BNET Industries
Market Cap:$121.6M
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...
CEO
Mervin DunnNumber of Employees 5,905
Contact Information
7800 Walton Parkway
New Albany, Ohio 43054
614 289 5360
Peer Companies
NAICS Code Other Motor Vehicle Electrical and Electronic Equipment Manufacturing: 336322
Recent Events
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Commercial Vehicle CVGI Posts Q3 Loss of $0.73, Misses Estimates
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Photos: Commercial Vehicle Group Launches Innovative ComforTEKTM Flooring System Maximum Thermal PropertiesEco friendlyAftermarket availability
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Photos: Commercial Vehicle Group Launches Innovative ComforTEKTM Flooring System Maximum Thermal PropertiesEco friendlyAftermarket availability
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Photos: Commercial Vehicle Group Launches Innovative ComforTEKTM Flooring System
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Commercial Vehicle Group Wins New MRAP Vehicle Military Business
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Commercial Vehicle wins new work with military contractor
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Commercial Vehicle wins Navistar contract
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Commercial Vehicle posts 2Q loss as sales take hit
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Nissan Diesel selects CVG as development source partner
News & Analysis
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commercial vehicle group inc. - All News and Analysis
Commercial Vehicle Group Inc. Q2 2009 Earnings Call Transcript
Commercial Vehicle Group Inc. CVGI Q2 2009 Earnings Call August 5, 2009 10:00 am ET
Commercial Vehicle Group Inc. Q2 2009 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions. Our first question comes from David Leikar – Robert W. Baird. David Leikar – Robert W. Baird I want to walk through the revenue number here a little bit as we go forward and just get an understanding of the new...
Commercial Vehicle Group Q1 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you. Operator Instructions. And our first question comes from the line of Chip Miller. Please proceed, sir. Chip Miller - JPMorgan Hey guys. How are you doing today? Mervin Dunn Good, Chip. Chip Miller - JPMorgan Okay. First, I can dig into the restructuring a little...
Commercial Vehicle Group Inc. Q4 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Your first question comes from David Leiker. Analyst for David Leiker - Robert W. Baird & Co. This is Keith Schicker on the line for Dave. Chad, I think we can probably back into this number from the information you provided but...
Commercial Vehicle Group Inc Q3 2008 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions David Leiker. David Leiker – Robert W. Baird A couple of things first on the covenants; is your covenant calculated using total debt or is it debt net of cash? Chad Utrup It’s total debt. It’s funded...
Commercial Vehicle Group Inc. Q2 2008 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from the line of David Leiker. Please proceed. David Leiker- Robert W. Baird & Co. Good morning. Chad Utrup Hi, David. David Leiker- Robert W. Baird & Co. Quite unusual to hear my name correctly! Chad Utrup ...
Stock Performance Since Earnings
Hickey and Walters Bespoke submit: We recently calculated the performance of all US stocks since the open following their most recent earnings reports. This takes out the initial reaction to earnings reports in after-hours and pre-market trading and highlights how investors have treated shares post earnings. As shown...
Commercial Vehicle Group Inc. Q1 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions With Robert W. Baird, your first question comes from the line of David Leiker. Please proceed. David Leiker - Robert W. Baird Good morning. Chad Utrup Good morning, David. David Leiker - Robert W. Baird A couple number of questions here first. If you take...
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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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