NOVI, Mich. — Oct. 18, 2017 — Stoneridge, Inc., a leader in highly engineered electrical and electronic components for the commercial vehicle and automotive industry, announced that effective October 23, Robert (Bob) Willig will be appointed president of the Control Devices Division, succeeding Michael (Mike) Sloan who will be retiring in early 2018. Until his retirement, Sloan will remain with the company as vice president to support the transition.

Willig has extensive global leadership experience and proven new business development success through his leadership of teams across multiple cultures, languages, locations, and disciplines. His prior experiences include serving in executive roles and leading P&Ls as CEO of Plasan Carbon Composites; president of Driveline Americas, and president of Sinter Americas at GKN; and president of the Power Transmission Division at Tomkins PLC (Gates Corporation). He has also served on various boards, including Plasan’s Board of Directors, GKN’s Chief Executive Council and Gates Corp. Asia Board of Directors.

“Bob’s understanding of vehicle components and technology, his leadership capabilities, his past experiences growing profitable businesses and organizations, and his commitment to customers and commercial excellence make him a valuable addition to the Stoneridge team,” said Jon DeGaynor, president and CEO, Stoneridge, Inc. “Bob’s values based leadership will build on the success of Control Devices and help prepare that business and culture for continued success. We’re very excited to have him join our team. We also thank Mike Sloan for his dedicated years of service building a strong and capable business which has contributed strongly to the success of Stoneridge and is well positioned to continue that strong contribution.”

The Control Devices segment designs and manufactures products and systems that monitor, measure, or activate specific functions within a vehicle, including product lines as sensors, electromechanical actuator products, switches and valves.

Willig will be based at Stoneridge’s headquarters in Novi, Mich. and report to DeGaynor.

About Stoneridge, Inc.
Stoneridge, Inc., headquartered in Novi, Michigan, is an independent designer and manufacturer of highly engineered electrical and electronic components, modules and systems principally for the automotive, commercial vehicle, motorcycle, agricultural and off-highway vehicle markets. Additional information about Stoneridge can be found at Stoneridge.com.

Contacts:
Matthew Horvath
Director of Investor Relations and M&A
Matthew.Horvath@stoneridge.com
+1.248.324.3883