Morningstar - Gentex Corporation (GNTX) Gentex CEO and Founder Retires; Company Rightly Promotes Downing to Replace Him

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Morningstar

David Whiston, CFA, CPA, CFE

EUR 101.80 For Business Accounts Only

Gentex CEO and Founder Retires; Company Rightly Promotes Downing to Replace Him

We are not changing our moat rating or fair value estimate for Gentex after the auto-dimming mirror maker announced the retirement of CEO, chairman, and founder Fred Bauer. Bauer is in his mid-70s and probably ready to move on with his life after a long career at Gentex, which he founded in 1974 and took public in 1981. The company says there are no disagreements between Bauer and the board. Lead independent director James Wallace will become chairman, while president, interim CFO, and treasurer...

05/01/2018 14 EN

Underlying

Gentex Corporation

Gentex designs and manufactures automatic-dimming rearview mirrors and electronics for the automotive industry, dimmable aircraft windows for the aviation industry, and commercial smoke alarms and signaling devices for the fire protection industry. The company's key business involves designing, developing, manufacturing and marketing interior and exterior automatic-dimming automotive rearview mirrors that use electrochromic technology to dim in proportion to the amount of headlight glare from trailing vehicle headlamps. The company also designs, develops and manufactures various electronics features to the interior and exterior automotive rearview mirrors as well as interior visors and overhead consoles.

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US3719011096 NASDAQ Stock Market United States

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

David Whiston, CFA, CPA, CFE

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Gentex CEO and Founder Retires; Company Rightly Promotes Downing to Replace Him

Gentex Reports Second Quarter 2025 Financial Results

Gentex Corporation Announces New Share Repurchase Authorization

Gentex Schedules Second Quarter 2025 Earnings Release Date and Conference Call

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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