CVGI · Commercial Vehicle Group, Inc.

Commercial Vehicle Group announced a transition in its chief financial officer position. Andy Cheung notified the company of his resignation on March 26, 2026, effective April 15, 2026, to pursue an opportunity at a mid-cap publicly traded company. The company explicitly stated the resignation was not due to any disagreement regarding operations, policies, or practices. To ensure continuity, the company promoted Angie O’Leary, a seasoned executive who has served as Senior Vice President, Corporate Controller and Chief Accounting Officer since December 2020, to the role of Interim Chief Financial Officer. Ms. O'Leary brings significant experience from her tenure at Vertiv Holdings Co. and Deloitte & Touche LLP. In conjunction with her appointment and expanded responsibilities, the compensation committee adjusted her compensation package, notably raising her base salary by approximately 40% and her target bonus percentage by 25 percentage points. The company indicated it does not currently plan to initiate a search for a permanent replacement. Importantly, management reaffirmed its full-year 2026 outlook, suggesting confidence in the existing financial trajectory and the ability of the interim leadership to maintain operational momentum.