Oak Brook, Ill. — Dennis J. Martin will retire as the executive chairman of Federal Signal Corporation, effective December 31, 2016. He will continue to serve on the board as its non-executive chairman.
Martin joined the board of Federal Signal in March 2008 and was appointed as the company’s president and CEO on October 30, 2010. Martin was named executive chairman on January 1, 2016, when Jennifer L. Sherman succeeded Martin as the company’s president and chief executive officer.
“On behalf of the entire board, I want to thank Dennis for his stewardship and dedication to Federal Signal,” says James E. Goodwin, lead director of the board. “Through his leadership, Dennis has played a significant role in improving the company’s competitive position and has delivered significant value to our employees, customers and shareholders. I look forward to continuing to partner closely with Dennis in his role as chairman of the board.”
Founded in 1901, Federal Signal Corporation is a leading global designer, manufacturer and supplier of products and total solutions that serve municipal, governmental, industrial and commercial customers. Headquartered in Oak Brook, Ill., with manufacturing facilities worldwide, the company operates two groups: Environmental Solutions and Safety and Security Systems. For more information, visit www.federalsignal.com.
SOURCE: Federal Signal Corporation