CVG Announces New Chief Commercial Officer
CVGI announced the appointment of Rich Tajer as Chief Commercial Officer (CCO), expanding his role while he continues as Business Leader of Electrical Systems. Mr. Tajer will lead new customer accounts, direct the global sales team, and influence product development agendas. Over the past 21 months, CVGI secured 250 new business awards, targeting approximately $200 million in annual revenue. The company boasts a $1 billion pipeline of potential business, indicating strong growth potential in electric vehicles and warehouse automation.
- Appointment of Rich Tajer as CCO to enhance leadership in key areas.
- Secured over 250 new business awards and 60 customers in the last 21 months.
- Estimated future revenue growth to approximately $200 million per year.
- Possesses a business development pipeline exceeding $1 billion.
- None.
NEW ALBANY, Ohio, Dec. 02, 2021 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI) announced today that it has formed a new enterprise-wide global leadership position of Chief Commercial Officer (“CCO”) and has appointed Rich Tajer as its first CCO. Rich Tajer will also continue to be Business Leader of Electrical Systems. In this expanded role, Mr. Tajer will continue to report to Harold Bevis, President and Chief Executive Officer.
As Chief Commercial Officer, Mr. Tajer will provide leadership in several areas including:
- Leadership and program management for multiple CVG new-to-company customer accounts, especially in Electric Vehicles and Automated Warehousing;
- Directing the global sales team in its bi-weekly organic growth program reviews; and
- Helping set product development agendas, and clarifying value-added propositions.
Harold Bevis commented, “CVG has had remarkable success in achieving new business with many new customers and many new products in the last 21 months. We have landed over 250 new business awards, with over 60 customers, and we estimate business already secured will grow to be approximately two hundred million in revenue per year, when fully ramped up. This mission continues, we are still vibrantly committed to winning new targeted business, and we have a pipeline that is greater than
“Many people are involved with this success, and we expect to add to our new business awards, refine our targeting, invest in leading edge operational processes, and increase the value of our product offering. Rich has been pivotal in many of our big wins to-date, and this is a logical leadership advancement for him and for CVG. Rich is a proven leader and integral to our success in driving growth and expansion into new markets including electric vehicles, which can be seen in our current involvement with more than 40 electric vehicle opportunities globally.”
Mr. Tajer remarked, “I am excited to leverage my experience in electronics engineering, sales and product management as we strive to deliver sustainable and profitable revenue growth. I look forward to collaborating with our multiple global commercial teams as we drive innovation in our products, solutions and brands. We are off to a fast start and committed to diversifying our sales mix with higher value products, new vehicle platforms, and new CVG solutions. We will continue to partner with customers where we bring value to the relationship with our products, solutions and systems. As a first step for me, we have over 100 new programs launching over the next 12 months and this is a new era for CVG.”
For further information, please contact IR@CVGRP.com.
About CVG
CVG is a global provider of components, assemblies and systems to the commercial vehicle market, the electric vehicle market, and the warehouse automation market. Information about the Company and its products is available on the internet at www.cvgrp.com.
Investor Contact
Christopher Bohnert, Chief Financial Officer
CVG
IR@CVGRP.com
