Commercial Vehicle Group CFO Andy Cheung Resigns, Angie O'Leary Named Interim CFO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 01 2026
0mins
Should l Buy CVGI?
Commercial Vehicle Group announced that Andy Cheung, CFO, will be resigning from his position effective April 15 to accept a position as CFO of a mid-cap publicly traded company. Angie O'Leary, currently corporate controller and chief accounting officer, has been promoted to interim CFO and will continue to also serve as the corporate controller and chief accounting officer. At this time, CVG does not intend to initiate a search process to identify a permanent CFO replacement.
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Analyst Views on CVGI
Wall Street analysts forecast CVGI stock price to fall
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 4.030
Low
4.00
Averages
4.00
High
4.00
Current: 4.030
Low
4.00
Averages
4.00
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4.00
No data
About CVGI
Commercial Vehicle Group, Inc. is a global provider of systems, assemblies and components to the global commercial vehicle market and the electric vehicle market. The Company delivers solutions to complex design, engineering, and manufacturing problems. The Company operates through three segments: Vehicle Solutions, Electrical Systems and Aftermarket & Accessories. The Vehicle Solutions segment designs, manufactures and sells commercial vehicle seats and plastic and trim components for the global and North America commercial vehicle market. The Electrical Systems segment designs, manufactures and sells cable and harness assemblies for both high and low voltage applications, control boxes, dashboard assemblies and design and engineering for these applications. The Aftermarket & Accessories segment designs, manufactures, and sells seats and components; commercial vehicle accessories including wipers, mirrors, and sensors, and office seats.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Investigation into Commercial Vehicle Group's Board Actions
- Investigation Launched: Purcell & Lefkowitz LLP is investigating Commercial Vehicle Group (NASDAQ:CVGI) to determine if the company's board breached fiduciary duties in recent corporate actions, potentially impacting shareholder rights.
- Shareholder Rights Protection: The investigation focuses on safeguarding the interests of Commercial Vehicle Group shareholders, ensuring they are informed about their rights and options, reflecting the law firm's commitment to shareholder advocacy.
- Legal Consultation Services: Purcell & Lefkowitz LLP offers free legal consultations, allowing shareholders to contact attorneys via email or phone to discuss case details, demonstrating the firm's dedication to client support and engagement.
- Securities Fraud Focus: The firm specializes in representing shareholders affected by securities fraud and breaches of fiduciary duty, emphasizing the importance of corporate governance and transparency, which may influence investor confidence in Commercial Vehicle Group.
See More
AAON Appoints Andy Cheung as CFO
- Executive Appointment: AAON announced the appointment of Andy Cheung as Executive Vice President and Chief Financial Officer, aiming to enhance the company's financial management and strategic planning capabilities to support future business growth.
- Financial Leadership Boost: Cheung brings extensive financial management experience from various reputable companies, which is expected to provide AAON with new perspectives and expertise, thereby optimizing the financial decision-making process.
- Strategic Development Focus: This appointment reflects AAON's commitment to improving financial transparency and boosting investor confidence, aiming to drive long-term sustainable growth through more effective financial management.
- Market Reaction Anticipation: The market generally views this appointment positively, believing that Cheung's addition will help AAON further solidify its market position in the highly competitive HVAC industry.
See More
CVGI CFO Andy Cheung to Step Down in 2026 for New Role
- Executive Change: CVGI CFO Andy Cheung announced his resignation effective April 15, 2026, to join another mid-sized publicly listed company as CFO, indicating increasing executive turnover that may affect investor confidence.
- Interim Appointment: Current corporate controller and chief accounting officer Angie O’Leary has been promoted to interim CFO while retaining her existing roles, ensuring continuity in financial management and reducing uncertainty associated with executive transitions.
- Stable Financial Outlook: Despite the executive change, CVGI has maintained its 2026 financial outlook unchanged, targeting revenue of up to $700 million, reflecting the company's confidence in future market recovery, particularly driven by new EV programs.
- Market Response: Following a challenging period, CVGI is poised to capitalize on market recovery opportunities, especially with the advancement of electric vehicle initiatives, which could provide new growth momentum for the company.
See More
U.S. Stocks Mixed as Fear & Greed Index Eases Slightly
- Fear & Greed Index: The CNN Money Fear & Greed Index registered at 27.2 on Wednesday, slightly up from 26.1, yet still in the 'Fear' zone, indicating cautious market sentiment that could exert downward pressure on stock prices.
- Market Performance: The Dow Jones fell by approximately 289 points to close at 47,417.27, reflecting investor concerns over the ongoing conflict in Iran, while the S&P 500 dipped 0.08%, indicating negative performance across most sectors, particularly in consumer staples, real estate, and financial stocks.
- Energy Market Reaction: The IEA authorized an unprecedented release of 400 million barrels from emergency reserves, yet crude markets shrugged off this announcement, suggesting a diminished sensitivity to supply interventions that could impact future oil price trends.
- Stable Inflation Data: U.S. consumer inflation remained steady in February, with price increases aligning with market expectations, indicating no significant changes in economic fundamentals that could influence the Federal Reserve's monetary policy decisions.
See More
Commercial Vehicle Group Reports Significant Profit Growth
- Profitability Improvement: Commercial Vehicle Group achieved an adjusted gross margin of 10.3%, up 190 basis points year-over-year, indicating a significant enhancement in profitability that is expected to boost investor confidence and drive stock price appreciation.
- Electrical Systems Growth: The Global Electrical Systems segment saw a 13% year-over-year revenue increase, primarily driven by the ramp-up of new programs, which will provide strong support for the company's future revenue diversification.
- Increased Free Cash Flow: The company generated $33.7 million in free cash flow for the year, up $21.5 million from the previous year and exceeding guidance, which will provide greater flexibility for future investments and debt repayments.
- New Contract Signing: The company announced a new contract with autonomous ridesharing company Zoox, highlighting its diversification into electric and autonomous vehicle markets, which is expected to bring new revenue streams and market opportunities.
See More
CVG Q4 2025 Earnings Call Insights Highlighting Optimism
- Profitability Improvement: CVG achieved an adjusted gross margin of 10.3% in Q4 2025, up 190 basis points year-over-year, demonstrating resilience in profitability despite soft demand in the North American market, driven by a focus on operational efficiency.
- Electrical Systems Growth: The Global Electrical Systems segment saw a 13% year-over-year revenue increase to $49.7 million in Q4, with management anticipating the Zoox program to drive over 10% growth in 2026, highlighting the strategic significance of new contracts.
- Cash Flow and Debt Management: The company generated $33.7 million in free cash flow for the year, enabling a $35 million reduction in net debt and lowering net leverage to 4.1x, with management emphasizing continued focus on cash flow generation and debt paydown for future financial stability.
- Optimistic Outlook: Management projects 2026 net sales between $660 million and $700 million, representing nearly 5% growth year-over-year, and plans to achieve adjusted EBITDA of $24 million to $30 million, reflecting confidence in market recovery and effective utilization of operational leverage.
See More
Investigation into Commercial Vehicle Group's Board Actions
- Investigation Launched: Purcell & Lefkowitz LLP is investigating Commercial Vehicle Group (NASDAQ:CVGI) to determine if the company's board breached fiduciary duties in recent corporate actions, potentially impacting shareholder rights.
- Shareholder Rights Protection: The investigation focuses on safeguarding the interests of Commercial Vehicle Group shareholders, ensuring they are informed about their rights and options, reflecting the law firm's commitment to shareholder advocacy.
- Legal Consultation Services: Purcell & Lefkowitz LLP offers free legal consultations, allowing shareholders to contact attorneys via email or phone to discuss case details, demonstrating the firm's dedication to client support and engagement.
- Securities Fraud Focus: The firm specializes in representing shareholders affected by securities fraud and breaches of fiduciary duty, emphasizing the importance of corporate governance and transparency, which may influence investor confidence in Commercial Vehicle Group.
See More
AAON Appoints Andy Cheung as CFO
- Executive Appointment: AAON announced the appointment of Andy Cheung as Executive Vice President and Chief Financial Officer, aiming to enhance the company's financial management and strategic planning capabilities to support future business growth.
- Financial Leadership Boost: Cheung brings extensive financial management experience from various reputable companies, which is expected to provide AAON with new perspectives and expertise, thereby optimizing the financial decision-making process.
- Strategic Development Focus: This appointment reflects AAON's commitment to improving financial transparency and boosting investor confidence, aiming to drive long-term sustainable growth through more effective financial management.
- Market Reaction Anticipation: The market generally views this appointment positively, believing that Cheung's addition will help AAON further solidify its market position in the highly competitive HVAC industry.
See More
CVGI CFO Andy Cheung to Step Down in 2026 for New Role
- Executive Change: CVGI CFO Andy Cheung announced his resignation effective April 15, 2026, to join another mid-sized publicly listed company as CFO, indicating increasing executive turnover that may affect investor confidence.
- Interim Appointment: Current corporate controller and chief accounting officer Angie O’Leary has been promoted to interim CFO while retaining her existing roles, ensuring continuity in financial management and reducing uncertainty associated with executive transitions.
- Stable Financial Outlook: Despite the executive change, CVGI has maintained its 2026 financial outlook unchanged, targeting revenue of up to $700 million, reflecting the company's confidence in future market recovery, particularly driven by new EV programs.
- Market Response: Following a challenging period, CVGI is poised to capitalize on market recovery opportunities, especially with the advancement of electric vehicle initiatives, which could provide new growth momentum for the company.
See More
U.S. Stocks Mixed as Fear & Greed Index Eases Slightly
- Fear & Greed Index: The CNN Money Fear & Greed Index registered at 27.2 on Wednesday, slightly up from 26.1, yet still in the 'Fear' zone, indicating cautious market sentiment that could exert downward pressure on stock prices.
- Market Performance: The Dow Jones fell by approximately 289 points to close at 47,417.27, reflecting investor concerns over the ongoing conflict in Iran, while the S&P 500 dipped 0.08%, indicating negative performance across most sectors, particularly in consumer staples, real estate, and financial stocks.
- Energy Market Reaction: The IEA authorized an unprecedented release of 400 million barrels from emergency reserves, yet crude markets shrugged off this announcement, suggesting a diminished sensitivity to supply interventions that could impact future oil price trends.
- Stable Inflation Data: U.S. consumer inflation remained steady in February, with price increases aligning with market expectations, indicating no significant changes in economic fundamentals that could influence the Federal Reserve's monetary policy decisions.
See More
Commercial Vehicle Group Reports Significant Profit Growth
- Profitability Improvement: Commercial Vehicle Group achieved an adjusted gross margin of 10.3%, up 190 basis points year-over-year, indicating a significant enhancement in profitability that is expected to boost investor confidence and drive stock price appreciation.
- Electrical Systems Growth: The Global Electrical Systems segment saw a 13% year-over-year revenue increase, primarily driven by the ramp-up of new programs, which will provide strong support for the company's future revenue diversification.
- Increased Free Cash Flow: The company generated $33.7 million in free cash flow for the year, up $21.5 million from the previous year and exceeding guidance, which will provide greater flexibility for future investments and debt repayments.
- New Contract Signing: The company announced a new contract with autonomous ridesharing company Zoox, highlighting its diversification into electric and autonomous vehicle markets, which is expected to bring new revenue streams and market opportunities.
See More
CVG Q4 2025 Earnings Call Insights Highlighting Optimism
- Profitability Improvement: CVG achieved an adjusted gross margin of 10.3% in Q4 2025, up 190 basis points year-over-year, demonstrating resilience in profitability despite soft demand in the North American market, driven by a focus on operational efficiency.
- Electrical Systems Growth: The Global Electrical Systems segment saw a 13% year-over-year revenue increase to $49.7 million in Q4, with management anticipating the Zoox program to drive over 10% growth in 2026, highlighting the strategic significance of new contracts.
- Cash Flow and Debt Management: The company generated $33.7 million in free cash flow for the year, enabling a $35 million reduction in net debt and lowering net leverage to 4.1x, with management emphasizing continued focus on cash flow generation and debt paydown for future financial stability.
- Optimistic Outlook: Management projects 2026 net sales between $660 million and $700 million, representing nearly 5% growth year-over-year, and plans to achieve adjusted EBITDA of $24 million to $30 million, reflecting confidence in market recovery and effective utilization of operational leverage.
See More
