WillScot announces leadership transition

Photo: WillScot Holdings Corp

WillScot Holdings Corp. has announced executive leadership transitions to align its management structure with strategic priorities and future growth objectives.

Tim Boswell, currently president and chief financial officer, will assume the newly created role of chief operating officer, effective January 1, 2025. In his new role, Boswell will focus on long-term strategic initiatives and execution across WillScot’s portfolio.

Boswell joined WillScot in 2012 and has held various senior leadership roles in finance, strategy, and business development. Prior to WillScot, he worked in private equity and investment banking.

Matt Jacobsen, senior vice president of finance, has been promoted to chief financial officer, also effective January 1, 2025. The company said Jacobsen, who has been with WillScot for 14 years, brings “deep financial expertise” and leadership experience to his new position.

Jacobsen has served as senior vice president of finance since 2020, leading financial planning, treasury, and business intelligence. He joined WillScot in 2010 following six years in Deloitte’s audit practice.

Brad Soultz, CEO of WillScot, said the changes are part of an effort to strengthen execution across the company’s growth priorities and enhance value creation. He highlighted Boswell’s leadership in driving strategy and Jacobsen’s proven financial acumen.

He added that the company is aiming to position itself for further scale and growth in the future; “To that end, we continue to add new functional talent in areas like Commercial Excellence and our Centralised Services to support our outstanding field leadership, ensure we have a best-in-class team capable of delivering upon our aspirations, and consistently deliver the industry’s best customer experience.

“As our portfolio continues to expand, it also became clear that we needed to formalise a chief operating officer role to focus on execution across our multiple growth levers. Tim has been instrumental in architecting our long-term strategy, including a clearly defined value creation roadmap.

“Transitioning into the COO role will allow him to focus fully on executing against that roadmap and will position us well for further growth. The Board and I are confident that Tim’s leadership in this new capacity will drive meaningful impact across our platform.”

On Jacobsen’s promition, Soultz said his expertise make him “uniquely qualified to oversee our financial function.”

“Over his 14 years with WillScot, Matt has consistently excelled and earned the respect of our entire organisation, including in his most recent role as senior vice president of Finance, where he has been instrumental in our reporting and data analytics, capital markets, M&A, business process improvement, and systems integration initiatives. Matt’s promotion also highlights the deep bench of talent that we have developed at WillScot. The entire Board and I are thrilled to have Matt step into this role.”