Board Member Robert Griffin to Retire; William Johnson to Become Chairman of the Board
Commercial Vehicle Group (CVG) announced that Robert C. Griffin will retire from the Board of Directors, effective May 15, 2025. Griffin, who has served as a Director since 2005 and is the current Chairman of the Board, will not stand for re-election at the 2025 annual meeting of stockholders.
William C. Johnson is expected to succeed Griffin as Chairman of the Board. Michael Nauman, Chairman of the Nominating, Governance and Sustainability Committee, acknowledged Griffin's invaluable contributions during his 20-year tenure, particularly highlighting his extraordinary leadership in supporting the company's strategic goals and priorities.
Griffin's retirement is not due to any disagreement with the Company, its management, the Board, or any committee of the Board.
Commercial Vehicle Group (CVG) ha annunciato che Robert C. Griffin si ritirerà dal Consiglio di Amministrazione, con effetto dal 15 maggio 2025. Griffin, che è stato Direttore dal 2005 ed è l'attuale Presidente del Consiglio, non si ripresenterà per la rielezione all'assemblea annuale degli azionisti del 2025.
William C. Johnson è atteso come successore di Griffin come Presidente del Consiglio. Michael Nauman, Presidente del Comitato per le Nomine, la Governance e la Sostenibilità, ha riconosciuto i contributi inestimabili di Griffin durante il suo mandato di 20 anni, sottolineando in particolare la sua straordinaria leadership nel sostenere gli obiettivi strategici e le priorità dell'azienda.
Il ritiro di Griffin non è dovuto a disaccordi con l'Azienda, la sua direzione, il Consiglio o qualsiasi comitato del Consiglio.
Commercial Vehicle Group (CVG) anunció que Robert C. Griffin se retirará de la Junta Directiva, con efecto a partir del 15 de mayo de 2025. Griffin, quien ha sido Director desde 2005 y es el actual Presidente de la Junta, no se presentará a la reelección en la reunión anual de accionistas de 2025.
Se espera que William C. Johnson suceda a Griffin como Presidente de la Junta. Michael Nauman, Presidente del Comité de Nominaciones, Gobernanza y Sostenibilidad, reconoció las valiosas contribuciones de Griffin durante sus 20 años de mandato, destacando especialmente su extraordinario liderazgo en el apoyo a los objetivos y prioridades estratégicas de la empresa.
La jubilación de Griffin no se debe a ningún desacuerdo con la Compañía, su dirección, la Junta o cualquier comité de la Junta.
상업용 차량 그룹 (CVG)는 로버트 C. 그리핀(Robert C. Griffin)이 2025년 5월 15일부로 이사회에서 은퇴한다고 발표했습니다. 그리핀은 2005년부터 이사로 재직 중이며 현재 이사회 의장입니다. 그는 2025년 주주 연례 회의에서 재선에 나서지 않을 것입니다.
윌리엄 C. 존슨(William C. Johnson)이 그리핀의 후임으로 이사회 의장직을 맡을 것으로 예상됩니다. 마이클 노우만(Michael Nauman) 지명, 거버넌스 및 지속 가능성 위원회 의장은 그리핀의 20년 재임 동안의 귀중한 기여를 인정하며, 특히 회사의 전략적 목표와 우선 사항을 지원하는 데 있어 그의 뛰어난 리더십을 강조했습니다.
그리핀의 은퇴는 회사, 경영진, 이사회 또는 이사회의 어떤 위원회와의 불일치 때문이 아닙니다.
Commercial Vehicle Group (CVG) a annoncé que Robert C. Griffin prendra sa retraite du Conseil d'Administration, à compter du 15 mai 2025. Griffin, qui est membre du Conseil depuis 2005 et est l'actuel Président du Conseil, ne se représentera pas lors de l'assemblée annuelle des actionnaires de 2025.
William C. Johnson devrait succéder à Griffin en tant que Président du Conseil. Michael Nauman, Président du Comité des Nominations, de la Gouvernance et de la Durabilité, a reconnu les contributions inestimables de Griffin pendant ses 20 ans de mandat, mettant particulièrement en avant son leadership exceptionnel dans le soutien aux objectifs stratégiques et aux priorités de l'entreprise.
La retraite de Griffin n'est pas due à un désaccord avec l'entreprise, sa direction, le Conseil ou un comité du Conseil.
Commercial Vehicle Group (CVG) hat bekannt gegeben, dass Robert C. Griffin am 15. Mai 2025 aus dem Vorstand ausscheiden wird. Griffin, der seit 2005 als Direktor tätig ist und derzeit Vorsitzender des Vorstands ist, wird sich bei der Jahreshauptversammlung der Aktionäre 2025 nicht zur Wiederwahl stellen.
William C. Johnson wird voraussichtlich Griffin als Vorsitzender des Vorstands nachfolgen. Michael Nauman, Vorsitzender des Nominierungs-, Governance- und Nachhaltigkeitsausschusses, würdigte Griffins unschätzbare Beiträge während seiner 20-jährigen Amtszeit und hob insbesondere seine außergewöhnliche Führung hervor, die die strategischen Ziele und Prioritäten des Unternehmens unterstützt.
Griffins Rücktritt erfolgt nicht aufgrund von Meinungsverschiedenheiten mit dem Unternehmen, dessen Management, dem Vorstand oder einem Ausschuss des Vorstands.
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NEW ALBANY, Ohio, April 04, 2025 (GLOBE NEWSWIRE) -- Commercial Vehicle Group, Inc. (the “Company” or “CVG”) announced the retirement of Robert C. Griffin, from the Board of Directors of the Company, effective May 15, 2025, without standing for re-election at the 2025 annual meeting of stockholders.
Mr. Griffin has served as a Director since 2005 and is the current Chairman of the Board. Mr. Griffin’s retirement is not as a result of any disagreement with the Company, its management, the Board or any committee of the Board. It is expected that William C. Johnson will serve as the Chairman of the Board following Mr. Griffin’s retirement.
The Chairman of the Nominating, Governance and Sustainability Committee, Michael Nauman, thanked Mr. Griffin for his service and leadership on the Board. "Bob has been an invaluable contributor to the Board since the Company's earliest days and provided extraordinary leadership to the Board and the Company during his tenure. On behalf of the entire Board of Directors, I want to express my appreciation for Bob’s contributions as we worked together to support the Company's strategic goals and priorities."
Mr. Griffin said, "It has been a privilege to serve the shareholders of CVG for 20 years. It has been gratifying to work with the Board and management at CVG and I look forward to following their future success." He added, " I wish my fellow directors, and CVG the very best."
Company Contact
Andy Cheung
Chief Financial Officer
CVG
IR@cvgrp.com
Investor Relations Contact
Ross Collins or Stephen Poe
Alpha IR Group
CVGI@alpha-ir.com
About CVG
At CVG, we deliver real solutions to complex design, engineering and manufacturing problems while creating positive change for our customers, industries and communities we serve. Information about the Company and its products is available on the internet at www.cvgrp.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. For this purpose, any statements contained herein that are not statements of historical fact, including without limitation, certain statements herein regarding industry outlook, the Company’s expectations for future periods with respect to its plans to improve financial results, the future of the Company’s end markets changes in the Class 8 and Class 5-7 North America truck build rates, performance of the global construction and agricultural equipment business, the Company’s prospects in the wire harness and electric vehicle markets, the Company’s initiatives to address customer needs, organic growth, the Company’s strategic plans and plans to focus on certain segments, competition faced by the Company, volatility in and disruption to the global economic environment, including global supply chain constraints, inflation and labor shortages, tariffs and counter-measures, financial covenant compliance, anticipated effects of acquisitions or divestitures, production of new products, plans for capital expenditures and our results of operations or financial position and liquidity, may be deemed to be forward-looking statements. Without limiting the foregoing, the words “believe”, “anticipate”, “plan”, “expect”, “intend”, “will”, “should”, “could”, “would”, “project”, “continue”, “likely”, and similar expressions, as they relate to us, are intended to identify forward-looking statements. The important factors discussed in “Item 1A - Risk Factors” in the Company’s Annual Report on Form 10-K, among others, could cause actual results to differ materially from those indicated by forward-looking statements made herein and presented elsewhere by management from time to time. Such forward-looking statements represent management’s current expectations and are inherently uncertain. Investors are warned that actual results may differ from management’s expectations. Additionally, various economic and competitive factors could cause actual results to differ materially from those discussed in such forward-looking statements, including, but not limited to, factors which are outside our control.
Any forward-looking statement that we make in this press release speaks only as of the date of such statement, and we undertake no obligation to update any forward-looking statement or to publicly announce the results of any revision to any of those statements to reflect future events or developments. Comparisons of results for current and any prior periods are not intended to express any future trends or indications of future performance, unless specifically expressed as such, and should only be viewed as historical data.
FAQ
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