NEW ALBANY, Ohio – Commercial Vehicle Group Inc. (CVG) announced that its CFO Chad Utrup is resigning to pursue an outside opportunity. Utrup will remain active with the company until Friday, Nov. 1 to ensure a smooth transition.
Utrup began his CVG career in 1998. Throughout his tenure, he helped lead the company’s successful initial public offering and participated in the negotiation or integration of all of CVG’s acquisitions and joint ventures.
CVG President and CEO Rich Lavin praised Mr. Utrup for shepherding the company’s finance strategy through periods of rapid growth and difficult economic cycles. "Chad is a trusted financial adviser within CVG and has built strong relationships with the banking and investment communities. He leaves a strong financial leadership team in place and a solid legacy of accounting, finance and treasury support. CVG has maintained a robust succession planning process and we expect to have a new CFO on board in a smooth and timely fashion," Lavin stated.
Added Utrup, "It is difficult to leave an organization that has been so special to me for more than 15 years, yet at the same time, I am excited about moving on to a new challenge for the balance of my career. I am fortunate to have had the opportunity to be part of building such a great company and I look forward to watching CVG continue to grow in the future. I am sincerely grateful for all of the relationships I have built here and I would like to thank every employee, colleague, investor, customer and supplier who has supported me and CVG over the years."
