NEW ALBANY, Ohio, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Commercial Vehicle Group
(the “Company” or “CVG”) (NASDAQ: CVGI), a diversified industrial products and
services company, is pleased to announce the appointment of two leaders to its
executive leadership team. Peter Lugo joins the Company as President of our
Electrical Systems segment, effective November 1, 2024. Mr. Lugo succeeds
Richard Tajer, who will remain an employee of the Company until December 31,
2024. In addition, Carlos Jimenez has joined as Executive Vice President,
Global Operations and Supply Chain. These appointments support CVG’s goals of
growing its Electrical Systems business and improving overall operational
execution, respectively. Both executives will report to James Ray, President
and Chief Executive Officer of CVG.
To reinvigorate growth in its Electrical Systems segment, Mr. Lugo is
accountable for day-to-day oversight of the electrical business with emphasis
on the development and execution of commercial, engineering, and product
management strategies while partnering with the operations team to achieve
operational and financial goals. He most recently held the role of Senior Vice
President, Electrical Products & Engineered Solutions at Southwire, where
he led the development and execution of the overall business strategy
resulting in sustainable growth through organic and M&A activity,
including five acquisitions. Prior to his work at Southwire, Mr. Lugo held
progressive leadership roles at Bullard, Eaton Corp., Phillips Petroleum,
Switchgear Systems, and General Electric. He holds a bachelor’s degree in
electrical engineering from Polytechnical University of Puerto Rico.
To drive operational efficiencies across its manufacturing and supply network,
Mr. Jimenez is responsible for the effective operation of the Company’s
manufacturing function, developing and executing supply chain strategies and
capabilities across CVG’s 20+ plant global manufacturing footprint. He most
recently held the role of Vice President, Global Operations at Kennametal,
Inc., where he was responsible for supply chain, operational excellence and
distribution across 17 plants and 12 distribution centers. Prior to his work
at Kennametal, Mr. Jimenez held progressive leadership roles at Stanley
Black and Decker, Valeo Group, GKN Driveline, Mars Electronics International,
Apisa and Ford Motor Company. He holds a bachelor’s degree in industrial
engineering and a degree in business administration, management and operations
from INSEAD.
“I extend my thanks to Rich Tajer for his leadership over the last five years.
I am very pleased to welcome Peter and Carlos to the CVG executive leadership
team, where they will have a critical role helping to position CVG for future
success,” said Mr. Ray. “I am confident that these proven executives will
accelerate our efforts to navigate some of the challenges we’ve experienced
this year and emerge stronger and more resilient than before to best serve the
needs of our customers and shareholders.”
About CVG
At CVG, we deliver real solutions to complex design, engineering and
manufacturing problems while creating positive change for our customers,
industries, and communities we serve. Information about CVG and its products
is available at www.cvgrp.com.
Photos accompanying this announcement are available at
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Source: Commercial Vehicle Group, Inc.