Our Company

Advancing Vehicle Safety and Intelligence

Stoneridge, Inc. is a designer and manufacturer of highly engineered electrical and electronic systems, components and modules, primarily for the automotive, commercial vehicle, motorcycle, agricultural and off-highway vehicle markets. Stoneridge is well-positioned to meet the global needs of the mobility industry, providing solutions that power vehicle intelligence, provide dramatic increases in efficiency, reduce vehicle emissions, and improve safety and security for vehicles, cargo and drivers. The mobility industry’s sought-after integrated technology partner, Stoneridge is ready to take on your next vehicle challenge.

Stoneridge Innovation Stems From Decades of OEM Experience

Since 1965, Stoneridge has designed and manufactured advanced, award-winning technologies for vehicle OEMs, including driveline and transmission actuation systems, vision systems, emissions control systems, safety systems, security and monitoring systems and much more.

  • OEM-Grade – Stoneridge’s OEM experience allows it to identify solutions to the most challenging problems with cost-effective, high quality and highly reliable technologies.
  • Systems and Solutions – Stoneridge’s expert engineering teams have mastered packaging and vehicle systems integration, allowing for the delivery of comprehensive technologies that improve vehicle motion control, safety, fuel efficiency and intelligence.

Innovation First – A mid-size company with a start-up mindset, Stoneridge is driven by a team of entrepreneurial thinkers and innovators and backed by an organizational commitment to R&D.

History

Following are some of the highlights of the Company’s progress:

1965

Stoneridge is founded in Warren, Ohio, by D.M. Draime, as a one-customer, contract manufacturing business serving the automotive market. Draime remained Chairman of the Company’s Board of Directors until his death in 2006.

1988

Stoneridge acquires the Joseph Pollak Corporation, a manufacturer of electronic and electromechanical switch products in Boston, Massachusetts. Pollak, established in 1909, traces its automotive roots to supplying 2-pole connectors to Ford Motor Company on the Model T.

1992

Stoneridge acquires the Transportation Electronics Division of General Instruments, a manufacturer of power conversion modules and sophisticated instrumentation components. Located in El Paso, Texas and Juarez, Mexico, this acquisition was the starting point for our electronics business.

1995

Stoneridge acquires the power door lock actuator business unit from Kelsey-Hayes. The business is relocated from Brighton, Michigan to Boston, Massachusetts and merged with the existing four-wheel drive actuator and fuel valve production within the Pollak division.

1996

Stoneridge acquires approximately 45% of Berifors AB (“Berifors”), a Sweden-based manufacturer of electronic display panels and instrumentation for the European truck and commercial vehicle markets.

1997

Stoneridge completes its IPO on the New York Stock Exchange, (NYSE: SRI).

1997

Stoneridge acquires the remaining 55% of Berifors (later renamed Stoneridge Electronics), which solidly establishes our European presence in vehicle electronics.

1997

Stoneridge enters into a 50% joint venture agreement with PST Amazônia S.A. in Brazil, which provides us with a platform to expand further into the South American market.

1998

Stoneridge acquires Hi-Stat Manufacturing Co., Inc., with plants in Lexington, Ohio and Sarasota, Florida. This leading supplier of vehicle sensor and switch products was the largest acquisition in Stoneridge’s history and it enabled us to “close the loop” in terms of our electrical systems capabilities.

1999

Stoneridge acquires assets from a division of Delta Schoeller Limited (later renamed Stoneridge Pollak Limited), based in the United Kingdom, to grow the Company’s presence in European markets for switch, actuator and sensor products. Stoneridge acquires TVI Europe, Ltd. (later renamed Stoneridge Electronics Limited), based in Dundee, Scotland, providing the Company with products, expertise and customer base expansion in the area of transport monitoring devices for commercial vehicles.

2004

A joint venture is established with Minda Group, one of India’s major automotive suppliers, based in New Delhi, India. This joint venture meets the growing market for electronic instrumentation and vehicle information management systems in Asia. A new representative office was opened in Shanghai, China, to manage existing supplier base and to help secure new low-cost supply sources of components for use in our manufacturing operations.

2005

Stoneridge establishes a new subsidiary in Suzhou, China, for the manufacture of sensors, switches, electronic instrumentation and other related electromechanical products for the automotive and commercial vehicle markets.

2009

Stoneridge acquires a 51% equity interest in Bolton Conductive Systems LLC (“BCS”), an electrical system supplier based in Walled Lake, Michigan. BCS designs and manufactures a wide variety of electrical solutions for the military, automotive, marine, and specialty vehicle markets.

2011

Stoneridge acquires an additional 24% ownership of PST Eletrônica S.A. (“PST”, formerly known as PST Industria Eletronica da Amazonia Limitada), a Brazil-based electronic system provider focused on security, infotainment and accessories primarily for the automotive and motorcycle markets. At the conclusion of the transaction, Stoneridge’s ownership interest in PST increased from 50% to 74%.

2014

Stoneridge acquires ownership of Motometer GmbHB, a Germany-based distributor of tachographs, accessories and the Motodrive analysis software. Founded in 1912, MotoMeter is a well-recognized brand within the German commercial vehicle market.

2014

Stoneridge sells its Wiring Business to Motherson Sumi Systems Ltd. to focus resources on our technology-driven business segments.

2016

Company headquarters moves from Warren, OH to Novi, MI.

2017

In January 2017, Stoneridge completed the acquisition of Orlaco Products BV. Orlaco designs, manufactures and sells a wide variety of innovative camera-based vision systems, monitors and related products primarily to the heavy off-road machinery, commercial on-road vehicle, lifting crane and warehousing and logistics industries. These products provide a greater field of view in all operating conditions, increasing the safe operation of a wide variety of working vehicles.

2017

In May 2017, Stoneridge acquires 100% of PST Eletrônica LTDA (“PST”), a Brazil-based electronic system provider focused on security, infotainment and accessories primarily for the automotive and motorcycle markets. PST Electronics had formerly been a Stoneridge joint venture since 1997. This partnership provides Stoneridge with a base for expansion into the growing South American automotive market.

Locations

Headquartered in Novi, Mich., Stoneridge’s global footprint encompasses 25 locations in 15 countries. Our technology and partnership-oriented approach to product design and development enables us to develop next-generation products and excel in the transition from mechanical-based components and systems to electrical and electronic components, modules and systems.

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Leadership

Jim Zizelman

President & Chief Executive Officer

Jim Zizelman was appointed president and chief executive officer and member of the Stoneridge Board of Directors in January 2023. He previously joined Stoneridge as president of the Control Devices Division in April 2020. Prior to joining Stoneridge, Zizelman was the vice president of engineering and program management for Aptiv, where he had overarching responsibility for the engineering function and supported the company’s transition from Delphi. Zizelman spent more than 20 years with Delphi, leading a variety of technical and business teams for the Powertrain and Electronics Divisions, and taking responsibility for the innovation, development and execution of all safety, automated and infotainment programs. He holds a bachelor and master’s degree in mechanical engineering from Case Western Reserve University. Jim is also a member of the Board of Directors of Lunewave, a startup focused on transportation radar systems.

Matthew Horvath

Chief Financial Officer & Treasurer

Matthew Horvath was appointed chief financial officer and treasurer in 2021. He previously served as Stoneridge’s executive director of corporate strategy and investor relations, and prior to that as director of investor relations. Prior to joining Stoneridge, he spent six years at EY, formerly known as Ernst & Young, in the Transaction Advisory practice, primarily focused on business and asset valuation with a focus on the automotive and transportation industry. Matt graduated from Michigan State University with a bachelor’s degree in Finance.

 

Susan Benedict

Chief Human Resources Officer & Assistant General Counsel

Susan Benedict was appointed chief human resources officer (CHRO) and assistant general counsel – labor and employment in June 2019. Benedict leads Stoneridge’s global human resources team to develop and deliver global talent and organizational strategies to drive the Company’s operations and growth, as well as provide legal advice and counsel on global labor and employment matters. Benedict previously served as Stoneridge’s director of legal since November 2017. Prior to Stoneridge, Benedict has experience in automotive manufacturing operations and non-profit programs management. After becoming a lawyer, she served as corporate counsel for Guardian Industries. Benedict holds a Bachelor of Arts from The Ohio State University, a Master of Business Administration from the University of Detroit Mercy, and a Juris Doctor from Western Michigan University Thomas M. Cooley Law School. She is licensed to practice law in Michigan. Susan served as a member of the Board of Directors of Unique Fabricating, a components supplier to the automotive and industrial appliance markets, from 2019 to 2023.

Robert J. Hartman

Chief Accounting Officer

Robert Hartman has served as chief accounting officer since 2016. Prior to that, he served as corporate controller from 2006 and director of internal audit from 2003. Hartman served as director of group accounting, communications group at Marconi PLC from 2000-2002. Prior to that, Hartman was Stoneridge’s director of accounting from 1996. Mr. Hartman began his career at Coopers & Lybrand LLP in 1990.

Theresa G. Mitchell

Chief Information Officer

Theresa Mitchell has served as chief information officer since 2016. Prior to that, she served as the director of global business solutions from 2011. Prior to that, Mitchell served in roles of increasing responsibility since joining Stoneridge in 1990. She has successfully led numerous business initiatives and global cross-functional projects to improve the company’s business systems and processes.

Sal Orsini

Chief Procurement Officer

Sal Orsini was appointed chief procurement officer in 2022. Prior to joining Stoneridge, Orsini was
the vice president, global chief supply management officer at Nexteer Automotive, where he had
responsibility for all aspects of supply chain operations. Orsini brings more than 25 years of global
supply chain management experience, having held various leadership roles at Aptiv, General
Motors, Rolls-Royce Aerospace and Delphi. He a graduate of Central Michigan University, has
completed additional studies through Harvard Business School, Executive Emerging Leaders
program and received his Certification in Professional Supply Management from the Institute for
Supply Management.

Troy Cooprider

Chief Technology Officer

Troy Cooprider was appointed to chief technology officer, global technology in March 2024. He joined the company in 2020 and previously served as vice president, advanced engineering, and engineering excellence, where he was responsible for developing and executing Stoneridge’s next generation products, including MirrorEye® CMS.

Cooprider brings more than 30 years of automotive electronics experience to Stoneridge. His experience spans multiple generations of product development and launch of Passive and Active Safety (ADAS) systems, Instrument Cluster / Infotainment systems, Body & Security, and Power Electronics systems.  He previously served as executive director, engineering at Aptiv, where he led global, cross-functional teams for a broad range of electronics and safety products.

He holds a bachelor’s degree in electrical and electronics engineering from Rose-Hulman Institute of Technology.

Rajaey Kased

President, Control Devices Division

Rajaey Kased was appointed president of the Control Devices Division in January 2023. He previously joined Stoneridge as the vice president of sales, strategy, and product line management for the division in 2019. Prior to joining Stoneridge, Kased served as head of business development, ADAS and powertrain, North America, at Henkel. From 2005 to 2017, he served in several roles of increasing responsibility at Delphi, where he led a variety of advanced engineering and business teams. He launched first to market products across multiple regions and held responsibility in developing and driving both regional business and global portfolio strategies. Rajaey was responsible for the general management of multiple plants driving the strategic direction and business execution. He holds both a bachelor’s and master’s degree in mechanical engineering from the University at Buffalo and a master’s in business administration from the University of Rochester.

Peter Österberg

President, Stoneridge Electronics Division

Peter Österberg was appointed to president of the Electronics Division in 2022. Before joining Stoneridge, Peter served as vice president of Supplier Quality and Development at Volvo Group from 2017-2022. Before that he served in a variety of roles at Volvo including vice president of engineering at Volvo CE, global director Volvo Powertrain, and other positions with increasing responsibility over time. Prior to that, he worked at Volvo Cars, both within product development and quality. He brings with him more than 25 years of industrial experience and holds a master’s degree in electrical and electronics engineering from Chalmers University of Technology.

Caetano Ferraiolo

President, Stoneridge Brazil Division

Caetano Ferraiolo was appointed to president of the Stoneridge Brazil Division in June 2017. He joined the company in 2015 and previously served as chief operating officer. Prior to joining Stoneridge, he served for 5 years as VP of operations for Cannondale Sports Group in Brazil. From 2005 to 2010, Ferraiolo served as director of European commercial and development, Autocam Corporation, a manufacturer of precision components for the automotive industry. Prior to that, he held positions of increasing responsibility in operations and commercial areas during his 8-year tenure with Autocam Corporation.

Archie Nimmer III

Vice President, Global Operations

Archie Nimmer III was appointed vice president, global operations in 2021 where he leads Stoneridge’s global operations team driving operational excellence globally. Since joining Stoneridge in 2017, he has held a variety of operations leadership roles including head of operations for Europe and India, global director of operational excellence, and global operational excellence manager.

Prior to joining Stoneridge, Nimmer utilized his operations experience in packaging and containers, food and beverage, and automotive manufacturing operations. He holds a bachelor’s degree in chemistry from Tennessee State University.

Board of Directors

William M. Lasky

Chairman of the Board

William Lasky has been chairman since 2006 and has served as a director since 2004. Lasky served as president and chief executive officer of Accuride Corporation, a manufacturer and supplier of commercial vehicle components, from 2008 until his retirement in 2011. He has served as chairman of the board of Accuride Corporation from 2009-2012. Prior to Accuride, he served as the chairman of the board and president and chief executive officer of JLG Industries, a manufacturer of aerial work platforms, telescopic material handlers and related accessories from 1999 through late 2006. Prior to joining JLG Industries, Lasky served in various senior capacities at Dana Corporation from 1977 to 1999. He serves as a director of Affinia Group, Inc., a designer, manufacturer and distributor of industrial grade replacement parts and services for automotive and heavy-duty vehicles, and as a board trustee member of Norwich University.

Jim Zizelman

President & CEO

Jim Zizelman was appointed president and chief executive officer and member of the Stoneridge Board of Directors in January 2023. He previously joined Stoneridge as president of the Control Devices Division in April 2020. Prior to joining Stoneridge, Zizelman was the vice president of engineering and program management for Aptiv, where he had overarching responsibility for the engineering function and supported the company’s transition from Delphi. Zizelman spent more than 20 years with Delphi, leading a variety of technical and business teams for the Powertrain and Electronics Divisions, and taking responsibility for the innovation, development and execution of all safety, automated and infotainment programs. He holds a bachelor and master’s degree in mechanical engineering from Case Western Reserve University. Jim is also a member of the Board of Directors of Lunewave, a startup focused on transportation radar systems.

Ira C. Kaplan

Director

Ira Kaplan has served as a director since 2009. He was the managing partner of Benesch, Friedlander, Coplan & Aronoff LLP, a national law firm, from 2008 through 2015, and has been its Executive Chairman since then. Mr. Kaplan has been a partner with the firm since 1987. Kaplan focuses on general business and strategic counseling, corporate governance matters, and mergers and acquisitions, with a concentration on private equity and strategic clients.

Kim Korth

Director

Ms. Korth is a seasoned executive with over 30 years of experience running a diverse set of manufacturing and industrial companies. Ms. Korth is Managing Director of 6th Avenue Group LLC, a company she helped found in 2017 to acquire and grow niche businesses.  She is also Chief Executive Officer of Engauge Workforce Solutions, a staffing agency focused on manufacturing and distribution businesses. Previously, Ms. Korth was President and CEO of Techniplas LLC, a privately held group of plastics-focused manufacturing businesses, and Supreme Corporation (NYSE: STS), a manufacturer of commercial trucks and buses. She was the founder and CEO of IRN, Inc., a boutique consulting firm focused on the automotive supplier community. She has also served on a variety of corporate boards (5 public companies and 12 private companies) over the course of her career, including Burke E. Porter Machinery Company, Shape Corp., Unique Fabricating, Autocam, and Unwired Technology. She currently serves on the Boards of Stoneridge Inc. and Engauge Workforce Solutions, and she is vice Chairwoman of Garyline Inc.  Ms. Korth is known for her ability to define long-term strategic direction, establish robust operating systems to ensure operational excellence and implement optimal growth strategies. She has been instrumental in helping dozens of companies move from a history of underperformance to consistent top and bottom-line growth.

Ms. Korth earned a B.A. from Western Michigan University and a M.I.M. from the American Graduate School of International Management (Thunderbird).

George S. Mayes, Jr.

Director

George Samuel Mayes Jr has served as an independent director for Stoneridge Inc. since 2012. George also serves as chairman of Stoneridge’s Compliance and Ethics committee. George is also an independent director for Forward Air Corporation, a leading provider of ground transportation and related logistics services since 2021. George served as executive vice president and chief operating officer of Diebold, Inc., a provider of integrated self-service delivery, security systems and related services. Prior to that, he served as the chief operating officer at Tinnerman Palnut Engineered Products, LLC, a designer, producer and supplier of engineered spring steel fasteners, precision stampings, plastic components and related assemblies to automotive and industrial OEMs. Additionally, Mayes served as vice president, manufacturing, fastening systems at Stanley Works, a diversified global provider of hand tools, power tools and related accessories, mechanical access solutions and electronic security solutions, engineered fastening systems, healthcare solutions and infrastructure solutions. Mayes began his career at Delphi, a leading supplier of electronics and technologies for automotive, commercial vehicle and other market segments, and held positions of increasing responsibility over his 15-year tenure. George is a Six Sigma black belt, and is NACD certified in Cyber security risk management and oversight.

Carsten J. Reinhardt

Director

Carsten J. Reinhardt has served as Director since 2023. Reinhardt currently serves as an independent senior advisor providing consulting support on enterprise strategy, operations improvement, sales growth, product management, human capital development, and M&A to various public and private companies in Europe and North America.

Previously, Reinhardt served as president and chief executive officer of Voith Turbo, a supplier of advanced drivetrain technologies. Prior to that Reinhardt served as chief operating officer of Meritor Inc. and as president of Meritor’s commercial vehicle division. Before joining Meritor, Reinhardt served as president and chief executive officer of Detroit Diesel Corporation, following a variety of senior management positions at Daimler Trucks North America, Freightliner and Western Star Trucks. Reinhardt started his career as a management trainee at Mercedes-Benz AG.

Reinhardt serves as the vice chairman of the board for Grundfos Holding A/S, a leading global pump and water solutions company. He also serves as a board member for SAF-Holland SE, a leading supplier to the commercial vehicle industry. Reinhardt serves as chairman of the advisory board for tmax Holding GmbH, a specialty supplier of high-temperature insulation technologies, and is a member of the advisory board for Beinbauer Automotive GmbH, a machining supplier to the commercial vehicle and off-highway industries.

Reinhardt earned a bachelor’s degree in mechanical engineering from Esslingen University and a master’s degree in automotive engineering from the University of Hertfordshire, UK. He currently resides in Stuttgart.

Sheila Rutt

Director

Sheila Rutt has spent more than 25 years in leadership roles with various global organizations including Culligan International, RR Donnelly and Diebold Nixdorf Incorporated. With 18 years of CHRO experience and more than 25 years of experience in Human Resources, Sheila is an accomplished Global HR Business Executive with a successful track record building capable and engaged teams who deliver strong business outcomes during periods of rapid growth.

Joining in July of 2023 as Hexion’s Senior Vice President and Chief Human Resources Officer, Rutt leads talent acquisition, talent management, total rewards, leadership development, associate relations, HRIS, and Diversity, Equity, and Inclusion efforts. With a deep background in talent management and associate engagement, she provides seasoned leadership that supports our mission and vision, advances our diversity and inclusion efforts, and fosters a culture that positively impacts our associates.

Paul J. Schlather

Director

Paul Schlather has served as a director since 2009. Schlather is an independent business consultant serving on a number of privately held boards. He was a partner at PricewaterhouseCoopers LLP serving as co-head to the private client service group from August 2002 until his retirement in June 2008.

Frank S. Sklarsky

Director

Frank S. Sklarsky has served as director since 2021.  Sklarsky most recently served as executive vice president and chief financial officer of PPG Industries, one of the world’s leading paint and coatings companies from 2013 until his retirement in 2017. Previously, Sklarsky was executive vice president and chief financial officer of Tyco International, a global security solution, fire protection and flow control infrastructure company. Prior, he served as executive vice president and chief financial officer at both ConAgra Foods, Inc. and Eastman Kodak Company.

After starting his career at Ernst & Young as a CPA, Sklarsky spent 20 years with Chrysler Corporation and DaimlerChrysler, serving in a series of management roles, ultimately rising to the position of vice president, Finance – Product Quality, Cost Management and Procurement.

Sklarsky serves on the executive committee for Rochester Institute of Technology’s board of trustees, where he is chairman of the university’s investment committee. He served as a board member for Nexa3D, the maker of ultrafast polymer production 3D printers, from 2019 until 2024.  He served as board member and chairman of the audit committee for Cenveo Worldwide until its sale in 2022.  He served on the board of directors of Harman International Industries, Inc. for almost five years until its sale to Samsung Electronics in 2017 and was a member of both the audit and compensation committees.

Sklarsky earned a bachelor’s degree in accounting from Rochester Institute of Technology and an MBA from Harvard University.