Wabash appoints Hackett chairman
Trailer manufacturer Wabash National Corp., based in Lafayette, IN, has named John T. Hackett, a member of its board of directors since 1991, to be its chairman. Hackett is managing general partner of CID Equity Partners, a private investment partnership providing equity and debt financing to companies in the Midwest.
Wabash has had a difficult year so far. The company watched its net sales for the second quarter of 2001 drop to $212.2 million, compared to $358.7 million for the same period last year. That created a net loss for the quarter of $10.8 million, before inventory and other nonrecurring charges, compared to net income of $7.5 million for the same period last year.