Stoneridge CFO Matt Horvath Resigns
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6d ago
0mins
Should l Buy SRI?
Stoneridge CFO and Treasurer, Matt Horvath has resigned, effective March 31, 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 CFO. Until a permanent replacement is appointed, Robert Hartman, Chief Accounting Officer, will work closely with him over the next two months to ensure a smooth transition. Robert has a cumulative 27 years with Stoneridge, holding various leadership roles within the company, including in accounting, financial planning and analysis, and internal audit.
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Analyst Views on SRI
Wall Street analysts forecast SRI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SRI is 14.50 USD with a low forecast of 14.50 USD and a high forecast of 14.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 8.040
Low
14.50
Averages
14.50
High
14.50
Current: 8.040
Low
14.50
Averages
14.50
High
14.50
About SRI
Stoneridge, Inc. is a global designer and manufacturer of engineered electrical and electronic systems, components and modules for the automotive, commercial, off-highway and agricultural vehicle markets. The Company operates through three segments: Control Devices, Electronics and Stoneridge Brazil. Its Control Devices segment designs and manufactures products that monitor, measure or activate specific functions within a vehicle. Its Electronics segment designs and manufactures driver information systems, vision systems, connectivity and compliance solutions and control modules. Its Stoneridge Brazil segment primarily serves the South American market and specializes in the design, manufacture and sale of vehicle tracking devices and monitoring services, driver information systems, vehicle security alarms and convenience accessories, telematics solutions and multimedia devices primarily for the automotive and commercial vehicle markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Stoneridge CFO Resigns, Transition Plan in Place
- Executive Change: Stoneridge's CFO and Treasurer, Matt Horvath, will resign effective March 31, 2026, to pursue opportunities in another industry, which may have a short-term impact on the company's financial strategy.
- Transition Plan: During the search for a new CFO, Chief Accounting Officer Robert Hartman will work alongside Horvath for two months to ensure a smooth transition in financial management, leveraging his 27 years of experience within the company.
- Business Adjustment: Stoneridge recently sold its Control Devices segment for $59 million, which is expected to positively impact the company's financial position, although some near-term challenges may arise.
- Revenue Guidance Update: The company updated its 2025 revenue guidance to a range of $860 million to $870 million, reflecting that growth from MirrorEye will offset headwinds in the commercial vehicle sector.
See More
Stoneridge CFO Resigns, Transition Plan in Place
- Executive Change: Stoneridge's CFO and Treasurer, Matt Horvath, has announced his resignation effective March 31, 2026, to pursue opportunities in a different sector, which may have short-term implications for the company's financial strategy.
- Transition Plan: Following Horvath's departure, Chief Accounting Officer Robert Hartman will oversee the transition to ensure financial stability during the search for a new CFO; Hartman brings 27 years of experience within the company, aiding in maintaining operational continuity.
- Leadership Acknowledgment: CEO Jim Zizelman expressed gratitude for Horvath's contributions over the past nine years, highlighting his pivotal role in the company's transformation and strategic direction, particularly in portfolio strategy and managing strategic partnerships.
- Long-term Commitment: Stoneridge reaffirms its commitment to delivering shareholder value and advancing its strategic objectives in the global transportation industry, indicating that despite the executive change, the company remains focused on financial health and sustained growth.
See More
Stoneridge CFO Resigns, Transition Plan in Place
- Executive Change: Stoneridge's CFO and Treasurer, Matt Horvath, has announced his resignation effective March 31, 2026, indicating a significant shift in the executive team that may impact investor confidence.
- Transition Plan: Following Horvath's departure, Chief Accounting Officer Robert Hartman will oversee the transition, ensuring stability and continuity within the finance team, leveraging his 27 years of experience at Stoneridge to maintain operational smoothness.
- Strategic Implications: During his tenure, Horvath played a crucial role in shaping the company's transformation and strategic direction, including advancing portfolio strategies and managing strategic partnerships, and his departure could affect future strategic execution.
- Commitment to Shareholder Value: The company remains committed to enhancing shareholder value and advancing its strategic objectives, although the executive transition may introduce short-term uncertainties, the management's commitment to the future remains strong.
See More
Stoneridge Completes Sale of Control Devices Segment for $59 Million
- Transaction Completion: Stoneridge successfully completed the sale of its Control Devices segment to an affiliate of Center Rock Capital Partners on January 30, 2026, for a base price of $59 million, marking a significant step in the company's strategic restructuring.
- Use of Proceeds: Following the sale, Stoneridge plans to use the net proceeds, after taxes and transaction-related expenses, to repay debt, thereby strengthening its balance sheet and improving its financial health.
- Business Focus Shift: Post-transaction, Stoneridge will concentrate on its remaining electronics business and operations in Brazil, indicating a strategic pivot towards areas with greater growth potential to navigate market challenges.
- Credit Facility Amendment: The company expects to amend its existing credit facility in connection with filing its full year 2025 results, a move that will help optimize its capital structure and support future business development.
See More
Stoneridge Completes $59 Million Sale of Control Devices Segment
- Transaction Closure: Stoneridge completed the sale of its Control Devices segment on January 30, 2026, for a base purchase price of $59 million, which will provide net cash proceeds to repay debt and strengthen its financial position.
- Strategic Focus: This sale allows Stoneridge to concentrate resources on its core growth platforms, particularly in Electronics and Brazil, which is expected to drive future growth opportunities and enhance shareholder returns.
- Technology Investment: Stoneridge plans to continue investing in its remaining product portfolio, focusing on technology solutions for global commercial vehicles and off-highway markets, particularly in areas like Vision and Safety, Connectivity, and Vehicle Intelligence, anticipating significant market expansion.
- Future Outlook: The company expects to amend its existing credit facility by the time it files its 2025 financial results, ensuring an appropriate capital structure post-transaction to support ongoing global growth and technological innovation.
See More
Stoneridge Completes $59 Million Sale of Control Devices Segment
- Transaction Closure: Stoneridge completed the sale of its Control Devices segment on January 30, 2026, for a base purchase price of $59 million, which will provide net cash proceeds to repay debt and strengthen its balance sheet.
- Strategic Focus: The sale allows Stoneridge to concentrate on its core growth platforms, particularly in Electronics and Brazil, which is expected to drive future growth opportunities and enhance shareholder returns.
- Technology Solutions: Stoneridge will continue to focus on technology solutions for the global commercial vehicle and off-highway markets, specifically in three primary product categories: Vision and Safety, Connectivity, and Vehicle Intelligence and Electronic Controls, each with significant growth potential.
- Brazil Market Expansion: Stoneridge's OEM business in Brazil will continue to grow by leveraging global relationships and industry-leading technologies, driving global growth and investing in a more cost-effective structure to support future capability enhancements.
See More
Stoneridge CFO Resigns, Transition Plan in Place
- Executive Change: Stoneridge's CFO and Treasurer, Matt Horvath, will resign effective March 31, 2026, to pursue opportunities in another industry, which may have a short-term impact on the company's financial strategy.
- Transition Plan: During the search for a new CFO, Chief Accounting Officer Robert Hartman will work alongside Horvath for two months to ensure a smooth transition in financial management, leveraging his 27 years of experience within the company.
- Business Adjustment: Stoneridge recently sold its Control Devices segment for $59 million, which is expected to positively impact the company's financial position, although some near-term challenges may arise.
- Revenue Guidance Update: The company updated its 2025 revenue guidance to a range of $860 million to $870 million, reflecting that growth from MirrorEye will offset headwinds in the commercial vehicle sector.
See More
Stoneridge CFO Resigns, Transition Plan in Place
- Executive Change: Stoneridge's CFO and Treasurer, Matt Horvath, has announced his resignation effective March 31, 2026, to pursue opportunities in a different sector, which may have short-term implications for the company's financial strategy.
- Transition Plan: Following Horvath's departure, Chief Accounting Officer Robert Hartman will oversee the transition to ensure financial stability during the search for a new CFO; Hartman brings 27 years of experience within the company, aiding in maintaining operational continuity.
- Leadership Acknowledgment: CEO Jim Zizelman expressed gratitude for Horvath's contributions over the past nine years, highlighting his pivotal role in the company's transformation and strategic direction, particularly in portfolio strategy and managing strategic partnerships.
- Long-term Commitment: Stoneridge reaffirms its commitment to delivering shareholder value and advancing its strategic objectives in the global transportation industry, indicating that despite the executive change, the company remains focused on financial health and sustained growth.
See More
Stoneridge CFO Resigns, Transition Plan in Place
- Executive Change: Stoneridge's CFO and Treasurer, Matt Horvath, has announced his resignation effective March 31, 2026, indicating a significant shift in the executive team that may impact investor confidence.
- Transition Plan: Following Horvath's departure, Chief Accounting Officer Robert Hartman will oversee the transition, ensuring stability and continuity within the finance team, leveraging his 27 years of experience at Stoneridge to maintain operational smoothness.
- Strategic Implications: During his tenure, Horvath played a crucial role in shaping the company's transformation and strategic direction, including advancing portfolio strategies and managing strategic partnerships, and his departure could affect future strategic execution.
- Commitment to Shareholder Value: The company remains committed to enhancing shareholder value and advancing its strategic objectives, although the executive transition may introduce short-term uncertainties, the management's commitment to the future remains strong.
See More
Stoneridge Completes Sale of Control Devices Segment for $59 Million
- Transaction Completion: Stoneridge successfully completed the sale of its Control Devices segment to an affiliate of Center Rock Capital Partners on January 30, 2026, for a base price of $59 million, marking a significant step in the company's strategic restructuring.
- Use of Proceeds: Following the sale, Stoneridge plans to use the net proceeds, after taxes and transaction-related expenses, to repay debt, thereby strengthening its balance sheet and improving its financial health.
- Business Focus Shift: Post-transaction, Stoneridge will concentrate on its remaining electronics business and operations in Brazil, indicating a strategic pivot towards areas with greater growth potential to navigate market challenges.
- Credit Facility Amendment: The company expects to amend its existing credit facility in connection with filing its full year 2025 results, a move that will help optimize its capital structure and support future business development.
See More
Stoneridge Completes $59 Million Sale of Control Devices Segment
- Transaction Closure: Stoneridge completed the sale of its Control Devices segment on January 30, 2026, for a base purchase price of $59 million, which will provide net cash proceeds to repay debt and strengthen its financial position.
- Strategic Focus: This sale allows Stoneridge to concentrate resources on its core growth platforms, particularly in Electronics and Brazil, which is expected to drive future growth opportunities and enhance shareholder returns.
- Technology Investment: Stoneridge plans to continue investing in its remaining product portfolio, focusing on technology solutions for global commercial vehicles and off-highway markets, particularly in areas like Vision and Safety, Connectivity, and Vehicle Intelligence, anticipating significant market expansion.
- Future Outlook: The company expects to amend its existing credit facility by the time it files its 2025 financial results, ensuring an appropriate capital structure post-transaction to support ongoing global growth and technological innovation.
See More
Stoneridge Completes $59 Million Sale of Control Devices Segment
- Transaction Closure: Stoneridge completed the sale of its Control Devices segment on January 30, 2026, for a base purchase price of $59 million, which will provide net cash proceeds to repay debt and strengthen its balance sheet.
- Strategic Focus: The sale allows Stoneridge to concentrate on its core growth platforms, particularly in Electronics and Brazil, which is expected to drive future growth opportunities and enhance shareholder returns.
- Technology Solutions: Stoneridge will continue to focus on technology solutions for the global commercial vehicle and off-highway markets, specifically in three primary product categories: Vision and Safety, Connectivity, and Vehicle Intelligence and Electronic Controls, each with significant growth potential.
- Brazil Market Expansion: Stoneridge's OEM business in Brazil will continue to grow by leveraging global relationships and industry-leading technologies, driving global growth and investing in a more cost-effective structure to support future capability enhancements.
See More
