WillScot announces Tim Boswell to succeed Brad Soultz as CEO

PHOENIX - WillScot Holdings Corporation (NASDAQ:WSC), a modular space solutions provider with a market capitalization of $4.26 billion, announced that its Board of Directors has unanimously elected Tim Boswell to succeed Brad Soultz as Chief Executive Officer, effective January 1, 2026. Boswell will also join the company’s Board at that time. According to InvestingPro analysis, the company maintains impressive gross profit margins of 53.31%, indicating strong operational efficiency.

The temporary space solutions provider also announced that Worthing Jackman, current non-Executive Chairman, will immediately assume the role of Executive Chairman to assist the CEO and senior management team in achieving the company’s strategic objectives. Jeff Sagansky, a Board member since 2017, has been appointed Lead Independent Director.

Boswell has served 13 years at WillScot in various leadership positions, most recently as President and Chief Operating Officer. His experience includes capital markets, mergers and acquisitions, pricing, marketing, and the development of Value-Added Products and Services.

"I have been deeply involved in the CEO succession planning process, which was underway when I joined the Board, and I strongly believe this is the right path forward," said Jackman.

Soultz, who will step down after growing the company’s revenues more than five-fold to $2.35 billion and increasing free cash flow to over $500 million during his tenure, expressed gratitude to his colleagues. InvestingPro data reveals that management has been actively buying back shares, demonstrating confidence in the company’s future prospects. Subscribers can access 8 additional exclusive ProTips and comprehensive financial analysis on the platform.

"I have had the pleasure of collaborating with Tim over the last 12 years and am delighted to have him succeed me as the business remains focused on continuing to deliver on its strategic milestones," Soultz stated.

Boswell said he was "honored and humbled" to take on the position and looked forward to working with the team to drive continued success.

WillScot provides modular office complexes, mobile offices, classrooms, restrooms, storage containers, and other temporary space solutions across North America.

This announcement was based on a company press release statement.

In other recent news, WillScot Mobile Mini Holdings Corp reported its Q2 2025 earnings, with a total revenue of $589 million, slightly exceeding the forecasted $587.1 million. The earnings per share (EPS) details were not included in the forecast, but the company demonstrated resilience amid macroeconomic challenges. Analysts did not provide an upgrade or downgrade for the company in this report. Despite the absence of EPS figures, the revenue results highlight the company’s ability to navigate challenging economic conditions. There were no significant mergers or acquisitions announced in this period. Other company news did not include any major developments or strategic shifts. These recent developments provide insight into the company’s current financial health and market position.

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