Commercial Vehicle Group, Inc. (CVG) Announces Chief Financial Officer Transition

Key Points for Investors

• CFO Resignation and Succession: Andy Cheung, the current Chief Financial Officer of CVG, will resign effective April 15, 2026, to accept a CFO position at another mid-cap publicly traded company.
• Interim CFO Appointment: Angie O’Leary, currently the Senior Vice President, Corporate Controller, and Chief Accounting Officer, has been promoted to Interim Chief Financial Officer. She will retain her roles as Corporate Controller and Chief Accounting Officer while serving as interim CFO.
• No Immediate Search for Permanent CFO: CVG has indicated that it does not intend to initiate a search for a permanent CFO at this time, signaling confidence in the internal transition and Ms. O’Leary’s capabilities.
• Reaffirmation of Outlook: The company has reaffirmed its previously issued full-year 2026 outlook, as provided in its fourth-quarter 2025 earnings materials released on March 10, 2026.

Details of the Transition

Andy Cheung’s departure marks a significant change in CVG’s executive leadership. During his tenure, Cheung oversaw important restructuring and refinancing initiatives, helping to position CVG for future growth and stability. His resignation could raise some concerns about continuity and leadership stability, but the company has moved swiftly to ensure a seamless transition by appointing a highly qualified internal candidate.

Angie O’Leary brings a wealth of experience to the interim CFO role. She has served as CVG’s Senior Vice President, Corporate Controller, and Chief Accounting Officer since December 2020. Prior to joining CVG, she held leadership positions at Vertiv Holdings Co., including as Interim Corporate Controller, and spent over a decade at Deloitte & Touche LLP, where she rose to Senior Manager in Audit. O’Leary holds both a Bachelor of Science in Business Administration and a Master of Accounting from The Ohio State University and has been a Certified Public Accountant since 2005.

Shareholder Considerations & Potential Share Price Impact

• Leadership Transition Risk: While CVG has opted for an internal interim replacement rather than an external search, any CFO transition carries potential risks for execution of the company’s strategic and financial plans. Investors may closely monitor the company for any operational or financial disruptions during this period.
• Stability and Continuity: The company’s decision not to seek an external candidate and to retain Ms. O’Leary in dual roles suggests confidence in internal leadership and a focus on maintaining continuity and momentum.
• Outlook Reaffirmation: Reaffirming the previously issued 2026 outlook demonstrates management’s confidence in the business and may help mitigate investor uncertainty arising from the transition.

About CVG

CVG is a global provider of systems, assemblies, and components for the commercial vehicle and electric vehicle markets. The company serves a wide range of industries with a focus on delivering engineering and manufacturing solutions to complex problems. Additional information is available on their website at www.cvgrp.com.

Forward-Looking Statements

The press release includes forward-looking statements involving risks and uncertainties, such as industry outlook, financial results, business plans, and market conditions. Actual outcomes may differ materially due to factors such as supply chain disruptions, inflation, labor shortages, tariffs, acquisitions or divestitures, and other economic and competitive influences outside the company’s control.

Contacts:
Michelle Hards, Vice President, Investor Relations and Corporate Financial Planning and Analysis: [email protected]
Investor Relations: Ross Collins or Nathan Skown, Alpha IR Group: [email protected]

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should perform their own due diligence and consult their financial advisors before making investment decisions. The information is based on public disclosures as of April 1, 2026, and may be subject to change without notice.

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