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Horizon Global names board chairperson

Horizon Global Corp., a U.S. manufacturer and distributor of cargo management accessories, said March 2 that Denise Ilitch has been appointed as chairperson of the company's board of directors.

Ilitch was co-chair of the company's board alongside CEO Mark Zeffiro, who will remain a director.

Horizon Global's board also approved an amendment to its articles of incorporation to declassify the board of directors. The amendment is subject to shareholder approval at the company's 2018 annual meeting and, if approved, the declassification would be implemented over a period of three years.