Commercial Vehicle Group Inc. announced the realignment of its executive leadership team.
Under the new structure, Kevin Frailey has been appointed president of Global Construction, Agriculture & Military; Patrick Miller has been appointed president of Global Truck & Bus, and Timo Haatanen has been appointed president of Global Aftermarket and Structures. These three presidents will be responsible for carrying out the CVG global strategy and will be assisted by geographic market leaders who will execute the global strategy through day-to-day leadership of our domestic and international operations.
The company also announced the addition of Geoff Perich as the managing director of Asia Pacific, which includes China, India, Southeast Asia and Australia. Perich brings more than 30 years of experience in the construction equipment industry in Asia-Pacific, North America and Australia. Most recently he served as the Asia-Pacific product manager for hydraulic excavators for Caterpillar Inc. located in Beijing, China. Perich will be based in Shanghai.
Jerry Armstrong, who served previously as the president of North & South American Markets, will leave CVG as of Sept. 1. Gordon Boyd, president of Indian & Australian markets, had previously announced his retirement as of Sept. 1, and Greg Wells, who previously served as managing director of China, will also leave CVG.
The Cass Truckload Linehaul Index continued the acceleration that began in 2017 by posting a record 8.2% year-over-year increase, with the measure hitting a reading of 134.8.