CVG Announces Appointment of Ari Levy to Board of Directors

Core Viewpoint - Commercial Vehicle Group (CVG) has appointed Ari Levy as an independent director, expanding the Board to 7 members, which is expected to enhance long-term value creation for the company [1][3]. Group 1: Appointment Details - Ari Levy, founder and Chief Investment Officer of Lakeview Investment Group, which owns approximately 8.9% of CVG's outstanding shares, has been appointed to the Board [1][2]. - Mr. Levy will serve on the Nominating, Governance and Sustainability, and Audit Committees of the Board [1]. Group 2: Background of Ari Levy - Ari Levy has a background as the President of Levy Acquisition Corp and served on the Board of Del Taco until its acquisition by Jack in the Box in early 2022 [2]. - He holds a B.A. in International Relations from Stanford University [2]. Group 3: Company Statements - William Johnson, Chair of the Board, expressed excitement about Mr. Levy's appointment, highlighting his experience as valuable for driving long-term value [3]. - Ari Levy expressed enthusiasm about joining the CVG Board and aims to maximize value for all stakeholders [3]. Group 4: Support Agreement - A support agreement was established between the Company and Lakeview, which includes customary standstill provisions [4]. Group 5: Company Overview - CVG is a global provider of systems, assemblies, and components for the commercial vehicle and electric vehicle markets, focusing on solving complex design, engineering, and manufacturing challenges [5].