CVGI News & Events

Andy Cheung will join Aaon (AAON) on April 20 as its Executive Vice President and CFO. Cheung most recently served as Executive Vice President and CFO at Commercial Vehicle Group (CVGI) for the past three years. Previously, Cheung had spent more than 25 years in various senior financial leadership positions within the HVAC and automotive industries. Cheung will succeed Aaon's current CFO, Rebecca Thompson, as part of a well-planned leadership transition. Thompson will fill the role of Chief Accounting Officer, a position she previously held prior to becoming the company's CFO in 2021.

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.

Backs FY26 adjusted EBITDA view $24M-$30M. Backs positive free cash flow view in FY26. The company said, "In conjunction with this announcement, CVG has reaffirmed its previously issued full-year 2026 outlook provided in its fourth-quarter 2025 earnings materials, released on March 10, 2026."

As part of its Q4 earnings press release, the company stated: "After returning to growth in the third quarter, we saw further acceleration in our Global Electrical Systems segment revenue and margins as we continue to ramp new wins in that business, most significantly the Zoox autonomous vehicle platform. We expect continued growth in 2026 in this segment. In our Global Seating segment, we saw operating margin expansion, even in a softer demand environment, driven by operational efficiencies and cost reductions. Our Trim Systems and Components segment faced continued weakness in the North American Class 8 truck market, but we have taken proactive steps that we believe will lead to improved profitability in this segment. I'm encouraged by the momentum we are building in our businesses, as a result of our operational efficiencies and in advance of end market recovery."