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Pon Material Handling Group Formed, Names David O. Turner as CEO and Announces Move to Houston, Texas

Thursday, May 28, 2009

Pon Material Handling announced today that David O. Turner has become the Chief Executive Officer of the global forklift, aerial lift and materials handling equipment companies owned by the privately held Pon Holdings B.V. of the Netherlands. In addition, Pon Material Handling announced that it has moved its group staff to Houston, Texas, from locations throughout the United States and Europe.

Turner will be responsible for managing Pon’s global material handling group of companies with operations in the United States and Europe. The 13 distinct operating companies of the Pon Material Handling group had sales of more than one billion $USD in 2008. It employs more than 2,600 employees working from more than 65 locations in eight countries on two continents.

The Pon Material Handling group is comprised of three uniquely branded material handling sales, service and rental groups:
• The five Equipment Depot material handling companies of the Pon North America group
• The four Gunco rental companies in western and central Europe
• The four Motrac material handling companies in western Europe.

“Combining all of Pon’s material handling companies under one umbrella will give us the opportunity to adapt best practices from both continents and deploy our resources where they provide the best return,” Turner stated. “It also allows us to develop stronger relationships with customers and suppliers whose operations are increasingly becoming global.”

Turner replaces Donald G. Moes, who is retiring after 42 years in the material handling business in the United States. For the last two years Moes served as CEO of Pon North America’s Equipment Depot material handling group which is being rolled into the new Pon Material Handling group based in Houston.

“While this is a challenging time for the material handling and aerial lift business, Pon is committed to be an industry leader for years to come,” Turner stated. “We continue to acquire successful companies that fit our performance criteria and whose employees can grow with us.”

Turner most recently was Managing Director of Pon Power in the Netherlands. Prior to that he served from 2003 to 2007 as President and CEO of W&O Supply based in Jacksonville. FL, which was acquired by Pon Holdings BV in 1999. He is a native of Pittsburgh, PA, and a graduate of the University of South Carolina.

Turner announced that his group staff, which had previously been based in New York, Cincinnati, Amsterdam, Chicago and Houston, has been consolidated in interim offices located in southwest Houston while a permanent location is selected.

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