic growth and operational initiatives across the EMEA markets.
Bringing over 20 years of international experience, Lopez previously served as senior vice president of Truck and Mounted Forklift at HIAB. His expertise in business development, operational excellence and supply chain management spans several industries, including construction equipment and energy systems.
“ We are excited to welcome Jon to the Yanmar Compact Equipment team,” José Cuadrado, CEO of Yanmar CE said.

Enerpac Tool Group Appoints Kozik as CFO

Enerpac Tool Group Corp. has announced the appointment of Darren M. Kozik as executive vice president and chief financial officer, effective Oct. 28. He will report to President and CEO Paul Sternlieb and oversee the company’ s global finance and IT functions.
Kozik joins Enerpac from ManpowerGroup, where he was senior vice president of global corporate finance, leading financial planning, mergers and acquisitions, and investor relations. He previously served as CFO at Mortara Instrument and held various roles at General Electric. Kozik earned a BSBA in economics from Saint Louis University and an MBA from Northwestern University’ s Kellogg School of Management.
Paul Sternlieb, President & CEO, commented,“ We are extremely pleased to announce the appointment of Darren Kozik as CFO. He brings a wealth of experience and expertise in all aspects of finance and will be instrumental as we continue to execute Enerpac’ s growth strategy.”
32 November 15, 2024 www. contractorshotline. com