CVG CEO honored for company turnaround

CVG President and CEO Mervin Dunn set a strategy that diversified the company’s customer base, expanded its geographic footprint and provided support for new and innovative products.

The Trucker News Services

7/7/2008

NEW ALBANY, Ohio — Commercial Vehicle Group Inc. reports that President and CEO Mervin Dunn has received the Ernst & Young Entrepreneur of The Year 2008 Award in the turnaround category for the South Central Ohio and Kentucky region.

According to Ernst & Young LLP, the award recognizes outstanding entrepreneurs who are building and leading dynamic, growing businesses. Dunn was selected by an independent panel of judges, and the award was presented at a gala event at The Duke Energy Center, Cincinnati on June 26, 2008.

When Dunn assumed control of the CVG in 2001, it was in financial distress. He quickly set a strategy that diversified the company’s customer base, expanded its geographic footprint and provided support for new and innovative products. Through a series of acquisitions, the company has grown to have 38 locations in eight countries. In 2004, CVG became a publicly traded company and achieved 2007 revenues of $697 million, up from $271 million in 2001.

The Ernst & Young Entrepreneur of The Year honors entrepreneurs who have demonstrated exceptionality in such areas as innovation, financial performance and personal commitment to their businesses and communities.

As a South Central Ohio and Kentucky award recipient, Dunn is now eligible for consideration for the Ernst & Young Entrepreneur of The Year 2008 national program. Award recipients in several national categories, as well as the overall national Ernst & Young Entrepreneur of The Year award recipient, will be announced at the annual awards gala in Palm Springs, California on November 15.

Commercial Vehicle Group supplies fully integrated system solutions for the global commercial vehicle market, including the heavy-duty truck market, the construction and agriculture market and the specialty and military transportation markets. The company’s products include suspension seat systems, interior trim systems, such as instrument and door panels, headliners, cabinetry, molded products and floor systems, cab structures and components, mirrors, wiper systems, electronic wiring harness assemblies and controls and switches specifically designed for applications in commercial vehicle cabs.