NOVI, Mich., Sept. 1, 2021 /PRNewswire/ -- Stoneridge,
Inc. (NYSE: SRI), a leading designer and manufacturer of highly
engineered electrical and electronic vehicle systems, today
announced that Matthew Horvath has
been appointed as the Company's Chief Financial Officer and
Treasurer effective immediately. Mr. Horvath replaces Robert Krakowiak, who voluntarily resigned from
the Company effective August 31,
2021, to pursue other opportunities.
"Since joining Stoneridge five years ago, Matt has played an
integral role in shaping our transformation. During his tenure, he
has supported refining the Company's product portfolio and
operations through multiple divestitures, led an award-winning
investor relations team, and has been integral in developing and
executing our long-term strategic goals. Matt has shown tremendous
leadership across the organization, and his robust knowledge of the
business and financial acumen will be critical as we further
advance our strategy," said Jon
DeGaynor, President and Chief Executive Officer of
Stoneridge. "Bob has done a terrific job building a strong and
disciplined financial team with deep experience and expertise. I
thank Bob for his partnership and many contributions over the last
five years."
Mr. Horvath previously served as the Company's Executive
Director of Corporate Strategy and Investor Relations, and prior to
that as Director of Investor Relations. Before joining Stoneridge,
Mr. Horvath spent six years at EY, formerly known as Ernst &
Young, in the Transaction Advisory practice, primarily focused on
business and asset valuation with a focus on the automotive and
transportation industry. Mr. Horvath graduated from Michigan State University with a bachelor's degree
in Finance.
"Matt's deep understanding of our business, his ability to
advance our long-term objectives, and his close relationships with
both our internal and external stakeholders have positioned him
perfectly to be our next CFO," said Bill
Lasky, Chairman of the Stoneridge Board of Directors.
Mr. Horvath said, "I have great respect for Bob and all of the
things we have accomplished as a team over his tenure and look
forward to building on our successes. We will continue to
execute on our strategic objectives with a focus on long-term,
profitable growth, a strong balance sheet, and efficient and
effective deployment of our available capital to drive shareholder
value."
About Stoneridge, Inc.
Stoneridge, Inc.,
headquartered in Novi, Michigan,
is an independent designer and manufacturer of highly engineered
electrical and electronic components, modules and systems
principally for the automotive, commercial vehicle, off-highway,
motorcycle and agricultural vehicle markets. Additional information
about Stoneridge can be found at Stoneridge.com.
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SOURCE Stoneridge, Inc.