- Push-out Score suggests push-out forces
- After around 14 years on the job
- Accolades and praise for Coker
- Search for a successor
(exechange) — Northville, Michigan, June 28, 2017 — Dan Coker, chief executive of Gentherm, leaves. As announced by Gentherm Incorporated in a news release and in a regulatory filing published on Wednesday, June 28, 2017, Daniel R. (Dan) Coker leaves the post as Chief Executive Officer at the maker of thermal management technologies in a surprising move after around 14 years on the job.
It is the end of an era.
Coker has agreed to continue serving in his current position until the appointment of his successor.
Gentherm will undertake a search for a successor.
No reason given
In the announcement, Gentherm did not explicitly explain the reason for Coker’s move, opening the door for speculation.
Precise information about the future plans of Coker was not immediately available.
Gentherm said: “Daniel R. Coker, President, CEO, will retire and begin a planned leadership transition over the next several months.”
Chaired by Oscar B. Marx
Gentherm Incorporated is chaired by Oscar B. Marx.
Oscar B. Marx, III has served as Chairman of the Board since he joined the Board in 1999.
On the job as CEO since 2003
Daniel R. Coker has been the Chief Executive Officer and President of Gentherm Incorporated since March 21, 2003.
Coker joined Gentherm in 1996 and has served as President and CEO since 2003.
Dan Coker has more than 25 years of experience in marketing, new product development, operations, and general management in the automotive industry.
Prior to becoming President and CEO, Coker had served as Vice President of Sales and Marketing since March of 1996 when he joined Gentherm.
From 1986 to 1995, he worked as Vice President and General Manager of North American Operations for ArvinMeritor, a $7 billion automotive Tier 1 supplier.
Coker is also a current member of the company’s Board of Directors and will continue to serve in such capacity.
Generally speaking, when a top manager announces to step aside with no successor in place, it is a signal that the change was unplanned and too early.
Push-out Score suggests push-out forces
It is not completely certain what forces eventually triggered Dan Coker’s move.
The Push-out Score™ determined by exechange suggests that push-out forces may have contributed to the management change.
Read the full story in the exechange report 27.2017 ($).