Gentex Announces Additions to Leadership Team; Reorganizes to Support Expanding Product Portfolio and Target New Markets
September 17 2018 - 7:00AM
Gentex Corporation (NASDAQ:GNTX), a leading supplier of digital
vision, connected car, dimmable glass and fire protection
technologies, announced today that it has added new leadership
personnel as part of an internal reorganization effort designed to
reflect the Company’s growing automotive technology portfolio and
to better support its ongoing new market development efforts.
Specifically, Gentex has assigned executive personnel to lead
newly created product development teams responsible for not only
cultivating new automotive technologies, but also expanding the
Company’s core competencies into new markets.
“The purpose of our new structure is to help manage the
expansion of our automotive footprint while looking to leverage our
core technologies into new markets,” said Gentex President and CEO
Steve Downing. “We’re rooted in automotive, but we’re committed to
extending our capabilities into new technologies and additional
industries, and I am confident that this new leadership team and
structure will help us accomplish this goal.”
To support this initiative, Brian Brackenbury
has been named Director of Connected Products, Interior Cameras and
Biometrics. He joined Gentex from Visteon in 2015 and has more than
27 years of experience in automotive electronics and vehicle
connectivity. Brackenbury has spent the last several years
coordinating Gentex’s advanced product and business development
efforts, helping spearhead new technologies such as HomeLink
Connect and Integrated Toll Module.
Brad Bosma has been named Vice President of
Vision Systems and Dimmable Glass. His Gentex career spans more
than 28 years, having held various positions in engineering,
program management and executive leadership. Most recently, Bosma
was vice president of the Company’s European operations, where he
is credited with helping establish and grow much of Gentex’s
European business.
To better coordinate sales efforts internationally, Gentex has
promoted Matt Chiodo to Vice President of Sales.
Chiodo has been with the Company for nearly 18 years, serving in a
variety of sales leadership roles with responsibility for domestic
and Asian automakers. Chiodo has also been instrumental in Gentex’s
business development efforts, helping to forge relationships with
key technical partners for vehicle-to-infrastructure technologies
and other core products.
To help expand Gentex’s core technologies into new industries,
the Company recently hired Robert Vance as Vice
President of New Markets. Vance is responsible for the strategic
development of new technologies, partnerships and markets that
leverage the Company’s core competencies. He will also manage
Gentex’s Fire Protection division. Vance worked for Gentex from
2005 to 2011 as Vice President of Business Development – Japan
Automakers, but most recently worked as Vice President of Innotec
Corporation, responsible for strategic business, product, market
and partner development. He also spent 10 years with Johnson
Controls in a variety of positions in finance, operations and
business management.
Gentex is perhaps best known for automatic-dimming rearview
mirrors, which detect headlight glare from trailing vehicles and
automatically darken to the precise level necessary to protect
driver vision. But approximately 50 percent of the Company’s
revenue comes from additional electronic features such as displays,
automotive camera systems, vehicle-to-home automation controls,
ADAS components and other customized electronic solutions designed
to meet unique customer applications.
“Our product portfolio requires us to be highly vertically
integrated,” said Downing. “Consequently, Gentex has a unique skill
set, which includes microelectronics, vision systems and camera
development, software design, chemical development, glass
processing and coatings, and automated assembly. Our goal is to
continually add new automotive features while aggressively pursuing
new markets in which we can leverage these competencies.”
About Gentex Founded in 1974, Gentex
Corporation (The NASDAQ Global Select Market: GNTX) is a
supplier of automatic-dimming rearview mirrors and electronics to
the automotive industry, dimmable aircraft windows for aviation
markets, and fire protection products to the fire protection
market. Visit the Company’s web site at www.gentex.com.
Contact
Information:Gentex Media ContactCraig Piersma616.772.1590
x4316 |
|
Investor ContactJosh
O’Berski616.772.1590 x5814 |
Photos accompanying this announcement are available at
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