News Summary
Park-Ohio Holdings Corp. has appointed Andrew C. Clarke to its Board of Directors, effective September 30, 2025. Clarke, a former CFO at C.H. Robinson, brings significant logistics and finance experience to the role, which is expected to enhance shareholder value. Chairman & CEO Matthew V. Crawford expressed excitement about Clarke’s extensive background, indicating it will be beneficial as the company pursues growth. ParkOhio operates internationally, managing around 130 manufacturing and logistics facilities. This strategic appointment highlights the company’s commitment to strengthening its market position and financial leadership.
Cleveland, Ohio – Park-Ohio Holdings Corp. (NASDAQ: PKOH) has announced the appointment of Andrew C. Clarke to its Board of Directors, effective September 30, 2025. Clarke brings a wealth of experience as the former Chief Financial Officer of C.H. Robinson Worldwide, Inc. (NASDAQ: CHRW), and will serve in the capacity of an independent director for ParkOhio.
Matthew V. Crawford, ParkOhio’s Chairman, CEO, and President, expressed enthusiasm about Clarke joining the board, emphasizing his extensive background in logistics and finance, which are seen as significant advantages for the company. Clarke’s expertise in both public and private board roles is expected to contribute positively to shareholder value.
In addition to his forthcoming role at ParkOhio, Clarke is currently a board member at LKQ Corporation (NASDAQ: LKQ). His leadership experience and insights from his previous roles are expected to aid ParkOhio as it continues to expand its market presence.
ParkOhio operates as a diversified international company known for providing supply chain management outsourcing services and manufacturing components. It is headquartered in Cleveland, Ohio, and manages approximately 130 manufacturing sites and supply chain logistics facilities across the globe. The company’s operations are divided into three main segments: Supply Technologies, Assembly Components, and Engineered Products. This structure allows ParkOhio to deliver both capital equipment utilized on production lines and essential components needed for product assembly.
In a related note, C.H. Robinson Worldwide has maintained a strong financial profile with a recent announcement of a cash dividend increase to $0.62 per share. This dividend growth is part of the company’s ongoing strategy to enhance shareholder returns. S&P Global Ratings also recently upgraded C.H. Robinson’s credit rating to ‘BBB+’ from ‘BBB’, reflecting the company’s robust financial health.
Furthermore, Barclays has revised its stock rating for C.H. Robinson from Underweight to Equalweight, with an updated price target set at $130. Benchmark has also reiterated a Buy rating for the company’s stock, establishing a price target of $125 for 2025. These developments indicate a favorable outlook for C.H. Robinson in the financial markets.
It is also noteworthy that Henry W. Winship has recently resigned from the Board of Directors at C.H. Robinson. The resignation was confirmed with no allegations of disagreement regarding the company’s operations or policies.
The appointment of Andrew C. Clarke to the ParkOhio Board of Directors signals an important step for the company as it continues to seek growth and shareholder value enhancement. His extensive experience in financial management and logistics will be instrumental as ParkOhio navigates its future developments in both domestic and international markets.
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Additional Resources
- Business Wire: Andrew C. Clarke Joins ParkOhio Board of Directors
- Wikipedia: ParkOhio
- Investing.com: ParkOhio Holdings appoints former C.H. Robinson CFO to board
- Google Search: ParkOhio
- Cleveland State University: Andrew Bailey
- Google Scholar: Andrew C. Clarke
- York Daily Record: List of Abusive Priests
- Encyclopedia Britannica: ParkOhio
- Cleveland Obits: Robert Clarke Obituary
- Google News: Andrew C. Clarke
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