Douglas Dynamics, Inc. announced that the Board of Directors has elected Joher Akolawala to serve as a director of the Company. The Company also announced that James D. (Jim) Staley has decided to retire from the Board at the end of his current term expiring at the 2023 annual meeting of stockholders. Mr. Staley has been serving as a director since 2010.

Mr. Akolawala is currently Executive Vice President and Chief Financial Officer at Pella Corporation, where he enjoys a broad scope of roles including finance, technology, M&A, and strategy. Prior to joining Pella, Mr. Akolawala was the Senior Vice President and Chief Financial Officer – International at Walgreens Boots Alliance, a global retail pharmacy group from 2019 to 2020, based in London, U.K. In 2014, Mr. Akolawala joined Mondelez International, a global snack focused company, undertaking a variety of IT, cyber-security, and finance roles during his six-year tenure, including Senior Vice President and Global Chief Information Officer, and Senior Vice President, Global Finance. From 1991 to 2014, Mr. Akolawala expanded his career at Kraft Foods Group, now part of global food and beverage company The Kraft Heinz Group, where he held a variety of finance and leadership positions in the U.S., Europe, and Latin America focusing on disciplines such as financial planning and analysis, manufacturing, procurement, and global supply chain.

Mr. Akolawala received his Bachelor of Business Administration in Accounting from College of Engineering Pune, India, and a Master of Business Administration from the Darla Moore School of Business at the University of South Carolina. Mr. Akolawala will serve on each of the Audit, Compensation and Nominating and Corporate Governance Committees of the Board and will be in the class of directors that will be up for reelection at the 2023 annual meeting of stockholders.