Horizon Global Corp. announced that Barry Steele has been named the company’s chief financial officer (CFO), effective Feb. 18.
Steele will have responsibility for the company’s global finance function including financial reporting, tax, treasury and financial planning and analysis. Steele will be joining Horizon Global from his role CFO at Gentherm Inc., a global developer and marketer of innovative thermal management technologies for a broad range of heating and cooling and temperature control applications for the automotive and medical markets.
Commenting on Steele’s new role with the company, Carl Bizon, Horizon Global’s president and CEO, stated, “After a comprehensive search conducted with the support of the company’s board of directors, we are pleased that Barry Steele is joining Horizon Global as its chief financial officer. Barry is a seasoned financial executive, with well-rounded and relevant experience helping lead companies in the automotive industry.
“As a proven leader, Barry’s ability to execute, his focus on financial leadership and ability to drive operational excellence are expected to have an immediate impact on our business,” added Bizon. “I look forward to working closely with him and the rest of our global leaders to drive operational and financial performance improvement in the Americas and Europe-Africa to deliver shareholder value.”
Prior to joining Horizon Global and in addition to his CFO role at Gentherm, Steele also served in a number of financial roles, including the role of CFO at Advanced Accessory Systems LLC, which was a leading global supplier of cargo management and towing systems to the automotive OEM and aftermarket. Steele is a Certified Public Accountant who began his career with Price Waterhouse LLP.
The company also announced that Brian Whittman, a managing director of Alvarez & Marsal North America LLC, who has been serving as interim CFO for Horizon Global since Nov. 9, 2018, will continue to serve in that capacity until Steele joins the company. After stepping down as interim CFO, Whittman will hold the title of vice president, finance through the filing of Horizon Global’s 10-K.
