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JLG INDUSTRIES ANNOUNCES REMOVAL OF CHAIRMAN OF THE BOARD, AND FORMATION OF EXECUTIVE COMMITTEE

 McCONNELLSBURG, Pa., April 30 /PRNewswire/ -- The board of directors of JLG Industries, Inc. (NASDAQ-NMS: JLGI) announced with regret that it has voted in a special meeting yesterday to remove John L. Grove as chairman of the board of directors.
 JLG Industries has issued the following statement:
 Mr. Grove, who remains a director, has been personally critical of the board and current management including Mr. Black. In 1991, Mr. Grove recommended and the Board unanimously appointed Mr. Black as CEO, thus concluding a lengthy effort to find a successor to Mr. Grove, who was then 70 years old. Pursuant to the company's bylaws, Mr. Black will perform the duties of the Chairman of the Board.
 The Board also announced the formation of an Executive Committee comprised of Mr. Black; Chief Financial Officer Charles H. Diller Jr. and three outside directors, Company co-founder and retired Executive Vice President, Paul K. Shockey; Nominating Committee Chairman, James A. Mezera and Charles O. Wood III. The Executive Committee will support the Board in carrying out its responsibilities to the Company and its stockholders. Mr. Grove supported formation of the Executive Committee.
 As previously reported, last summer, JLG's outside directors reviewed the Company's business objectives and performance of senior management. The purpose of this undertaking was to assess and alleviate management's concerns regarding leadership conflicts between Mr. Grove and Mr. Black. Upon completing the review, the independent directors unanimously reaffirmed senior management, including Mr. Black, and directed Mr. Grove to refrain from interfering in the Company's day-to- day operations. At that time, Mr. Grove was asked to continue as non- executive Chairman of the Board.
 Since receiving that direction, Mr. Grove has continued to criticize management and the Company's business objectives. In February, the board amended JLG's bylaws to require the action of both the Chairman and CEO to call a special meeting of the shareholders rather than the Chairman alone. Mr. Grove dissented from that action and in a recent Schedule 13D filed with the Securities and Exchange Commission stated that he intends to seek "to replace at least a majority of the board of directors of (JLG) in an effort to change the composition of the current board of directors and, thereby, change the current management."
 Mr. Grove has taken this action notwithstanding the fact that the board has in place an active Nominating Committee charged with, among other duties, identifying qualified director candidates. Mr. Grove has supported this process and just last month participated in the Committee's meeting. During yesterday's special meeting, Mr. Grove asserted that if Messrs. Black and Diller were removed, the incumbent directors would be well qualified to oversee management.
 Shockey commented, "John helped create the mobile aerial work platform industry when we started JLG in 1969. Understandably he feels a great attachment for the Company. And though he told the Board in 1991 that he recognized naming David as CEO would be in the best long run interests of the company, John has had a difficult time letting go."
 Speaking for the board, Mr. Wood stated, "With the exception of Mr. Grove, David Black and Chuck Diller have the full confidence and respect of the Board and management; since David's appointment as CEO he and Chuck have led the development and implementation of our strategy to emerge from the recession as a stronger, more profitable company." Mr. Wood concluded, "The Board regrets Mr. Grove's recent actions and the need to remove him as Chairman. We hope that Mr. Grove will reconsider his intentions; however, the Board and management are determined to pursue the best interests of the Company, and, if necessary, will take other appropriate action to prevent Mr. Grove from further disrupting the Company."
 JLG Industries, Inc. is a manufacturer and international marketer of aerial work platforms and a leading producer of truck-mounted materials- handling equipment. Sales are made principally to independent distributors who sell and rent the Company's products to a broad customer base, which includes users in the industrial, commercial, institutional and construction markets.
 The Company is headquartered in McConnellsburg, with additional manufacturing facilities in Fort Littleton, Bedford, and York, Pa., and sales and service facilities in Scotland, France and Australia.
 /delval/
 -0- 4/30/93
 /CONTACT: Charles H. Diller Jr., executive vice president and chief financial officer of JLG Industries, 717-485-5161/
 (JLGI)


CO: JLG Industries, Inc. ST: Pennsylvania IN: SU: PER

MP-LJ -- PH013 -- 1892 04/30/93 10:42 EDT
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Date:Apr 30, 1993
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