Gentherm names Bill Presley as CEO effective Jan 1, 2025; Phil Eyler departs Dec 31, 2024

Gentherm Inc

Phil Eyler will resign as CEO and director Dec 31, 2024; will serve as advisor through June 2025.
William T. Presley, former Aptiv Vice Chairman and COO, becomes President, CEO and board member Jan 1, 2025.
Presley's package: $950k salary, 125% bonus target, $4M annual equity grant (70% PSUs, 30% RSUs).
Presley receives two $1.35M cash bonuses and $4.7M in RSUs to replace forfeited Aptiv compensation.
Company expects to name new CFO soon; search process ongoing.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

William T. Presley

President and Chief Executive Officer

THRM · Gentherm Inc

Effective: 2025-01-01
Filed: November 8, 2024, 6:59 PM ET

William T. Presley has been hired as the successor President and Chief Executive Officer of the Company, and has been appointed by the Board as a director of the Company, each effective January 1, 2025

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

William T. Presley was appointed as President and Chief Executive Officer at Gentherm Inc.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

William T. Presley has been hired as the successor President and Chief Executive Officer of the Company, and has been appointed by the Board as a director of the Company, each effective January 1, 2025

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Gentherm Inc filing history →

Source: SEC EDGAR

accession 0001193125-24-253684

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