CVG Announces Election of William C. Johnson to Board of Directors

Rhea-AI Summary

Commercial Vehicle Group (CVG) (NASDAQ: CVGI) announced the election of William C. Johnson as an independent director to the Board, effective December 8, 2023. Mr. Johnson, with extensive leadership experience, will serve on the Compensation Committee and the Nominating, Governance and Sustainability Committee of the Board. He brings a wealth of experience from executive roles in various companies, including Avail Infrastructure Solutions, Welbilt, Inc., and Chart Industries, Inc. With a background in Ceramic engineering and a Master of Business Administration, Mr. Johnson's appointment aims to contribute to CVG's strategy to grow shareholder value.

NEW ALBANY, Ohio, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Commercial Vehicle Group (the “Company” or “CVG”) (NASDAQ: CVGI), a global leader in the design and manufacturing of electrical systems, vehicle components and accessories, plastic products and robotic assemblies, today announced that its Board of Directors (the “Board”) has elected William C. Johnson as an independent director to the Board, effective December 8, 2023. Mr. Johnson will serve on the Compensation Committee and the Nominating, Governance and Sustainability Committee of the Board. He will stand for re-election at the Company’s 2024 Annual Meeting of Stockholders.

Mr. Johnson, 60, brings tremendous leadership experience to the CVG Board. Since October 2022, Mr. Johnson has served as CEO and a member of the Board of Directors of Avail Infrastructure Solutions. From October 2018 to July 2022, Mr. Johnson served as the President and CEO of Welbilt, Inc. (WBT), and from July 2016 to June 2018, he served President and CEO and COO of Chart Industries, Inc. Prior to that he held multiple roles of increasing responsibility at Dover Refrigeration and Food Equipment, Hillphoenix, ABB and ESAB. Mr. Johnson holds a Bachelor of Science degree in Ceramic engineering from Alfred University and a Master of Business Administration from Rollins College. He started his professional career as a Nuclear engineer in the US Navy aboard the submarine USS Stonewall Jackson.

“We welcome Bill to the CVG Board as the company executes its strategy to grow shareholder value,” said Robert Griffin, Chairman of the Board. “CVG will greatly benefit from his proven leadership experience. His record of success across various executive roles speaks to his exceptional capabilities that will serve us well in the Board room.”

“Being elected to the CVG Board of Directors is a tremendous honor,” said Mr. Johnson. “I am excited to work alongside the Board’s distinguished leaders to help guide the Company’s strategy into 2024 and beyond.”

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.

Investor Relations Contact:
Ross Collins or Stephen Poe
Alpha IR Group
CVGI@alpha-ir.com

Media Contact:
Patrick Woolford
Patrick.woolford@cvgrp.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0c9bf1e4-0a2f-4433-b4ae-9098329898f8

FAQ

Who is the new independent director elected to the Board of Commercial Vehicle Group (CVG)?

William C. Johnson has been elected as the new independent director to the Board of Commercial Vehicle Group (CVG), effective December 8, 2023.

What committees will William C. Johnson serve on as a director of Commercial Vehicle Group (CVG)?

William C. Johnson will serve on the Compensation Committee and the Nominating, Governance and Sustainability Committee of the Board of Commercial Vehicle Group (CVG).

What is William C. Johnson's professional background?

William C. Johnson has held executive roles in various companies, including Avail Infrastructure Solutions, Welbilt, Inc., and Chart Industries, Inc. He holds a Bachelor of Science degree in Ceramic engineering from Alfred University and a Master of Business Administration from Rollins College.

What is the reaction of the Chairman of the Board of Commercial Vehicle Group (CVG) to the election of William C. Johnson?

The Chairman of the Board, Robert Griffin, welcomed Bill to the CVG Board, stating that CVG will greatly benefit from his proven leadership experience.

What is the significance of William C. Johnson's appointment to the Board of Commercial Vehicle Group (CVG)?

William C. Johnson's appointment aims to contribute to CVG's strategy to grow shareholder value, leveraging his exceptional capabilities and proven leadership experience.