Market Overview

Tennant Company SVP and Chief Financial Officer Tom Paulson to Retire


Company to Commence Search for Successor

Tennant Company (NYSE:TNC) ("Tennant" or "the company"), a world leader
in designing, manufacturing and marketing of solutions that help create
a cleaner, safer, healthier world, today announced the planned
retirement of Tom Paulson, Tennant's Senior Vice President and Chief
Financial Officer, with an expected effective date in the first quarter
of 2019. Mr. Paulson has committed to remain with the company until his
successor is appointed, and then remain with the company during a
transition period until his retirement date.

This press release features multimedia. View the full release here:

Tom Paulson, SVP and Chief Financial Officer (Photo: Business Wire)

Tom Paulson, SVP and Chief Financial Officer (Photo: Business Wire)

The company will commence a search to identify Tennant's next Chief
Financial Officer, with the assistance of Crist Kolder Associates, a
leading executive search firm.

"As Tennant's Chief Financial Officer for more than twelve years, Tom
has contributed significantly to Tennant's transformation into a global
industry leader," said Chris Killingstad, President and Chief Executive
Officer. "He has played a key role in advancing the company's strategic
initiatives to position Tennant to capitalize on organic and inorganic
growth opportunities and, ultimately, enhance value for our
shareholders. Our acquisition of IPC, the largest in Tennant's history,
and its continued, successful integration, is a true testament to Tom's
leadership and excellence as Tennant's CFO. On behalf of everyone at
Tennant, I would like to thank Tom for his service and dedication and
wish him all the best in his retirement. We are committed to identifying
a successor of equal caliber and to ensuring a seamless transition with
Tom's assistance."

"It has been a privilege to work alongside the talented people at
Tennant, and I am proud of all that we have accomplished together," Tom
said. "With a transformative year behind us and the integration of IPC
on track, I have decided that this is a good time to begin planning for
my next chapter. I have the utmost confidence in Chris's leadership and
in the entire management team's ability to execute on Tennant's business
objectives to position the company for long-term success. I look forward
to seeing what Tennant will accomplish in the years ahead."

Company Profile
Founded in
1870, Tennant Company (TNC), headquartered in Minneapolis, Minnesota, is
a world leader in designing, manufacturing and marketing solutions that
empower customers to achieve quality cleaning performance, reduce their
environmental impact and help create a cleaner, safer, healthier world.
Its products include equipment for maintaining surfaces in industrial,
commercial and outdoor environments; detergent-free and other
sustainable cleaning technologies; cleaning tools and supplies; and
coatings for protecting, repairing and upgrading surfaces. Tennant's
global field service network is the most extensive in the industry.
Tennant Company had sales of $1.0 billion in 2017 and has approximately
4,300 employees. Tennant has manufacturing operations throughout the
world; and sells products directly in 15 countries and through
distributors in more than 100 countries. For more information, visit
The Tennant Company logo and other trademarks designated with the symbol
"®" are trademarks of Tennant Company registered in the United States
and/or other countries.

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