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Rev Group welcomes Kathleen M. Steele as new board member

January 11, 2024

In a recent announcement, REV Group, Inc., a leading manufacturer of specialty vehicles, has welcomed Kathleen M. Steele as the newest independent member of its Board of Directors.

This appointment, effective immediately, anticipates the retirement of Donn Viola at the upcoming Annual Meeting of Stockholders in February.

Kathleen M. Steele’s background and experience

Kathleen M. Steele brings a wealth of experience to REV Group’s Board.

Currently an advisor to Equity Group Investments (EGI), a private investment firm based in Chicago, Steele joined EGI in July 2000 and served as a managing director until June 2023.

Her career also includes a tenure in the investment banking division of Merrill Lynch.

In addition to her new role at REV Group, Steele continues to serve on the Board of EagleRidge Energy, an oil and gas development and production company, and on the Investment Committee of Pohlad Investment Management.

Board Chair Paul Bamatter’s statement on the appointment

Paul Bamatter, Board Chair of REV Group, expressed his enthusiasm about Steele’s appointment: “On behalf of REV Group’s Board of Directors, I am pleased to welcome Kathleen to the Board, and thank Donn for his many years of dedication, advice and service.

“As a new member, Kathleen brings extensive investment management and financial leadership expertise to the company.

“We believe her broad experience will help drive value creation for REV Group.”

Educational and philanthropic endeavors of Kathleen M. Steele

Steele is an alumna of Dartmouth College, where she graduated Phi Beta Kappa with a bachelor’s degree in economics and mathematics, magna cum laude.

She is actively involved in several educational and philanthropic organizations.

She chairs the Finance Committee and is a member of the Board of Trustees of Sacred Heart Schools Chicago.

Additionally, Steele is part of the leadership council of A Better Chicago, a venture philanthropy fund dedicated to improving educational opportunities for low-income students in Chicago.

About REV Group, Inc.

REV Group, Inc. is recognized for its design and manufacture of specialty vehicles and related aftermarket parts and services.

The company serves a diverse customer base primarily in the United States through three segments: Fire & Emergency, Commercial, and Recreation. REV Group’s portfolio includes many well-known vehicle brands, several of which have pioneered their specialty vehicle product categories for over 50 years.

FSJA Comment

Kathleen M. Steele’s appointment to the REV Group’s Board of Directors reflects a strategic move in strengthening the company’s leadership structure.

Her extensive background in investment management and financial leadership is poised to contribute significantly to the Board’s decision-making process and overall corporate governance.

As the company navigates the complex landscape of specialty vehicle manufacturing, Steele’s insights and experiences are expected to be invaluable in guiding REV Group through future challenges and opportunities.

This appointment also highlights the growing trend of incorporating diverse perspectives in corporate boards, enhancing the breadth of expertise and experience available to companies.

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