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Gentherm Announces Planned Retirement of Chairman Francois J. Castaing
Board elects Ronald Hundzinski as next Chairman NORTHVILLE, Mich., Jan. 21, 2020 (GLOBE NEWSWIRE) -- Gentherm (NASDAQ:THRM), the global market leader and
About this update from Gentherm Inc
[{"type":"text","content":"Board elects Ronald Hundzinski as next Chairman\nNORTHVILLE, Mich., Jan. 21, 2020 (GLOBE NEWSWIRE) -- Gentherm (NASDAQ:THRM), the global market leader and developer of innovative thermal management technologies, today announced that Chairman of the Board, Francois J. Castaing, has informed the Company’s Board of Directors of his intention to retire at the end of his current term and will not be standing for re-election at the Company’s Annual Meeting of Shareholders that is expected to be held in May 2020.\n Castaing has served as a director of the Company since 2001 and Chairman since 2016. He also held positions as chair of the Nominating Committee, member of the Compensation and Technology Committees and was the former Lead Independent Director. “On behalf of the Board, I would like to thank Francois for the lasting impact he has made on the automotive industry, our community and his contributions to Gentherm, where he has served our Company with great distinction,” said Phil Eyler, President and CEO of Gentherm. “We are grateful for his unwavering dedication, vision and leadership. Personally, I have benefitted greatly from Francois’ mentorship and guidance. We wish Francois well as he embarks on his next adventure.” Over his more than 30-year career, Castaing is recognized as a visionary change agent who helped transform the automotive industry. As an executive with Chrysler, American Motors and Renault, his passion for cars was built on his love to create and to help make a difference in the lives of others. Using his engineering education, he began his career with Gordini designing engines for the 24 Hours of Le Mans races. When Gordini was taken over by Renault his career continued to advance as Renault’s Sport Technical Director. He then joined American Motors (AMC) where in his roles of Vice President of Engineering and Group Vice President Product and Quality, his product engineering leadership resulted in him being widely known as the father of the Jeep Cherokee. In 1987 after Chrysler acquired AMC, Castaing continued to transform Chrysler’s vehicle line-up as Vice President of Vehicle Engineering and President of Chrysler International where he propelled Chrysler’s growth during the 1990s. Castaing finished his distinguished career with Chrysler in 2000 as technical advisor to Chairman Bob Eaton. As a result of his ...