Stoneridge Announces Chief Financial Officer Departure

Rhea-AI Summary

Stoneridge (NYSE: SRI) announced CFO and Treasurer Matt Horvath will resign effective March 31, 2026, to pursue an opportunity in a different industry sector. Horvath will remain through that date to support transition.

The company has started a comprehensive search for a successor; interim transition support will be provided by Chief Accounting Officer Robert Hartman, who has 27 years with Stoneridge.

Positive

• Planned transition with CFO remaining through March 31, 2026
• Internal continuity: Chief Accounting Officer Robert Hartman to oversee transition
• Board launched a comprehensive CFO search immediately

Negative

• Departure of CFO after nine years may create near-term leadership uncertainty
• Recent strategic divestiture execution increases reliance on finance leadership continuity

Key Figures

CAO tenure: 27 years CFO tenure: 9 years

2 metrics

CAO tenure 27 years Cumulative experience of Robert Hartman at Stoneridge

CFO tenure 9 years Matt Horvath’s tenure as CFO and Treasurer

Market Reality Check

Price: $7.59 Vol: Volume 345,820 is elevate...

high vol

$7.59 Last Close

Volume Volume 345,820 is elevated at 2.4x the 20-day average of 143,949 ahead of the CFO transition news. high

Technical Price at $7.59 is trading above the 200-day MA of $6.48, despite the recent -1.5% move.

Peers on Argus

While SRI was down 1.5%, key Auto Parts peers like STRT, HYLN, LAZR, CAAS, and C...

While SRI was down 1.5%, key Auto Parts peers like STRT, HYLN, LAZR, CAAS, and CVGI showed gains between ~2–4%, indicating today’s pressure in SRI is more company-specific around the CFO departure than sector-driven.

Historical Context

3 past events · Latest: Nov 05 (Neutral)

Pattern 3 events

Date	Event	Sentiment	Move	Catalyst
Nov 05	Q3 2025 earnings	Neutral	+2.1%	Reported Q3 loss with updated 2025 guidance and leverage metrics.
Oct 23	Earnings webcast notice	Neutral	+3.1%	Announced webcast details for upcoming Q3 2025 earnings call.
Aug 06	Q2 2025 earnings	Positive	+9.3%	Largest MirrorEye award, strong growth and debt reduction highlighted.

Pattern Detected

Recent earnings and communication events have generally been followed by positive price reactions, indicating the stock has responded constructively to operational and strategic updates.

Recent Company History

Over the past six months, Stoneridge’s key news has centered on earnings and investor communications. Q2 2025 results on Aug 06 highlighted major MirrorEye awards and debt reduction, with shares rising 9.31%. Q3 2025 results on Nov 05 brought updated guidance and a 2.08% gain. A webcast announcement for the Q3 call on Oct 23 saw shares up 3.07%. Against this backdrop, the CFO departure follows a period focused on portfolio changes and financial restructuring.

Market Pulse Summary

This announcement details the planned departure of the CFO and Treasurer effective March 31, 2026, w...

Analysis

This announcement details the planned departure of the CFO and Treasurer effective March 31, 2026, with an experienced CAO stepping in during the transition. It follows a period of portfolio reshaping, including the sale of the Control Devices segment, and credit agreement amendments highlighted in recent filings. Investors may focus on how the new finance leadership supports execution of strategy, capital allocation, and ongoing work to manage leverage and liquidity.

AI-generated analysis. Not financial advice.

NOVI, Mich., Feb. 2, 2026 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI) today announced that Chief Financial Officer and Treasurer, Matt Horvath, has resigned, effective March 31, 2026, 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 Chief Financial Officer. Until a permanent replacement is appointed, Robert Hartman, Chief Accounting Officer, will work closely with Matt over the next two months to ensure a smooth transition. Bob has a cumulative 27 years with Stoneridge, holding various leadership roles within the Company, including in accounting, financial planning and analysis, and internal audit.

"On behalf of Stoneridge, I want to thank Matt for his significant contributions over the past nine years. During his tenure, Matt played a key role in shaping our company's transformation and strategic direction, including advancing our portfolio strategy, helping manage strategic partnerships, and leading the execution of multiple critical divestitures, including the recently announced sale of our Control Devices segment," said Jim Zizelman, President and Chief Executive Officer. "He also helped strengthen the company's financial foundation through disciplined capital allocation and a continued focus on margin improvement and cash generation."

Zizelman added, "Matt built and led a highly capable, disciplined finance organization grounded in deep expertise and operational excellence. The finance team under Bob's strong leadership will ensure continued momentum and position Stoneridge for long-term success."

Stoneridge remains committed to delivering shareholder value and advancing its strategic objectives as a global leader in the transportation industry.

About Stoneridge, Inc.
Stoneridge, Inc., headquartered in Novi, Michigan, is a global supplier of safe and efficient electronic systems and technologies. Our systems and products power vehicle intelligence, while enabling safety and security for on- and off-highway transportation sectors around the world. Additional information about Stoneridge can be found at www.stoneridge.com.

Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the leadership transition and its expected effects on our operations and strategy. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. Important factors are discussed in our filings with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. These statements speak only as of the date of this press release, and the Company undertakes no obligation to update forward-looking statements, except as required by law.

View original content to download multimedia:https://www.prnewswire.com/news-releases/stoneridge-announces-chief-financial-officer-departure-302676838.html

SOURCE Stoneridge, Inc.

FAQ

When will Stoneridge (SRI) CFO Matt Horvath's resignation take effect?

Matt Horvath's resignation takes effect on March 31, 2026. According to the company, Horvath will continue in his role through that date to support a smooth, orderly transition and help onboard interim support.

Who will manage Stoneridge (SRI) finance operations after the CFO departure?

Robert Hartman, Chief Accounting Officer, will lead transition efforts until a permanent CFO is named. According to the company, Hartman will work closely with Horvath over the next two months to ensure continuity.

Has Stoneridge (SRI) begun a search for a new CFO and what is the timeline?

Stoneridge has initiated a comprehensive search for a new Chief Financial Officer. According to the company, the board and executive team have begun the process while Horvath remains through March 31, 2026 to aid transition.

What reasons did Stoneridge (SRI) give for CFO Matt Horvath's resignation?

Horvath resigned to pursue an opportunity in a different industry sector. According to the company, he will remain through March 31, 2026 to support a smooth and orderly transition.

What experience does interim transition lead Robert Hartman bring to Stoneridge (SRI)?

Robert Hartman brings 27 years of tenure at Stoneridge across accounting, FP&A, and internal audit. According to the company, his long service and leadership roles position him to support finance continuity during the CFO search.