Titan Machinery Inc. announced as part of its leadership succession plan, David Meyer, the Company?s Founder, Chairman, and Chief Executive Officer, will transition to Executive Chairman effective February 1, 2024, and will also continue to serve as Chairman of the Board. At that time, Bryan Knutson, the Company?s President and Chief Operating Officer, will succeed Mr. Meyer as Chief Executive Officer, holding the position of President and Chief Executive Officer, and will become a member of the Company?s Board of Directors. David Meyer co-founded Titan Machinery in 1980 on the principle of best-in-class product support, and as an early pioneer of dealer consolidation, saw the benefits of consolidating dealership resources to leverage scale, equipment and parts inventories, training, and other industry expertise to provide world-class equipment support to all its agricultural and construction customers.

As the Company?s long-time CEO and largest shareholder, Mr. Meyer has driven the expansion of the Company?s footprint from its initial two store locations in 1980 to an international dealership network which now spans 3 continents with nearly 150 locations. In his new role as Executive Chairman, Mr. Meyer will focus his efforts on leading the Board of Directors, providing counsel to Mr. Knutson and the leadership team, and continuing to advance Titan?s acquisition strategy. Mr. Knutson has established a successful track record at Titan Machinery for more than two decades, most recently as Chief Operating Officer since 2017, and adding the position of President in 2022.

Prior to these executive roles, Mr. Knutson led Titan Machinery?s North American Agriculture and Construction Equipment Operations and has implemented lasting positive changes across the organization, leveraging his first-hand experience as a Sales Consultant, General Manager, and various Senior Field positions. Mr. Knutson has an extensive understanding of the Titan Machinery business and will bring his deep appreciation of Titan?s culture to grow upon the success that Mr. Meyer established during his time as Chief Executive Officer. In addition to his involvement in several industry organizations and dealer groups, Bryan is Chairman of the Board of the Pioneer Equipment Dealers Association representing Industry Equipment Dealers in Minnesota, North Dakota, and South Dakota, and has served long tenures on both the Case IH Agriculture and Case Construction Dealer Advisory Boards.

Bryan graduated from Concordia College in Moorhead, MN, with honors where he played varsity hockey and was a member of the academic all-conference team.