Exhibit 99.1
Gentherm Names Matteo Anversa as Executive Vice President, Chief Financial Officer and Treasurer
NORTHVILLE, Mich., December 12, 2018 (GLOBE NEWSWIRE) – Gentherm (NASDAQ: THRM), the global market leader and developer of innovative thermal management technologies, announced today that Matteo Anversa will join the Company’s leadership team as Executive Vice President, Chief Financial Officer and Treasurer on January 1, 2019.
Anversa will lead all of Gentherm’s financial and IT operations on a global basis, and he will report to Gentherm’s President and CEO, Phil Eyler. Anversa succeeds Barry Steele as Gentherm’s CFO. Steele will step down as the Company’s Vice-President of Finance, Chief Financial Officer and Treasurer effective upon Anversa’s start date. Steele will provide transition services through February 15, 2019.
“I am delighted that Matteo is joining our executive management team as CFO. He is an accomplished financial executive with global experience and strong business acumen,” said Eyler. “Matteo’s disciplined approach to financial reporting and analysis and operational excellence will help continue to drive Gentherm’s focused growth and improved profitability.”
Eyler added, “Barry was Gentherm’s CFO for more than 14 years and he oversaw the Company’s growth from astart-up to $1 billion in revenue. I want to personally thank Barry for his dedication and commitment to Gentherm and wish him well in his future endeavors.”
“I’m excited to be part of a company that has so much opportunity ahead,” said Anversa. “I am looking forward to leading the finance and IT organizations to help deliver the next phase of growth for Gentherm.”
Anversa joins Gentherm from Myers Industries, Inc., an international manufacturer of polymer-based material handling products and a wholesale distributor of tire repair and retread products (NYSE: MYE), where he was Executive Vice President, CFO since December 2016. At Myers Industries, he was responsible for driving cash flow, improving working capital, managing business restructuring and M&A activities, strengthening corporate controls and developing the Company’s IT strategy. Prior to Myers Industries, he was the Vice President, Group FP&A for Fiat Chrysler Automobiles N.V. since April 2015. He joined FCA in 2013 as the CFO for Ferrari SpA, where he helped prepare the company for its IPO. Anversa began his career with General Electric Corporation where he held various leadership roles during his16-year tenure, including CFO, GE Gas Engines; Global FP&A Manager, GE Transportation; and CFO, GE Consumer & Industrial, Asia Pacific.