Commercial Vehicle Group Announces Organizational Changes
NEW ALBANY, Ohio, December 4, 2008: Commercial Vehicle Group, Inc. today announced the realignment of its management team to support its strategic initiatives. The Company cited changes in its operating environment, the global commercial vehicle industry and general economic conditions as the primary reasons for the changes.
"We must react to the environment around us when it changes as significantly as we have seen over the past six to twelve months," said Mervin Dunn, President and Chief Executive Officer, of Commercial Vehicle Group. "With our 2007 acquisitions and our major push towards global products for our customers, the time is right to shift our internal model to achieve the highest benefit for CVG and our shareholders," added Mr. Dunn.
Kevin R.L. Frailey, Executive Vice President of Business Development, will assume the role of Executive Vice President and General Manager for Electrical Systems, which will include both the domestic and international wire harness operations. Mr. Frailey's current responsibilities in business development and research & development will be transitioned to Bob Averitt, Vice President of Strategy and Business Integration.
Ken Bush, Senior Vice President and General Manager of Specialty Products, will report directly to Mr. Dunn and focus solely on the Company's aftermarket and specialty products.
Milton D. Kniss, Vice President of Operations, will assume the role of Executive Vice President and General Manager of Seating Systems, which will include both the domestic and international seating operations, and will report to Mr. Dunn.
W. Gordon Boyd, President of Global Construction, will lead the transition of the European seating operations to Mr. Kniss and the wire harness operations to Mr. Frailey over the next several months. When the transition is complete, Mr. Boyd will remain an active member of the executive management team as a Senior Advisor to the CEO, while also focusing on the development and growth of the Company's operations in China, Australia, India, Brazil and South Africa.
Gerald L. Armstrong, President of Global Truck, will assume the role of President and General Manager of Cab Systems, which will include the structural and trim product operations. Mr. Armstrong will also lead the transition of the domestic seating operations to Mr. Kniss and the specialty products business to Mr. Bush over the next several months.
The Company also announced that Chad M. Utrup, Chief Financial Officer, will assume the additional responsibility for corporate human resources from James F. Williams, the Company's Vice President of Organizational Development. In addition, Patrick Miller, Senior Vice President and General Manager of Global Purchasing and Logistics, will oversee the Company's global procurement and logistics and will report directly to Mr. Dunn.
"This realignment will result in a flatter, more functional organization which will allow us to rekindle our entrepreneurial spirit within our core product lines. I have extreme confidence in this management team and our ability to make these changes successful," commented Mr. Dunn.