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WillScot Holdings Corp (NASDAQ:WSC), a $4.3 billion market cap company with impressive gross profit margins of 53%, announced Wednesday a series of executive leadership changes to take effect in the coming months, according to a statement based on a filing with the Securities and Exchange Commission. According to InvestingPro analysis, the company is currently trading near its 52-week low but shows strong fundamentals with net income expected to grow this year.
Timothy D. Boswell, currently President and Chief Operating Officer, will succeed Bradley L. Soultz as Chief Executive Officer effective January 1, 2026. Boswell will also join the company’s board of directors at that time, as the board expands from ten to eleven members. The board did not appoint Boswell to any of its committees.
In connection with Boswell’s promotion, he will receive two grants of 100,000 stock options each, vesting over three years. The first grant will be made on September 4, 2025, and the second on or about January 2, 2026. Boswell’s amended employment agreement, effective January 1, 2026, provides for an annual base salary of $850,000, eligibility for an annual cash performance bonus targeted at 125% of base salary, and annual equity awards with an initial target value of $2,700,000. The agreement runs through December 31, 2028, and outlines severance terms if Boswell’s employment ends without cause or for good reason.
Soultz’s separation as CEO is scheduled for December 31, 2025, and is classified as a termination without cause under his existing agreement. A separation agreement provides for payments and benefits contingent on compliance with its terms and the provision of a release of claims.
Effective September 4, 2025, Worthing Jackman, currently Chair of the Board, will become Executive Chair and an employee of the company. Jeff Sagansky will assume the role of Lead Independent Director. Jackman’s employment terms include a $300,000 annualized base salary and one-time equity awards: performance share units valued at $1,600,000, 120,000 stock options, and restricted stock units valued at $1,200,000, all subject to specified vesting schedules. Restrictive covenants will apply during and for 24 months following his employment.
All information is sourced from a press release statement and the company’s SEC filing.
In other recent news, WillScot Mobile Mini Holdings Corp reported its Q2 2025 earnings, with revenue reaching $589 million, slightly above the forecast of $587.1 million. Despite macroeconomic challenges, the company’s financial performance demonstrated resilience. Additionally, WillScot announced a leadership change, with Tim Boswell set to succeed Brad Soultz as CEO effective January 1, 2026. Boswell will also join the company’s Board at that time. Worthing Jackman, previously the non-Executive Chairman, has taken on the role of Executive Chairman to support the CEO and senior management team. Jeff Sagansky, a Board member since 2017, has been appointed as Lead Independent Director. These developments reflect strategic shifts within the company as it navigates its future trajectory.
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