Leadership Changes at WillScot as New CEO Takes Charge
Tim Boswell Steps into CEO Role at WillScot
In a significant leadership transition, Tim Boswell has been appointed as the new Chief Executive Officer of WillScot Holdings Corporation (NASDAQ: WSC). This change, effective January 1, 2026, replaces Brad Soultz, who has dedicated himself to the company’s rapid growth in recent years. Boswell, who currently serves as the President and Chief Operating Officer, will also be joining the Board of Directors at this time.
New Roles and Responsibilities
Alongside Boswell's promotion, Worthing Jackman has been named Executive Chairman of the Board. His new position will enhance his role in guiding the company towards achieving its strategic goals, supporting not only the new CEO but also the entire senior management team. Additionally, Jeff Sagansky has been appointed as the Lead Independent Director, marking a new phase of oversight for the Board.
Tim Boswell has been an integral part of WillScot for 13 years, where he has taken on various leadership roles encompassing finance and operations. His extensive experience is poised to help steer the company further during this critical transition phase.
Reflections on Leadership Transition
Jackman expressed confidence in Boswell's abilities, highlighting his commitment and skills that have proved pivotal to the company’s journey thus far. He remarked on the importance of the succession planning process, emphasizing that this leadership change is well-timed and crucial for future growth.
Strategic Focus and Growth
The Board, under Jackman’s guidance, has worked diligently to align its long-term strategic plans with effective execution. They believe that with Boswell at the helm, WillScot will continue to enhance its focus on operational growth and value creation for shareholders. Jackman noted, “Tim has played an important role in leading the business, and his skills and commitment are clear.”
The collective achievements under Soultz's leadership have been remarkable, with revenues growing over five-fold and generating more than $500 million in free cash flow. This success is a testament to the strong leadership and collaborative efforts of the entire team at WillScot.
Commitment to Innovation and Expansion
As the newly appointed CEO, Boswell recognizes the hard work of his team in achieving these milestones. He expressed gratitude towards his colleagues, noting that the company’s transformation is a direct result of the talented individuals within the organization. He voiced excitement about driving growth and fostering a culture of innovation as they aim to meet the evolving needs of their customers.
About WillScot Holdings Corporation
WillScot, recognized on the Nasdaq stock exchange under the ticker symbol “WSC,” stands as a leader in providing innovative and flexible space solutions across North America. The company offers a diverse range of products and services including modular office complexes, mobile offices, classrooms, temporary restrooms, and portable storage solutions, designed to meet the needs of various customer segments across multiple industries.
With a robust operational network of approximately 260 branch locations and additional facilities, WillScot continues to expand its footprint, ensuring reliable service delivery to clients throughout the United States, Canada, and Mexico. The company’s commitment to providing comprehensive, turnkey solutions is central to its growth strategy.
Frequently Asked Questions
1. Who is the new CEO of WillScot Holdings Corporation?
Tim Boswell has been appointed as the new CEO effective January 1, 2026, succeeding Brad Soultz.
2. What role does Worthing Jackman play in the leadership transition?
Worthing Jackman has taken on the position of Executive Chairman of the Board to assist Boswell and guide the company strategically.
3. How has WillScot's performance been under Brad Soultz?
Under Soultz's leadership, WillScot has experienced significant growth, with revenues increasing over five times and achieving more than $500 million in free cash flow.
4. What services does WillScot provide?
WillScot offers a range of space solutions including modular offices, mobile units, classrooms, and portable storage options tailored for diverse industries.
5. Where is WillScot headquartered?
WillScot is headquartered in Phoenix, Arizona, with operations across North America.
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