PHOENIX, Sept. 03, 2025 (GLOBE NEWSWIRE) -- WillScot Holdings Corporation ("WillScot" or the "Company") (NASDAQ:WSC), a leader in innovative temporary space solutions, today announced that the Company's Board of Directors (the "Board") has unanimously elected Tim Boswell to succeed Brad Soultz as Chief Executive Officer, effective January 1, 2026, and Mr. Boswell will also join the Board at that time. The Company also announced that effective immediately, Worthing Jackman, current non-Executive Chairman of the Board, will now serve as Executive Chairman of the Board, both to continue to lead the Board and to assist the CEO and senior management team in achieving the Company's strategic plan. In addition, Jeff Sagansky, a member of the Board since 2017, was appointed Lead Independent Director, also effective immediately.

During his 13-year career at WillScot, Mr. Boswell has been instrumental in the Company's growth and development, holding multiple leadership roles across finance and operations. As President and Chief Operating Officer, and previously President and Chief Financial Officer, he has driven efforts to build and scale the Company's operations. Mr. Boswell has extensive capital markets experience, as well as has led the development and execution of various strategic initiatives, including M&A, pricing and marketing, in addition to developing and executing the addition of Value-Added Products and Services ("VAPS").

Mr. Jackman commented, "I have been deeply involved in the CEO succession planning process, which was underway when I joined the Board, and I strongly believe this is the right path forward. Tim has played an important role in leading the business, and his skills and commitment are clear. Having gone through the transition from CFO to CEO in a previous role myself, I know the demands of the transition and am confident he is well-prepared. The rest of the Board and I look forward to supporting Tim as he guides the Company into its next chapter."

Continued Mr. Jackman, "During my time on the Board, I have worked alongside my fellow directors to carefully understand and evaluate our long-term plan and I feel confident that WillScot is executing the right strategy. Under Tim's leadership, we expect to continue that focus on growth and execution, with increased urgency and accountability, to drive value creation for our shareholders."

"The Board recognizes the many contributions Brad has made as WillScot has scaled its portfolio and transformed the financial profile of the business, growing revenues over 5x and free cash flow to more than $500 million during his tenure as CEO. We would not be the Company we are today without his tireless dedication," Mr. Jackman concluded.

"I feel a deep sense of gratitude to my colleagues and the entire team for what we've achieved together. The transformation of the business would not have been possible without the talent, commitment and collaboration of this world class team," added Mr. Soultz. "I have had the pleasure of collaborating with Tim over the last 12 years and am delighted to have him succeed me as the business remains focused on continuing to deliver on its strategic milestones."

Mr. Boswell added, "It is a privilege to be named CEO of WillScot, and I am thankful to the Board for their trust and to Brad for his years of dedication and guidance. Together with our talented team, I am confident we will continue to strengthen our market position and create value for our shareholders. Over the past year, serving as COO has given me the privilege of getting even closer to the business and serving employees across the organization. I am honored and humbled to take on this position and excited to work with the whole team to drive our continued success."

Jeff Sagansky, Lead Independent Director of the Board, said, "Worthing has a long term track record of driving superior shareholder returns. The Board and I expect his active leadership as Executive Chair in support and partnership with Tim to reignite growth and improved performance."