New Stoneridge CEO Named

Stoneridge Appoints Jon DeGaynor As CEO

Current CEO John Corey will retire on June 30, 2015.

Stoneridge-logoWARREN, Ohio – The Board of Directors of Stoneridge Inc. has announced the appointment of Jonathan DeGaynor as the company’s president and CEO, effective on March 30. DeGaynor will succeed current President and CEO John Corey, who plans to retire on June 30 and will serve in an executive advisory capacity between March 30 and his official retirement date.

Corey was appointed CEO of Stoneridge in January of 2006 after having served on the company’s board of directors beginning in 2004.

William Lasky, chairman of Stoneridge’s board, said, “The entire board thanks John for his many years of service to Stoneridge and the leadership role he played in helping successfully steer the company through the enormous challenges of the 2008-‘10 recession and the successful divestiture of the wiring business in 2014. John has left the company well-positioned for the future.”

DeGaynor, 48, is currently vice president of strategic planning and innovation for Guardian Industrial Corp., a privately held company headquartered in Auburn Hills, Mich. He has spent the majority of his career in the automotive and commercial vehicle industries with key roles in sales and marketing, product development and operations. Prior to this, DeGaynor served as vice president, business development and strategy, and managing director, Asia at SRG Global Inc., a Guardian company. He also served as COO of International Operations for Autocam Corp., a producer of machined components for the automotive and medical industries, and as a business line executive for diesel systems at Delphi Corp.

DeGaynor received a bachelor of science degree in mechanical engineering from the University of Michigan and a masters of business administration degree from the Wharton School of the University of Pennsylvania.

Lasky said the board went through a lengthy and comprehensive search process for the company’s new CEO, targeting someone with a combined strategic, operational and technical background.

DeGaynor said, “I am honored by the confidence the board has placed in me to lead Stoneridge. I am thrilled to join a company with the unique combination of historical success, outstanding people, strong technologies and products, and extensive global presence. I look forward to working with the entire Stoneridge team to leverage these characteristics in ways that will deliver world-class value for our customers by providing innovative, high-quality products, industry-leading execution and outstanding customer support. I am also confident the Stoneridge team will be able to translate this delivered customer performance into strong, consistent results for our shareholders.”

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