WillScot Welcomes New CEO as Leadership Evolves for Growth
WillScot Appoints New Chief Executive Officer
WillScot Holdings Corporation, recognized for its innovative temporary space solutions, has announced a significant leadership transition. Tim Boswell, who has previously served as President and Chief Operating Officer, is set to succeed Brad Soultz as Chief Executive Officer starting January 1, 2026. This exciting change comes as part of the Company's strategic plan to innovate and enhance their offerings.
About the Leadership Changes
In addition to Tim Boswell's appointment, Worthing Jackman will step into the role of Executive Chairman of the Board, ensuring a seamless transition as he continues to lead the Board and support the new CEO and senior management in executing the Company’s plan. Furthermore, Jeff Sagansky, who has served on the Board since 2017, has been appointed as Lead Independent Director.
Tim Boswell’s Journey with WillScot
Tim Boswell has been a vital part of WillScot's success over his 13-year tenure, playing a pivotal role in the Company's expansion. His previous roles have encompassed key leadership positions in finance and operations, leading initiatives that have significantly scaled the operations. Under his guidance, the Company has diversified and enhanced its offerings, including the development of Value-Added Products and Services (VAPS).
Vision for the Future
Mr. Jackman commented on the transition, expressing strong confidence in Boswell’s capabilities. Having personally transitioned from CFO to CEO, he acknowledges the challenges involved and believes that Tim's extensive experience and commitment to growth make him well-prepared for the new role.
Strategic Direction and Growth
Jackman noted that he and the Board have been actively evaluating the long-term plan and believe that under Tim’s leadership, WillScot is well-positioned for continued growth. The focus on enhancing accountability and urgency is expected to drive increased shareholder value.
Celebrating Past Successes and Future Opportunities
Reflecting on his time as CEO, Brad Soultz noted the dramatic growth the Company has experienced, with revenues increasing over fivefold and free cash flow surpassing $500 million during his tenure. His commitment to teamwork and collaboration has underscored the Company's achievements, and he expressed gratitude to his colleagues for their support during the transformation.
Excitement for New Challenges
Tim Boswell expressed his gratitude for the trust placed in him by the Board and his excitement to lead the team at WillScot. His tenure as COO provided him with invaluable insight into the operations, and he is eager to drive the business forward while maintaining a strong market presence.
About WillScot
WillScot Holdings Corporation operates as the premier provider of innovative space solutions in North America, offering a wide range of products including modular offices, mobile classrooms, and portable storage solutions. The Company's mission is to deliver comprehensive and high-quality solutions to a diverse range of customers across various sectors.
Frequently Asked Questions
Who is the new CEO of WillScot?
Tim Boswell has been appointed as the new Chief Executive Officer, effective January 1, 2026.
What role will Worthing Jackman serve?
Worthing Jackman will serve as Executive Chairman of the Board, supporting the new CEO and Board.
What is Tim Boswell's experience at WillScot?
Tim has been with WillScot for 13 years and has served in various leadership roles primarily in finance and operations.
What achievements were highlighted during the transition?
The Company has significantly grown its revenues and free cash flow, with a fivefold increase under the previous CEO.
What is WillScot's core business?
WillScot provides innovative and turnkey space solutions, including modular and mobile offices, to various sectors across North America.
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