Wabash National Corporation has elected John Hackett to serve as chairman of the board.
Hackett, a member of the Wabash board of directors since 1991, is managing general partner of CID Equit Partners, a private investment partnership that provides equity and debt financing to companies in the Midwest.
The new chairman will face challenging times. Wabash net sales for the second quarter of 2001 dropped 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.