NN, Inc. Appoints Tim Erro as New Chief Commercial Officer, Expands New Business Program

Rhea-AI Summary

NN Inc (NASDAQ: NNBR) has appointed Timothy Erro as its new Vice President and Chief Commercial Officer to lead the company's global commercial team. The appointment comes as NN expands its new business program, which has already generated $160 million in new business wins since 2023. The company maintains a robust pipeline exceeding $700 million across all products and growth areas.

Erro brings over 30 years of experience in electrical and electronic products across various industries. His previous role at Commercial Vehicle Group demonstrated significant success, averaging $50 million per year in new business wins of electrical products - more than triple the historical performance of NN's Power Solutions division. The company aims to accelerate growth particularly in electrical and medical products markets.

News Market Reaction – NNBR

+6.25%

2 alerts

+6.25% News Effect

-7.7% Trough Tracked

+$7M Valuation Impact

$111M Market Cap

0.3x Rel. Volume

On the day this news was published, NNBR gained 6.25%, reflecting a notable positive market reaction. Argus tracked a trough of -7.7% from its starting point during tracking. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $7M to the company's valuation, bringing the market cap to $111M at that time.

Data tracked by StockTitan Argus on the day of publication.

CHARLOTTE, N.C., July 22, 2025 (GLOBE NEWSWIRE) -- NN, Inc. (NASDAQ: NNBR), a global diversified industrial company that engineers and manufactures high-precision components and assemblies, today announced Timothy Erro has joined as its new Vice President and Chief Commercial Officer.  In this position, Mr. Erro will lead NN's global commercial team and report directly to Harold Bevis, President and CEO.

NN has a successful new business program and as a function of this early success, the Company is announcing a commitment to expand this program with this announced leadership change. NN has shown strong initial results in the last two years.

• Approximately $160 million of new business wins since launching the initiative in 2023, with success primarily in the Company’s traditional markets and emerging success in electrical and medical end markets.
• NN’s new business pipeline remains robust at more than $700 million across all products and targeted growth areas.

NN is revising and increasing its overall new business objectives:

• Increasing its targets and the pace for achieving new wins, specifically in electrical and medical markets;
• Setting higher annual award goals; and
• Strategically expanding product offerings and solutions.
  

Tim Erro has led a highly successful global team and program, and has overseen a significant amount of business growth and new wins, including:

• Leading a global team effort that has averaged more than $50 million per year in new business wins of electrical products, more than three times the historical annual new business wins generated by NN’s Power Solutions division; and
• Entering eight new markets, through which his teams have added many new customers in pursuit of electrical products and systems that fit his prior company’s operating assets and know-how.

Harold Bevis, President and Chief Executive Officer of NN commented, "Tim brings an outstanding track record with him and is currently leading one of the most successful new wins programs in the electrical industry globally. He is an expert at entering new markets and expanding market share in existing markets. He has a great blend of technical and commercial expertise, operations know-how, and executive leadership experience, all of which align with our commercial strategy and will help take NN’s growth program to the next level. He and I have worked together in the past, where he led a tremendously successful global program focused on electrical and electronic products at a much larger scale than our current program. His track record of developing and leading high-performing sales organizations will help us achieve our goals faster.”

Erro has more than 30 years of experience with electrical and electronic products across a wide variety of end markets and global geographies, including:

• On-road commercial vehicles;
• Vocational vehicles – buses, transit, refuse;
• Aerospace and defense platforms;
• Automotive passenger vehicles and trucks;
• Last mile delivery vehicles;
• Recreational vehicles – golf carts, ATVs, motorcycles;
• Off-road construction and agricultural equipment;
• Gas, diesel and hydrogen engines;
• Chassis and battery platforms;
• High and low voltage systems;
• Wide variety of connector systems; and
• Windshield wiper systems.

Mr. Bevis concluded, “From our past experience together, I can attest that Tim will increase our focus, pace, hit rates, and the accountability of our global commercial team along our chosen paths. He will strengthen our team and immediately bring in new talent. As part of our enhanced commercial efforts, we especially want to grow at a more accelerated pace in electrical products and medical products.”

Tim Erro commented, “I am excited to join NN's leadership team and am eager to put my background and industry experience to work in strengthening NN's commercial results and our global team. Our engineering and production capabilities are unique and highly valued in the market, and I look forward to working with the talented team at NN to set even higher goals and achieve them with consistency. This is going to be an exciting next phase for NN, and I plan to bring in additional experienced veterans to lead the way with our customers.”

Mr. Erro brings an extensive commercial and operations background with him. Prior to joining NN, he served as VP of Global Sales and New Business Development for Commercial Vehicle Group, Inc., and has had a focused set of sales and operations roles at Aptiv (formerly Delphi Automotive), Leoni Wiring Systems, General Motors, and United Technologies Automotive. A highlight of his engineering tenure includes leading the design and execution of fully functional concept vehicles for major global auto shows, showcasing advanced technology trends and innovations. Mr. Erro also proudly served 12 years in the US Navy reserves. He holds a Bachelor of Science in Mechanical Engineering from Youngstown State University.  

About NN, Inc.

NN, Inc., a global diversified industrial company, combines advanced engineering and production capabilities with in-depth materials science expertise to design and manufacture high-precision components and assemblies for a variety of markets on a global basis. Headquartered in Charlotte, North Carolina, NN has facilities in North America, Europe, South America, and Asia. For more information about the company and its products, please visit www.nninc.com. 

Investor Relations: 
Joe Caminiti or Stephen Poe, Investors 
NNBR@alpha-ir.com  
312-445-2870 

FAQ

Who is the new Chief Commercial Officer of NN Inc (NASDAQ: NNBR)?

Timothy Erro has been appointed as the new Vice President and Chief Commercial Officer of NN Inc, bringing over 30 years of experience in electrical and electronic products.

What is the value of NN Inc's (NNBR) new business pipeline?

NN Inc maintains a robust pipeline exceeding $700 million across all products and targeted growth areas.

How much new business has NN Inc (NNBR) won since 2023?

NN Inc has secured $160 million in new business wins since launching their initiative in 2023, primarily in traditional markets and emerging electrical and medical end markets.

What markets is NN Inc (NNBR) targeting for growth?

NN Inc is specifically targeting accelerated growth in electrical and medical markets, while maintaining its presence in traditional markets.

What was Tim Erro's track record at his previous company?

At Commercial Vehicle Group, Erro led teams that averaged more than $50 million per year in new business wins of electrical products, which was more than three times the historical annual new business wins of NN's Power Solutions division.