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Hendrickson announces president, CEO retirement, names a successor

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Jason Morgan is the content director of Fleet Equipment. He has more than 15 years of B2B journalism experience covering the likes of trucking and construction equipment, real estate, movies and craft beer industries.

After 32 years, Gary Gerstenslager, president and CEO of Hendrickson, announced his retirement at the end of the year. Gerstenslager joined Hendrickson in 1989, and the company says his passion, technical knowledge and drive for excellence lead to a transformation in product design and manufacturing which permeates all of Hendrickson today.

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“Gerstenslager became president in 2006, and in 2007, became the first CEO, in addition to president, in Hendrickson’s history. Gary embraced this role and over his 15 years as president turned Hendrickson from an important supplier within the NAFTA commercial vehicle into a leading global supplier,” Stated Matthew Boler, chairman, president and CEO of The Boler Co., parent company of Hendrickson.

“Hendrickson is committed to a seamless leadership transition, and we are pleased to announce Matt Joy will assume Gary’s responsibilities and be promoted as the fifth president and second CEO in Hendrickson’s history, effective Jan. 1, 2022,” Boler added.

Matt joined Hendrickson in 2006 and the company says he has been instrumental in the ongoing transition of the company, eventually moving through several successive roles as vice president/general manager of the specialty products group, vice president/general manager of the truck division, and, since January 2020, as the chief operating officer for Hendrickson.

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