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Original Press Release

Executive Management Changes Made at The Boler Company

Press release date: Sep 29, 2006

ITASCA, Ill. - The Boler Company and Hendrickson announce executive management changes.

In order to sustain the continued successful growth of The Boler Company, John M. Boler chairman of the board, today announced the following executive management changes:

John M. Boler is assuming the responsibilities of president and CEO of The Boler Company in addition to continuing as chairman of the board. Reporting to the president will be James Colley, vice president finance and treasury and Nancy B. Coons, vice president administration.

Gary Gerstenslager, general manager of Hendrickson Trailer Suspension Systems, has been promoted to president and chief operating officer, Hendrickson Operations and will report directly to Boler. Reporting to Gary will be the Hendrickson general managers, sales, IT, human resources and finance.

John H. Walker, former president; Keith D. Stephenson, former chief development officer, and Robert Micchelli, former vice president Finance and IT, have left their employment with The Boler Company.

In announcing these management changes, Boler stated that they will allow both The Boler Company and Hendrickson to continue to build on the foundation that initially made The Boler Company the success that it is today.

Hendrickson is one of the largest global suppliers of truck and tractor suspensions, trailer suspensions, truck and trailer lift axles, bumpers and trim components and springs to the commercial transportation industry. Hendrickson, based in Itasca, Ill., continues to meet the needs of the transportation industry after more than 90 years. Visit the Hendrickson Web site at

Ralph E. Norton Media Manager Hendrickson 2070 Industrial Pl. SE Canton, Ohio 44707 e-mail: Phone: 330-489-0473 Fax: 330-489-1965