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Gentherm announces retirement of chairman Oscar Marx

Oscar B Marx IIIGentherm Incorporated, a thermal management solutions for the automotive, aftermarket company, announced retirement of chairman of the board, Oscar B. Marx, III at the end of his current term in May 2017.

Mr. Marx has served as Chairman since 1999 and held the position of Interim Chief Executive Officer from October 2001 to March 2003.

READ MORE Gentherm names former Ford CFO Lewis Booth to board of directors

Mr. Marx previously served as President and CEO of TMW Enterprises, Inc., a private investment firm located in Troy, Michigan, from 1995 to 2001.

In 1994, he was President and Chief Executive Officer of Electro-Wire Products (predecessor to TMW Enterprises, Inc.), a major supplier of electrical distribution systems to the automotive industry.

After 32 years of service, Mr. Marx retired from Ford Motor Company in 1994 as Vice-President of its Automotive Components Group (currently known as Visteon Corporation).

The Board of Directors unanimously agreed to appoint Francois Castaing as the new Chairman of the Board effective as of the 2017 annual meeting of shareholders, subject to Mr. Castaing's reelection.

Mr. Castaing has served as a director of the Company since 2001. He retired in 2000 as technical advisor to the Chairman of Chrysler Corporation.

Prior to his retirement, Mr. Castaing spent 13 years with Chrysler Corporation, where he held various positions, including Vice-President of Vehicle Engineering from 1988 to 1996 and President of Chrysler International from 1996 to 1997.

He was Vice-President of Engineering and Group Vice-President Product and Quality of American Motors, from 1980 until Chrysler acquired that company in 1987.

Mr. Castaing began his career with Renault as Technical Director for Renault Motorsport Programs.

He currently serves as a director of publicly-traded TRW Automotive Holdings Corp., where he is a member of the Audit Committee and the Chairman of the Compensation Committee.


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