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Gentherm Names Mark A. Potesta as Senior Vice President and Chief Technology Officer

November 7, 2018

NORTHVILLE, Mich., Nov. 07, 2018 (GLOBE NEWSWIRE) -- Gentherm (NASDAQ: THRM), the global market leader and developer of innovative thermal management technologies, announced today that Mark A. Potesta will join the Company’s leadership team as Senior Vice President and Chief Technology Officer on November 12, 2018.

In this role, Potesta will lead Gentherm’s technology strategy to deliver unique and innovative thermal solutions across a broad range of applications in both automotive and medical markets. He will also provide functional leadership for the Company’s electronics, Battery Thermal Management (BTM), and advanced engineering teams. Potesta will report to Gentherm’s President and CEO, Phil Eyler.

“I am thrilled that Mark is joining Gentherm as our CTO. He has a proven track record of combining technology, data insight and creativity to deliver innovation to market,” said Eyler. “This, in combination with his ability to execute business unit results, will help Gentherm expand our industry lead in thermal technology and drive growth in our electronics and BTM businesses.”

Potesta comes to Gentherm from Panasonic Automotive Systems where he was the Executive Vice President of Engineering and CTO. At Panasonic he led research and development for some of the most complex electronic systems for automotive including extensive software. He was responsible for the engineering of infotainment systems, audio systems, heads-up displays, and styled switches for global automakers including FCA, Ford, General Motors, Honda and Toyota. Prior to Panasonic, he had an extensive career at Delphi where he held positions of increasing responsibility in Engineering as well as Business Unit leadership for Electrical and Electronic Architectures. As an Executive Engineering Director, Potesta delivered tremendous value through innovation to customers in North America leveraging his unique vehicle integration and electrical architecture capabilities. As a Customer Business Unit Director and as the Managing Director for the Global Electrical Center Product Business Unit, Potesta had full P&L responsibility and grew the businesses with global automakers including Daimler, Ford, General Motors, Tesla and Volkswagen through innovation while expanding margins. Potesta began his career at General Motors where he held progressive engineering positions.

Potesta holds a Master of Science and a Bachelor of Engineering, Electrical Engineering, from Youngstown State University.

Investor Contact Yijing Brentano investors@gentherm.com 248.308.1702

Media Contact Melissa Fischer media@gentherm.com 248.289.9702

About Gentherm Gentherm (NASDAQ:THRM) is a global developer and marketer of innovative thermal management technologies for a broad range of heating and cooling and temperature control applications. Automotive products include variable temperature Climate Control Seats (CCS®), heated automotive interior systems (including heated seats, steering wheels, armrests and other components), battery thermal management systems, cable systems and other electronic devices. Medical products include patient temperature management systems. The Company is also developing a number of new technologies and products that will help enable improvements to existing products and to create new product applications for existing and new markets. Gentherm has over 13,000 employees in facilities in the United States, Germany, Canada, China, Hungary, Japan, Korea, Macedonia, Malta, Mexico, United Kingdom, Ukraine, and Vietnam. For more information, go to www.gentherm.com.

Except for historical information contained herein, statements in this release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent Gentherm Incorporated’s goals, beliefs, plans and expectations about its prospects for the future and other future events. The forward-looking statements included in this release are made as of the date hereof or as of the date specified and are based on management’s current expectations and beliefs. Such statements are subject to a number of important assumptions, risks, uncertainties and other factors that may cause the Company’s actual performance to differ materially from that described in or indicated by the forward-looking statements. Those risks include, but are not limited to, new technology innovations may not be feasible and the relevant markets may not accept our new products. The foregoing risks should be read in conjunction with other cautionary statements included herein, as well as in the Company’s annual report on Form 10-K for the year ended December 31, 2017 and subsequent reports filed with the Securities and Exchange Commission. Except as required by law, the Company expressly disclaims any obligation or undertaking to update any forward-looking statements to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

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