SRI News & Events

Stoneridge CEO and President Jim Zizelman is retiring, effective May 20, following nearly seven years of service to the company. The Board has appointed Natalia Noblet, current president of Stoneridge Electronics, as incoming president and CEO as part of a planned leadership transition. Zizelman will continue to serve as president and CEO until March 31, when he will transition into the role of strategic advisor. Noblet will assume the role of president and CEO and become a member of the board of directors on April 1. Zizelman will continue to serve on the board of directors and will be a board of directors' nominee for election at the 2026 Annual Meeting of Shareholders. Zizelman joined Stoneridge in 2019. Noblet joined Stoneridge in September 2024 as president of Stoneridge Electronics. Prior to Stoneridge, she spent nearly two decades at WABCO in increasingly senior roles. Following WABCO's acquisition by ZF in 2020, she held senior leadership positions.

Stoneridge CFO and Treasurer, Matt Horvath has resigned, effective March 31, to pursue an opportunity in a different industry sector. Horvath will continue to serve in his role through that date to support a smooth and orderly transition. Stoneridge's executive team and Board of Directors have initiated a comprehensive search to identify a CFO. Until a permanent replacement is appointed, Robert Hartman, Chief Accounting Officer, will work closely with him over the next two months to ensure a smooth transition. Robert has a cumulative 27 years with Stoneridge, holding various leadership roles within the company, including in accounting, financial planning and analysis, and internal audit.

Stoneridge announced that it has completed the sale of its Control Devices segment to an affiliate of Center Rock Capital Partners, a private investment firm specializing in driving long-term value creation for middle-market industrial businesses. The transaction was closed, effective as of January 30, concurrent with the signing of the definitive agreement to sell the Control Devices segment. The sale was completed with a base purchase price of $59M. Stoneridge will use the net cash proceeds, after tax and transaction-related expenses, to repay its debt and strengthen its balance sheet.