Gentherm Names Greg Steinl Executive Director, Electronics Newly Created Position to Coordinate Development, Growth of Electronics in Existing Businesses, Additional Opportunities
NORTHVILLE, Mich., Jan. 7, 2013 /PRNewswire/ -- Gentherm Incorporated (NASDAQ-GS: THRM), the global market leader and a developer of innovative thermal management technologies, today announced that it has named Greg Steinl, 46, to the newly created position of Executive Director, Electronics, effective January 7, 2013. Steinl will report directly to President and CEO Daniel R. Coker and is responsible for managing all aspects of the Company's global electronics activities.
"Greg has demonstrated his understanding of the electronics business and has had several successes in evolving and applying the latest in electronics technologies to a number of automotive and related products resulting in important competitive advantages for companies," said Coker. "As the leader of our electronics initiative, he will play a key role in helping us effectively coordinate the development and increase the application of electronics to our existing businesses. He will also play a key role in guiding our movement into additional opportunities to apply electronics technologies into new and innovative products as we continue to grow our global business. Greg will be a great asset to our customers and will be a valuable addition to our executive team."
Steinl joins Gentherm from Maumee, OH-based Dana Holding Corporation where he was Director, Technology Strategy. Dana is a world-leading supplier of driveline, sealing, and thermal-management technologies that improve the efficiency and performance of passenger, commercial and off-highway vehicles. Prior to Dana, from 2006 to 2011 he was VP of Business Development at EControls, a developer and supplier of world-class engine control and instrumentation products worldwide, and VP of Engineering and R&D at FW Murphy (FW Murphy and EControls merged in 2009), a provider of instrumentation and controls for engines and engine-driven equipment. From 2000 to 2006, he worked at Continental (which acquired Motorola's automotive business in 2006) and Motorola, and was Director of Business Development.
Steinl graduated with an MBA from the University of Michigan and a BSEE from Purdue University. He and his family currently reside in Ann Arbor, MI.
Gentherm Incorporated (NASDAQ-GS:THRM) is a global developer and marketer of innovative thermal management technologies for a broad range of heating and cooling and temperature control applications. Automotive products include actively heated and cooled seat systems and cup holders, heated and ventilated seat systems, thermal storage bins, heated seat and steering wheel systems, cable systems and other electronic devices. The Company's advanced technology team is developing more efficient materials for thermoelectrics and systems for waste heat recovery and electrical power generation for the automotive market that may have far-reaching applications for consumer products as well as industrial and technology markets. Gentherm has more than 6,000 employees in facilities in the U.S., Germany, Mexico, China, Canada, Japan, England, Korea, Malta, Hungary and the Ukraine. For more information, go to www.gentherm.com.
Certain matters discussed in this release are forward-looking statements that involve risks and uncertainties, and actual results may be different. Important factors that could cause the Company's actual results to differ materially from its expectations in this release are risks that sales may not significantly increase, additional financing, if necessary, may not be available, new competitors may arise and adverse conditions in the automotive industry may negatively affect its results. The liquidity and trading price of its common stock may be negatively affected by these and other factors. Please also refer to Gentherm's Securities and Exchange Commission (SEC) filings and reports, including, but not limited to, its Form 10-Q for the period ended September 30, 2012, and its Form 10-K for the year ended December 31, 2011; all of which are available free of charge on the SEC's website at www.sec.gov. Gentherm expressly disclaims any intent or obligation to update any forward-looking statements.
SOURCE Gentherm Incorporated