Gentherm Names Matteo Anversa as Executive Vice President, Chief Financial Officer and Treasurer
December 12 2018 - 8:00AM
Gentherm (NASDAQ: THRM), the global market leader and developer of
innovative thermal management technologies, announced today that
Matteo Anversa will join the Company’s leadership team as Executive
Vice President, Chief Financial Officer and Treasurer on January 1,
2019.
Anversa will lead all of Gentherm’s financial and IT operations
on a global basis, and he will report to Gentherm’s President and
CEO, Phil Eyler. Anversa succeeds Barry Steele as Gentherm’s CFO.
Steele will step down as the Company’s Vice-President of Finance,
Chief Financial Officer and Treasurer effective upon Anversa’s
start date. Steele will provide transition services through
February 15, 2019.
“I am delighted that Matteo is joining our executive management
team as CFO. He is an accomplished financial executive with global
experience and strong business acumen,” said Eyler. “Matteo’s
disciplined approach to financial reporting and analysis and
operational excellence will help continue to drive Gentherm’s
focused growth and improved profitability.”
Eyler added, “Barry was Gentherm’s CFO for more than 14 years
and he oversaw the Company’s growth from a start-up to $1 billion
in revenue. I want to personally thank Barry for his dedication and
commitment to Gentherm and wish him well in his future
endeavors.”
“I’m excited to be part of a company that has so much
opportunity ahead,” said Anversa. “I am looking forward to leading
the finance and IT organizations to help deliver the next phase of
growth for Gentherm.”
Anversa joins Gentherm from Myers Industries, Inc., an
international manufacturer of polymer-based material handling
products and a wholesale distributor of tire repair and retread
products (NYSE: MYE), where he was Executive Vice President, CFO
since December 2016. At Myers Industries, he was responsible for
driving cash flow, improving working capital, managing business
restructuring and M&A activities, strengthening corporate
controls and developing the Company’s IT strategy. Prior to Myers
Industries, he was the Vice President, Group FP&A for Fiat
Chrysler Automobiles N.V. since April 2015. He joined FCA in 2013
as the CFO for Ferrari SpA, where he helped prepare the company for
its IPO. Anversa began his career with General Electric Corporation
where he held various leadership roles during his 16-year tenure,
including CFO, GE Gas Engines; Global FP&A Manager, GE
Transportation; and CFO, GE Consumer & Industrial, Asia
Pacific.
Anversa holds a degree in Mechanical Engineering from the
University of Parma, Italy. He is a dual citizen of the United
States and Italy. Anversa will be based at Gentherm’s corporate
headquarters in Northville, MI.
Investor Contact Yijing Brentano
investors@gentherm.com 248.308.1702
Media Contact Melissa Fischer
media@gentherm.com 248.289.9702
About Gentherm Gentherm (NASDAQ:THRM)
is a global developer and marketer of innovative thermal management
technologies for a broad range of heating and cooling and
temperature control applications. Automotive products include
variable temperature Climate Control Seats (CCS®), heated
automotive interior systems (including heated seats, steering
wheels, armrests and other components), battery thermal management
systems, cable systems and other electronic devices. Medical
products include patient temperature management systems. The
Company is also developing a number of new technologies and
products that will help enable improvements to existing products
and to create new product applications for existing and new
markets. Gentherm has over 13,000 employees in facilities
in the United States, Germany, Canada, China, Hungary, Japan,
Korea, Macedonia, Malta, Mexico, United Kingdom, Ukraine, and
Vietnam. For more information, go to www.gentherm.com.
Except for historical information contained herein, statements
in this release are forward-looking statements that are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements
represent Gentherm Incorporated's goals, beliefs, plans
and expectations about its prospects for the future and other
future events. The forward-looking statements included in this
release are made as of the date hereof or as of the date specified
and are based on management's current expectations and
beliefs. Such statements are subject to a number of important
assumptions, risks, uncertainties and other factors that may cause
the Company's actual performance to differ materially from that
described in or indicated by the forward-looking statements. Those
risks include, but are not limited to, risks that new products may
not be feasible, sales may not increase, additional financing
requirements may not be available, new competitors may arise or
customers may develop their own products to replace the Company’s
products, currency exchange rates may change unfavorably, pricing
pressures from customers may increase, and other adverse conditions
in the industries in which the Company operates may negatively
affect its results. The foregoing risks should be read in
conjunction with other cautionary statements included herein, as
well as in the Company's annual report on Form 10-K for the year
ended December 31, 2017 and subsequent reports filed with
the Securities and Exchange Commission. Except as required by
law, the Company expressly disclaims any obligation or undertaking
to update any forward-looking statements to reflect any change in
its expectations with regard thereto or any change in events,
conditions or circumstances on which any such statement is
based.
Myers Industries (NYSE:MYE)
Historical Stock Chart
From Aug 2024 to Sep 2024
Myers Industries (NYSE:MYE)
Historical Stock Chart
From Sep 2023 to Sep 2024