Stoneridge To Display Innovative Mirror Replacement System And Instrument Clusters At NACV
Four of the products to be featured include the MirrorEye mirror replacement system, FCD4 dashboard, EZ-ELD (electronic logging device) and CornerEye camera monitor system, as well as its full-size, Stoneridge-equipped Innovation Truck.
Stoneridge Reports Strong 4th Quarter And Full-Year 2016 Results
For the full-year 2016 Stoneridge reported gross profit of $195.4 million (28.1 percent of sales), an improvement of approximately 65 basis points and $18.5 million, or 10 percent, over 2015.
Stoneridge Appoints Robert Krakowiak As Chief Financial Officer And Treasurer
Krakowiak succeeds George Strickler, who will remain with the company as executive vice president in charge of growth initiatives.
Stoneridge To Move Corporate Headquarters To Novi, Michigan
In connection with the relocation, the company has been awarded a $1.4 million Michigan Business Development Program grant, along with talent services and training support from Oakland County Michigan Works!, valued at $0.7 million.
Stoneridge Appoints Jon DeGaynor As CEO
Current CEO John Corey will retire on June 30, 2015.
John Corey of Stoneridge Elected 2014 MEMA Board Chairman
“I am honored to be selected as chairman of the MEMA board of directors,” Corey said. “MEMA has served as the voice for the motor vehicle supplier industry since 1904, and today represents more than 1,000 member companies. I look forward to working with the board and the association leadership team to continue MEMA’s growth and service to our industry.”
Stoneridge Elects George Mayes Jr. To Board Of Directors
Mayes currently serves as executive vice president, Global Operations of Diebold Inc., a provider of integrated self-service delivery, security systems and related services.
Kevin Kramer Named President of Stoneridge Wiring Division, Vice President of Stoneridge
The former Alcoa and Goodyear executive will oversee the company’s wiring business.
Stoneridge Increases Equity Ownership in Brazilian Joint Venture
Stoneridge’s ownership interest in PST Eletronica S.A., a Brazil-based electronic system provider focused on security, infotainment and accessories primarily for the automotive and motorcycle markets, has now increased from 50 percent to 74 percent.
Stoneridge Announces Passing of Founder and Chairman D.M. Draime, 73
Stoneridge today announced that David Max Draime, the company’s founder and chairman, passed away on July 9, at the age of 73. Stoneridge today announced that David Max Draime, the company’s founder and chairman, passed away on July 9, at the age of 73. A U.S. Navy veteran and graduate of Kent State University, Draime established the company in 1965 to produce wiring harnesses primarily for the agricultural equipment industry. From humble beginnings in a small factory in Orwell, OH, Draime presided over an operation that grew from five employees in 1965 to approximately 6,000 employees on four continents in 2006. Today, Stoneridge is a leading supplier to the automotive, commercial vehicle and agricultural/off-highway markets around the world with revenue of approximately $672 million.