Business
Commercial Vehicle Group Announces CEO Transition
NEW ALBANY, Ohio, March 23, 2020 /PRNewswire/ -- Commercial Vehicle Group, Inc. (the "Company" or "CVG") (NASDAQ: CVGI), a leading supplier of
About this update from Commercial Vehicle Group, Inc.
[{"type":"text","content":"NEW ALBANY, Ohio, March 23, 2020 /PRNewswire/ -- Commercial Vehicle Group, Inc. (the \"Company\" or \"CVG\") (NASDAQ: CVGI), a leading supplier of fully-integrated system solutions for the global commercial vehicle market, announced today that the independent members of its Board of Directors has unanimously appointed Harold C. Bevis as President and Chief Executive Officer, replacing Patrick E. Miller effective immediately. Mr. Bevis will also remain a Director of the Company.\n\n \n \n \n \n \n \n\n \nChairman of the Board of Directors, Robert C. Griffin noted, \"I have worked closely with Harold as a fellow director at CVG for nearly six years and believe he is the right leader for the company at this time. Harold has extensive expertise building and growing global businesses, as well as more than a combined 20 years of experience in the electrical, electronics and plastics industries. Under his leadership, he has successfully led several business transformations centered on growth, cost optimization, and strengthening the balance sheet. I look forward to working with Harold in his new capacity as he and the dedicated CVG associates around the world execute our long-term objectives and deliver world-class service to our customers.\"\nMr. Griffin added, \"Pat Miller brought extraordinary energy and dedication to his role as Chief Executive Officer, and I am grateful to him for the passion and leadership he has shown throughout his career at CVG. He leaves here with our thanks for his many accomplishments and our best wishes for the future.\"\nMr. Harold Bevis said, \"It has been a privilege to serve as an independent director at CVG and I am excited to continue my work in my new role as President and Chief Executive Officer. Despite the difficult external environment, I am confident that the Company is well-positioned for long-term growth. We have untapped opportunities to embrace new technologies and innovation and to challenge the status quo as we work to improve our operating performance and achieve disciplined growth. I, along with our Board, believe strongly in CVG's strategy to enhance growth in alignment with favorable macro-economic trends in electronics and electrification, while at the same time diversifying our end market exposure to mitigate cyclicality. However, the pace at which this strategy is implemented must ...