Commercial Vehicle Group, Inc. (CVG) announced the appointment of David Ruppel as its President and Chief Executive Officer, effective November 9, 2026. Ruppel will succeed James R. Ray, Jr., who will step down from the CEO role and the Board of Directors on the same date. Ray will remain with the company as a Senior Advisor to assist with the transition until his retirement on January 5, 2027.
Ruppel, age 55, joins CVG from Littelfuse, Inc., where he served as Senior Vice President and General Manager of the Transportation & Logistics segment. Prior to Littelfuse, he held leadership roles at IDEX Optical Technologies, Montevideo Technology Inc., Herman Miller, Eaton, and Cooper Industries. He holds an Executive MBA from Marquette University and a Bachelor of Science in Management from Cardinal Stritch University.
The company reported financial results for the third quarter ended September 30, 2026. Revenues for the quarter were $208.1 million, an increase of 36.5% compared to the prior year period. The company reported a net income of $5.6 million, or $0.14 per diluted share, and adjusted net income of $1.2 million, or $0.03 per diluted share. Adjusted EBITDA for the quarter was $8.5 million, with a margin of 4.1%.
CVG also announced that it has raised its full-year revenue outlook and narrowed the range of its Adjusted EBITDA guidance, citing incremental expenses related to the CEO succession process.
