Commercial Vehicle Group, Inc. (CVGI) announced that Chief Financial Officer Andy Cheung will step down effective April 15, 2026, after accepting a CFO position at another publicly traded company.
Corporate Controller and Chief Accounting Officer Angie O’Leary will serve as interim CFO while maintaining her current responsibilities, providing continuity as the company navigates its ongoing restructuring and refinancing initiatives.
In its most recent quarterly report, CVGI posted revenue of $154.8 million for the fourth quarter of 2025, a 5.2% decline from the $163.3 million reported a year earlier, and a net loss of $6.4 million, or $(0.19) per diluted share. Full‑year 2025 revenue totaled $649.0 million, down 10.3% from $724.3 million, while free cash flow rose to $34.0 million, reflecting the company’s focus on cash generation and debt reduction.
The company’s Global Electrical Systems segment drove a 12.7% revenue increase in Q4 2025, offsetting a 22.5% decline in the Trim Systems and Components segment. Adjusted gross margin expanded to 10.3% from 8.4% a year earlier, a 190‑basis‑point gain that underscores the impact of cost controls and a favorable product mix.
CEO James Ray emphasized that the company’s strategic focus on cash generation and debt reduction has positioned CVGI for long‑term resilience. CFO Cheung highlighted that margin benefits from the company’s restructuring efforts have been evident, and that working‑capital and capital‑expenditure reductions have supported strong free‑cash‑flow generation.
Investors responded favorably to the earnings release, citing the revenue beat, margin expansion, robust free‑cash‑flow, and optimistic 2026 guidance as key drivers of the positive market reaction.
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