Gentherm says chairman, Francois Castaing, has informed the board of his intention to retire at the end of his current term and will not be standing for re-election at the company’s Annual Meeting of Shareholders, expected to be held in May, 2020.
Castaing has served as a director of the company since 2001 and chairman since 2016.
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He also held positions as chairman of the Nominating Committee, member of the Compensation and Technology Committees and was the former lead independent director.
“On behalf of the board, I would like to thank Francois for the lasting impact he has made on the automotive industry, our community and his contributions to Gentherm, where he has served our company with great distinction,” said Gentherm president and CEO, Phil Eyler.
The board unanimously agreed to appoint Ronald Hundzinski as new chairman, effective as of the 2020 Annual Meeting of Shareholders, subject to Hundzinski’s re-election.
“Gentherm is in a strong position for future growth, and with an outstanding board with Ron as chairman, I am confident in our continued success to reach our goals,” said Eyler.
Hundzinski has served as a director of the company since 2016 and the chair of the Audit committee and member of the Nominating committee.
He is the CFO and an executive director of TI Fluid Systems.
