Commercial Vehicle Group, Inc. (CVG) announced Wednesday its board of directors has elected Janice E. Stipp as an independent director to the board, effective Feb. 28, 2019.
CVG says Stipp will serve on the board’s Audit and Nominating and Governance Committees; she will stand for re-election at the company’s 2019 annual meeting of stockholders. Stipp, 59, brings more than 35 years of financial and accounting leadership experience and has served as chief financial officer of both public and private companies. She currently serves as a director for ArcBest Corporation and is on the Michigan State University Foundation Board, CVG says.
CVG also announced this week the retirement of Richard A. Snell, effective May 16, 2019, without standing for re-election at the 2019 annual meeting of stockholders. Snell has served as a director since 2004 and was the chairman of the board from March 2010 through May 2018.
“Dick has been an invaluable contributor to the board since the company’s earliest days and provided extraordinary leadership to the board and the company during his tenure,” says current Chairman Scott Arves. “On behalf of the entire board of directors, I want to express my appreciation for Dick’s contributions and friendship as we worked together to support the company’s strategic goals and priorities.
“I also want to welcome Janice to the board. We are very pleased to have someone of her caliber join us. She brings relevant skills and significant experience in areas of critical importance to the company that will enhance our board’s capabilities as we guide the Company through the execution of its long term growth initiatives.”