Titan Machinery Inc. (NASDAQ:TITN) announced today that it has appointed
Jody Horner to its Board of Directors. Ms. Horner's term will begin
August 1, 2015. With the appointment of Ms. Horner, the Board now
consists of nine board members, including seven independent members.
"We are pleased that Jody has accepted the invitation to join our Board
of Directors," said David Meyer, Titan Machinery's Chairman and Chief
Executive Officer. "Jody has enjoyed a distinguished career, including a
wide range of leadership roles at Cargill, Inc. We believe that we will
benefit from Jody's deep knowledge of the global agriculture market and
her operational experience at a large, multi-national corporation. We
look forward to her contributions to Titan Machinery."
"Titan Machinery operates one of the leading networks of full service
agricultural and construction equipment stores in the United States and
Europe and I am pleased to be appointed to the Company's Board of
Directors," said Ms. Horner. "I look forward to applying my experience
and supporting Titan Machinery as it executes on its long-term growth
strategy."
Since February 2015, Ms. Horner has served as President of Midland
University, a private liberal arts college located in Fremont, Nebraska.
Prior to joining Midland University, Ms. Horner spent over 30 years at
Cargill, Inc., serving in a variety of leadership roles. From 2008 to
February 2015, Ms. Horner held dual roles, including President of
Cargill Meat Solutions, one of Cargill's largest sectors, comprised of
six independent animal protein businesses, and President/Business Unit
Leader of Cargill Case Ready, which produces value-added protein
products for the world's largest retailers and food service companies.
At Cargill, Ms. Horner served on several corporate committees including
the Global Business Conduct & Ethics Committee, a sub-group of the Audit
Committee of the Board of Directors, and the Global Enterprise Process,
Data and Technology Committee. Ms. Horner also served as Executive
Sponsor for Cargill's worldwide business with Walmart and Sysco. From
2006 to 2008, she served as President/Business Unit Leader of Cargill
Salt. Prior to that, she served as Vice President, Corporate Global
Diversity and Vice President, Human Resources, where she provided
strategic human resources leadership to 40+ business units/functions
with 50,000 employees. She had previously held a number of other roles
of increasing responsibility. Ms. Horner joined Cargill in 1984 as
Merchant/Merchandising Manager of Cargill Flour Milling.
Ms. Horner earned a BA in Economics from St. Olaf College, Northfield,
MN and an MBA from Carlson School of Management, University of
Minnesota, Minneapolis, MN.
About Titan Machinery Inc.
Titan Machinery Inc., founded in 1980 and headquartered in West Fargo,
North Dakota, is a multi-unit business with mature locations and
newly-acquired locations. The Company owns and operates a network of
full service agricultural and construction equipment stores in the
United States and Europe. The Titan Machinery network consists of 92
North American dealerships in North Dakota, South Dakota, Iowa,
Minnesota, Montana, Nebraska, Wyoming, Wisconsin, Colorado, Arizona, and
New Mexico, including two outlet stores, and 16 European dealerships in
Romania, Bulgaria, Serbia, and Ukraine. The Titan Machinery dealerships
represent one or more of the CNH Industrial Brands (CNHI), including
CaseIH, New Holland Agriculture, Case Construction, New Holland
Construction, and CNH Capital. Additional information about Titan
Machinery Inc. can be found at www.titanmachinery.com.
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Investor Relations Contact:
ICR, Inc.
John Mills,
Partner
310-954-1105
jmills@icrinc.com