Northville, Mich., USA - April 10, 2013, Northville, Mich., USA - Gentherm Incorporated, a developer of innovative thermal management technologies, announced that it has selected two new director nominees.
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The nominees will fill vacancies created by the resignations of John M. Devine and James D. Donlon III which will be effective as of the date of the Annual Meeting.
The two new nominees to be considered for election are Franz Scherer and Byron T. Shaw II.
Dr. Scherer has been Chairman of the Supervisory Board at W.E.T. Automotive Systems AG since June 1, 2004. He also sits on the Boards of Mannheimer AG Holding, Mannheimer Versicherungs AG, Mamax Lebensversicherungs AG and Seeburger AG.
Dr. Scherer served as CEO of two prominent companies, FTE Automotive Group, a private equity buy-out of the clutch and break hydraulics business of DANA Corp, and SIRONA Group, a private equity buy-out of the SIEMENS dental medical business. He also was a business consultant at McKinsey, Rothman's International, Honeywell Bull and Rank Xerox.
Dr. Scherer studied economics and business at the Free University Berlin and the London School of Economics, and holds a master's degree from the University of Texas. He also studied at the University of California, Berkeley, and received a doctorate degree from the Free University Berlin.
Dr. Shaw has served for the past year as an independent consultant, providing diligence, strategy and execution advisory services focusing on automotive technology and related services.
Just prior to that, he spent six years with General Motors where he worked as Manager of the Wireless Networks and Technology Group and helped to establish a Silicon Valley Office. He spent his last year with General Motors in the dual role of Managing Director of the Silicon Valley Office for General Motors Ventures LLC.
Dr. Shaw also spent a year with Ready Solar Inc. as Founder and CTO leading up to its acquisition by SunEdison, and five years at BMW where he held increasingly responsible positions of Principal Technology Engineer, Manager of Advanced Technology Deployment, and Manager of Advanced Technology.
Dr. Shaw currently serves on the Board of Directors of privately-held Project Renovo and is a member of advisory committees for Smalltech LLC and several startup ventures in the automotive, infotainment and powertrain industries. ■