MILWAUKEE, Wis., Jan. 22 /PRNewswire-FirstCall/ -- Joy Global Inc. (NASDAQ:JOYG) today announced that James H. Woodward, Jr. has joined the company as executive vice president and will become chief financial officer replacing Donald C. Roof, who is retiring. Mr. Roof will continue in his current role to allow Mr. Woodward time to devote to an orientation program that will give him a solid grounding in the industry and Joy Global's business before assuming the CFO responsibilities.
Woodward joins Joy Global from JLG Industries, Inc., where he served as executive vice president and chief financial officer from 2000 until its recent acquisition. Prior to JLG, he was with Dana Corporation for 18 years and served in a series of increasingly senior financial and operational roles, including vice president and corporate controller. Woodward holds a BA degree from Michigan State University and began his career with Deloitte & Touche.
"We are delighted that Jim is joining us to become CFO," said Michael W. Sutherlin, president and CEO. "The CFO is a crucial part of any management team, and the outstanding contributions that Don has made in this role have increased our expectations. As a result, we have conducted a lengthy and rigorous search to ensure our new CFO meets those expectations. I am confident that Jim does in every aspect. I know that he will play a strong leadership role in charting and implementing our strategies, in maintaining transparency with our shareholders, and in continuing to improve the financial performance of the company." Sutherlin continued, "I also want to express my gratitude to Don for his commitment to a smooth and seamless transition. Not only is Don staying until the transition is completed, but he is providing the leadership to ensure Jim gets the time, experience and direction to fully understand our business and our markets." About the Company Joy Global Inc. a worldwide leader in manufacturing, servicing and distributing equipment for surface mining through P&H Mining Equipment and underground mining through Joy Mining Machinery. DATASOURCE: Joy Global Inc.
CONTACT: Donald C. Roof, EVP and CFO, Joy Global Inc., +1-414-319-8517; or George Zagoudis, Analyst Contact, Financial Relations Board, +1-312-640-6663
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