BNET Industries

Market Cap:$135.3M
Last Fiscal Year Sales:$763.4M
  • Public
  • US
Dow Jones Description

Commercial Vehicle Group (CVG) is the corporate management team responsible for several companies in the commercial vehicle industry. These businesses include KAB Seating, National Seating, Trim Systems, Sprague Devices, Mayflower Vehicle Systems, and Monona Wire. CVG is a global company that operates in 9 countries and has a total of 30 locations world wide. Its three areas of primary focus are the Heavy Truck, Construction and Marine industries. Commercial Vehicle Group supplies products to these industries in 26 different countries. Commercial Vehicle Group is dedicated to improving and leveraging its core competencies while developing new innovative products, systems solutions, markets and distribution channels to meet its customer's needs. It supports each division with their current capabilities in program management, concept development and systems integration. Commercial Vehicle Group is not limited to the heavy truck, construction and marine industries. It is currently capable of operating in a variety of diverse markets: Truck, Marine, Utility, Recreational, Bus, Aerospace, Office Seating, Construction/Agriculture, Military Vehicle, Railroad, On - Road Specialty Vehicle, Retail Consumer - Aftermarket, Specialty Light Duty, and Industrial About Commercial Vehicle Group, Inc. Commercial Vehicle Group is a leading supplier of interior systems, vision safety solutions and other cab-related products for the global commercial vehicle market, including the heavy-duty...

Number of Employees 5,905
Contact Information

7800 Walton Parkway

New Albany, Ohio 43054

614 289 5360

NAICS Code Other Motor Vehicle Electrical and Electronic Equipment Manufacturing: 336322

Recent Events

  • Commercial Vehicle CVGI Posts Q3 Loss of $0.73, Misses Estimates

    10/29/09 - Financial Announcement - View Story

  • Photos: Commercial Vehicle Group Launches Innovative ComforTEKTM Flooring System Maximum Thermal PropertiesEco friendlyAftermarket availability

    10/14/09 - Product Announcement - View Story

  • Photos: Commercial Vehicle Group Launches Innovative ComforTEKTM Flooring System Maximum Thermal PropertiesEco friendlyAftermarket availability

    9/25/09 - Product Announcement - View Story

  • Photos: Commercial Vehicle Group Launches Innovative ComforTEKTM Flooring System

    9/27/09 - Product Announcement - View Story

  • Commercial Vehicle Group Wins New MRAP Vehicle Military Business

    9/17/09 - Licensing / Contract - View Story

  • Commercial Vehicle wins new work with military contractor

    9/17/09 - Financial Announcement - View Story

  • Commercial Vehicle wins Navistar contract

    9/08/09 - Joint Venture / Alliance - View Story

  • Commercial Vehicle posts 2Q loss as sales take hit

    8/05/09 - Financial Announcement - View Story

  • Nissan Diesel selects CVG as development source partner

    7/10/09 - Licensing / Contract - View Story

News & Analysis

call transcript and commercial vehicle group inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Mervin Dunn CEO
Gerald L. Armstrong President, Cvg Global Truck
W. Gordon Boyd President, Cvg Global Construction
Chad M Utrup Chief Financial Officer
Kevin R.L. Frailey Executive Vice President of Business Development
Greg Boese Vice President, Customer Sales
James A. Linsey Vice President, Sales & Marketing
James F Williams Vice President of Human Resources
Kevin D. Richards Vice President, Engineering & Quality
Larry Blankenship Vice President, Volvo & Freightliner Accounting
Logan Mullinix Vice President, Res & Development
Michael Hof Vice President, Volvo & Freightliner Accounting
Ray Miller Vice President, Aftermarket Sales
Donald P Lorraine Director, KAB Seating
Fred Pippen Director, Quality, Americas
Robert E. Averitt General Manager, Trim Systems
Timothy W. Schwartz General Manager, CVS
Frank Batsche Rep
Eric J Rosen Director
Richard A. Snell Director
S A Johnson Director

Board of Directors

Name (plus bio) Position
David R Bovee Audit Committee Chairman
Scott D. Rued Chairman
Robert C. Griffin Board of Directors
Scott C. Arves Board Director

Mervin Dunn has served as a Director since August 2004 and as our President and Chief Executive Officer since June 2002, and prior thereto served as the President of Trim Systems, commencing upon his joining us in October 1999. From 1998 to 1999, Mr. Dunn served as the President and Chief Executive Officer of Bliss Technologies, a heavy metal stamping company. From 1988 to 1998, Mr. Dunn served in a number of key leadership roles at Arvin Industries, including Vice President of Operating Systems (Arvin North America), Vice President of Quality, and President of Arvin Ride Control. From 1985 to 1988, Mr. Dunn held several key management positions in engineering and quality assurance at Johnson Controls Automotive Group, an automotive trim company, including Division Quality Manager. From 1980 to 1985, Mr. Dunn served in a number of management positions for engineering and quality departments of Hyster Corporation, a manufacturer of heavy lift trucks.

Organization Position Status
Commercial Vehicle Group, Inc. CEO Current
Commercial Vehicle Group, Inc. Board Director Current
Bliss Technologies CEO Former
Bliss Technologies President Former
Commercial Vehicle Group, Inc. President Former

Gerald L. Armstrong has served as President and General Manager of CVG Cab Systems since December 2008. From November 2006 to November 2008, Armstrong was President — CVG Global Truck. From April 2004 to November 2006, he served as President – CVG Americas and from July 2002 to April 2004 as Vice President and General Manager of National Seating and KAB North America. Prior to joining CVG, Armstrong served from 1995 to 2000 and from 2000 to July 2002 as Vice President and General Manager, respectively, of Gabriel Ride Control Products (a wholly-owned subsidiary of ArvinMeritor Inc.) a manufacturer of shock absorbers and related ride control products for the automotive and light truck markets. Armstrong began his service with ArvinMeritor Inc., a manufacturer of automotive and commercial vehicle components, modules and systems in 1987, and served in various positions of increasing responsibility within its light vehicle, original equipment and aftermarket divisions before starting at Gabriel Ride Control Products. Prior to 1987, Armstrong held various positions of increasing responsibility including Quality Engineer and Senior Quality Supervisor and Quality Manager with Schlumberger Industries and Hyster Corporation.

Organization Position Status
Commercial Vehicle Group, Inc. President, Cvg Global Truck Current
Gabriel Ride Control Products, Inc Vice President Former
ArvinMeritor, Inc. Vice President Former
Gabriel Ride Control Products, Inc Gm Former
ArvinMeritor, Inc. Gm Former
Schlumberger Industries Quality Manager Former
Hyster Quality Manager Former
Schlumberger Industries Quality Engineer Former
Hyster Senior Quality Supervisor Former
Berea College Bachelor of Science Degree In Industrial Arts Former

W. Gordon Boyd has served as Senior Advisor to the Chief Executive Officer since December 2008. From November 2006 to November 2008, Boyd served as President — CVG Global Construction. From June 2005 to November 2006, Boyd was President — CVG International. Prior to that, Boyd served as President — Mayflower Vehicle Systems (MVS) from the time CVG completed its acquisition of Mayflower in February 2005 until June 2205. Boyd joined Mayflower Vehicle Systems U.K. as Manufacturing Director in 1993. In 2002, Boyd became President and Chief Executive Officer of MVS, Inc.

Organization Position Status
Commercial Vehicle Group, Inc. President, Cvg Global Construction Current

Chad M. Utrup has been a member of the Commercial Vehicle Group of Families since 1998, holding the role of vice president and chief financial officer for the past five years. Prior to his role as CFO, Utrup was a vice president for Trim Systems. While at Trim Systems, A CVG company, Utrup was responsible for overseeing financial operations, treasury management, reporting compliance, and assisting with manufacturing implementation as well as overall cost improvements. Prior to joining Trim Systems, Utrup was an integral part of a project management group with Electronic Data Systems at various Delphi Automotive Systems support locations in the United States. Chad holds a Bachelor of Science degree in finance from The Ohio State University

Organization Position Status
Commercial Vehicle Group, Inc. Chief Financial Officer Current
Commercial Vehicle Group, Inc. Vice President of Finance Former
The Ohio State University Bachelors of Science Degree Former
Electronic Data Systems Corporation Project Management Group Member Former

Kevin Frailey has 19 years of experience in the automotive supply industry. Prior to joining CVG, Frailey served as General Manager for Joint Ventures and Business Strategy at Arvin Meritor Emissions Technologies Group. Prior to this role, he was Vice President for the Ford business group of Arvin Meritor’s Air and Emissions Technologies Division. In these roles, Frailey served on the Board of various joint ventures, most notably those of Arvin Sango, Inc., and AD Tech Co., Ltd. His background also includes director positions in the United States and Europe for various functions, including Ford Sales, Ford Engineering, Toyota Sales and Engineering, Worldwide Supplier Development and Business Strategy. He also worked as Business Unit Manager in two Arvin Industries plants. Frailey holds a Bachelor of Arts degree in Economics and Management from DePauw University. He also holds a Master’s degree in Business Administration from Harvard University.

Organization Position Status
Commercial Vehicle Group, Inc. Executive Vice President of Business Development Current
Arvin Sango, Inc. Board Director Former

Organization Position Status
Commercial Vehicle Group, Inc. Vice President, Customer Sales Current

Organization Position Status
Commercial Vehicle Group, Inc. Vice President, Sales & Marketing Current

James F. Williams has more than 30+ years of experience in manufacturing and the heavy duty truck industry. Williams joined the Commercial Vehicle Group family of companies as vice president of human resources for Trim Systems in early 1999. Prior to arriving at Trim Systems, he worked for 12 years at General Electric in key human resource management positions in GE’s Turbine, Lighting and Semi-conductor businesses. Williams served as manager of personnel services and employee relations for nine years at Mack Trucks, Inc. in their Allentown corporate location. Williams holds a bachelor’s degree in business and accounting from the University of Delaware.

Organization Position Status
Commercial Vehicle Group, Inc. Vice President of Human Resources Current
Speco, Inc. Corporate Vice President of Human Resources and Administration Former

Organization Position Status
Commercial Vehicle Group, Inc. Vice President, Engineering & Quality Current

Organization Position Status
Commercial Vehicle Group, Inc. Vice President, Volvo & Freightliner Accounting Current

Organization Position Status
Commercial Vehicle Group, Inc. Vice President, Res & Development Current

Organization Position Status
Commercial Vehicle Group, Inc. Vice President, Volvo & Freightliner Accounting Current

Organization Position Status
National Seating Co. Vice President, Sales & Marketing Current
Commercial Vehicle Group, Inc. Vice President, Aftermarket Sales Current

Organization Position Status
Commercial Vehicle Group, Inc. Director, KAB Seating Current

Organization Position Status
Commercial Vehicle Group, Inc. Director, Quality, Americas Current

Organization Position Status
Commercial Vehicle Group, Inc. General Manager, Trim Systems Current

Organization Position Status
Commercial Vehicle Group, Inc. General Manager, CVS Current

Organization Position Status
Commercial Vehicle Group, Inc. Rep Current

David R. Bovee has served as a Director since October 2004. Bovee was Vice President and Chief Financial Officer of Dura Automotive Systems, Inc. (“Dura”) from January 2001 to March 2005 and from November 1990 to May 1997. From May 1997 until January 2001, Bovee served as Vice President of Business Development. He also served as Assistant Secretary for Dura. Prior to joining Dura, Bovee was Vice President at Wickes in its Automotive Group from 1987 to 1990.

Organization Position Status
Commercial Vehicle Group, Inc. Audit Committee Chairman Current
DURA Automotive Systems, Inc. Chief Financial Officer Former
Bradco/Wickes Vice President Former
DURA Automotive Systems, Inc. Vice President Former
DURA Automotive Systems, Inc. Assistant Secretary Former
Commercial Vehicle Group, Inc. Board of Directors Former

Scott D. Rued has served as a Director since February 2001 and Chairman since April 2002. Since August 2003, Rued has served as a Managing Partner of Thayer Hidden Creek (“Thayer”). Prior to joining Thayer, Mr. Rued was President and Chief Executive Officer of Hidden Creek Industries (“Hidden Creek”) between May 2000 and August 2003. From January 1994 through April 2000, he served as Executive Vice President and Chief Financial Officer at Hidden Creek.

Organization Position Status
Commercial Vehicle Group, Inc. Chairman Current

Organization Position Status
Commercial Vehicle Group, Inc. Director Current

Organization Position Status
Qualitor, Inc. Chief Executive Officer Current
Thayer Capital Partners, L.P. Partner Current
Thayer | Hidden Creek Operating Partner Current
Qualitor, Inc. Chairman Current
Thayer | Hidden Creek Chairman Current
The Brown Corporation Board Member Current
Commercial Vehicle Group, Inc. Director Current
Morton Welding Company, Inc. Board Member Current
Schneider National, Inc. Director Current
Associated Asphalt Inc. Board Member Current
Heckethorn Manufacturing Company, Inc. Board Member Current
Federal-Mogul Corporation CEO Former
Tenneco Automotive, Inc. CEO Former
Quaker State Corporation Executive Vice President Former
GlaxoSmithKline Plc Vice President, Marketing Former
Procter & Gamble Marketing Former
Federal-Mogul Corporation Chairman Former
Wharton Graduate School of the University of Pennsylvania Master of Business Administration Former
Wharton School, University of Pennsylvania Master of Business Administration Former
Union College Bachelor of Arts Former

The terms of three directors, Michael A. Graff, Robert C. Griffin, and Brett N. Milgrim, will expire at the annual meeting in 2009. The Board of Directors has nominated Messrs. Graff, Griffin, and Milgrim for election to a term that will expire at the annual meeting in 2012. Unless otherwise indicated, all proxies that authorize the proxy holders to vote for the election of directors will be voted FOR the election of the nominees listed below. If a nominee becomes unavailable for election as a result of unforeseen circumstances, it is the intention of the proxy holders to vote for the election of such substitute nominee, if any, as the Board of Directors may propose. As of the date of this Proxy Statement, each of the nominees has consented to serve and the Board is not aware of any circumstances that would cause a nominee to be unable to serve as a director.

Organization Position Status
Builders Firstsource, Inc. Chairman Current
Sunair Electronics, Inc. Board of Directors Current
Commercial Vehicle Group, Inc. Board of Directors Current
Barclays Capital Former

Organization Position Status
Commercial Vehicle Group, Inc. Director Current
Commercial Vehicle Group, Inc. Board of Directors Current

Scott C. Arves has served as a Director since July 2005. Arves has served as President and Chief Executive Officer of Transport America, a truckload, intermodal and logistics services provider, since January 2007. Before joining Transport America, Arves was President of Transportation for Schneider National, Inc., a provider of transportation, logistics and related services, from May 2000 to July 2006.

Organization Position Status
Commercial Vehicle Group, Inc. Board Director Current
Schneider National, Inc. President of Transportation Former
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     CVGI $5.95 +0.04 (0.68% )
Average Volume 218,863
Shares Outstanding 22.75M
Market Cap 135.3M
Year High 8.08
Year Low 0.4
Earnings Per Share -12.28
P/E Ratio -0.48
Dividend N/A
Yield N/A
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