Le Lézard
Classified in: Transportation
Subject: PER

Gentherm Selects Phillip Eyler as New President and CEO

NORTHVILLE, Mich., Oct. 3, 2017 /PRNewswire/ -- Gentherm Incorporated (NASDAQ-GS: THRM), the global market leader and a developer of innovative thermal management technologies, announced today that its Board of Directors has selected Phillip Eyler as the organization's next President and Chief Executive Officer.  Mr. Eyler will also join the Gentherm Board of Directors.

"After a comprehensive search process, the Board is pleased to have found an extraordinary individual to assume leadership of our organization," said Francois Castaing, Chairman of the Board. "Phil has a track record of strong leadership and successful growth. He also has extensive experience taking next generation technologies to market within the automotive industry.  This combination makes Phil uniquely qualified to lead Gentherm successfully into the future." 

Since 2015, Eyler has served as President of the $3 billion Connected Car division at Harman, a subsidiary of Samsung. At Harman, Eyler oversaw an organization of more than 8,000 employees dedicated to the development of highly integrated connected car systems encompassing infotainment, telematics, connected safety and cyber security solutions, among others.  Joining Harman in 1997, Eyler took on roles of ever-increasing responsibility.  Prior to his current role, Eyler was Senior Vice-President and General Manager of Harman's Global Automotive Audio business starting in 2011, where he led a doubling of the business to over $1 billion through organic growth, acquisition and technology expansion. He has also led Harman's North American Automotive business and the North American and Asian Manufacturing group.

Eyler, 46, began his career at Siemens AG in the electromechanical components division. He earned a Bachelor of Science degree in mechanical engineering from Purdue University and an MBA from the Fuqua School of Business at Duke University.

"I am grateful to the Gentherm Board for the opportunity to lead this entrepreneurial, growing organization," said Eyler. "Gentherm's innovative solutions and growing product portfolio are very exciting and I am honored to have been selected to work with this group of talented and dedicated individuals.  In addition to supporting the continued growth and technology leadership in Gentherm's core automotive business, I am enthusiastic about the prospect of expanding the company's business in other markets like medical, consumer, power generation and industrial."

Eyler will start in his new position with Gentherm on December 4, 2017.  As previously announced, current Gentherm President and CEO, Daniel R. Coker, will retire at that time. Coker expressed confidence in the Board's choice. "Phil is a remarkable leader and extraordinary person and I expect he will do very well in his new position at Gentherm," said Coker.

"On behalf of the entire Board of Directors, I would like to thank Dan for his many years of dedication, vision and leadership," said Castaing.  "Dan was uniquely responsible for building Gentherm into the company that it is today, and positioning the organization for continued growth in the future."

Investor Relations Contact

About Gentherm
Gentherm (NASDAQ-GS: 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, TrueTherm® cupholder and storage bins, heated automotive interior systems (including heated seats, steering wheels, armrests and other components), battery thermal management systems, cable systems and other electronic devices. Non-automotive products include remote power generation systems, heated and cooled furniture, patient temperature management systems, industrial environmental test chambers and related product testing services and other consumer and industrial temperature control applications. 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 twelve thousand 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 press 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, new competitors may arise, and adverse conditions in the industry 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, 2016 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.


SOURCE Gentherm

These press releases may also interest you

at 18:01
The Porsche motorsport department is presenting Weissach's latest treat at the Geneva Motor Show: the 2019 911 GT3 RS with a race-bred chassis and a high-revving four-liter, naturally aspirated engine producing 520 horsepower and 346 lb.-ft. of...

at 17:18
The Boyd Group Inc. (the "Boyd Group") today announced that on January 31, 2018 it acquired a multi-store operation ("MSO") located in Sudbury, Ontario, consisting of four collision repair centers. The centers were previously operated by the Nero...

at 17:04
The fifth Automotive Intelligence Series panel discussion ? 'The Electric Revolution: What form will it come in?'? will take place at the Canadian International AutoShow on Wed., Feb. 21. If you're interested in...

at 16:45
Chorus Aviation Inc. ('Chorus') announced today that it has entered into an agreement with a syndicate of underwriters led by RBC Capital Markets and CIBC Capital Markets, as joint bookrunners, under which they have agreed to purchase from Chorus...

at 16:45
Today, the American Trucking Associations announced the launch of Fleet CyWatch, a new service for its motor carrier and council members to use for reporting cybercrimes affecting fleet operations. "As the industry...

at 16:20
Bristow Group Inc.  today announced that certain of its subsidiaries have received commitments from lenders to enter into a new asset-backed revolving credit facility (the "ABL Facility"). Bristow expects to close on the ABL Facility within 60 days...

News published on 3 october 2017 at 16:05 and distributed by: