Gentherm Announces Departure of its Chief Financial Officer

Executive Changes - Gentherm's Executive Vice President, Chief Financial Officer, and Treasurer, Matteo Anversa, has resigned effective September 1, 2024, to accept the role of Chief Financial Officer at Logitech International [1] - The company has initiated a CFO succession process, chaired by the President and CEO, and will provide updates as appropriate [3] Leadership Impact - Matteo Anversa contributed significantly to Gentherm over the past five and a half years, including driving organizational change, implementing the Fit-For-Growth strategy, executing the successful Alfmeier acquisition, and growing the finance and IT teams [2] - Under Anversa's leadership, Gentherm achieved record revenues, expanded profitability, and secured new business wins that will contribute to future growth [3] Company Overview - Gentherm is the global market leader in innovative thermal management and pneumatic comfort technologies for the automotive industry and a leader in medical patient temperature management systems [5] - The company's automotive products include Climate Control Seats, heated automotive interior systems, battery performance solutions, and other electronic devices, while its medical products include patient temperature management systems [5] - Gentherm employs over 14,000 people across facilities in the United States, Germany, China, and several other countries [5]