Garrett Motion appoints Dave Crompton to its Board of Directors to enhance technology and growth strategies.
Quiver AI Summary
Garrett Motion has appointed Dave Crompton to its Board of Directors, bringing over 40 years of leadership experience in commercial transportation, industrial sectors, and power generation. Crompton, who is the Executive Chair and Co-Founder of Pioneer Clean Fleet Solutions and former President and CEO of Achates Power, has held senior executive positions at Cummins Inc., enhancing his expertise in advanced powertrain technologies. Garrett's Chairman, Daniel Ninivaggi, praised Crompton's capabilities in driving innovation and operational excellence, which will support the company's strategy for growth beyond the automotive sector. Crompton expressed enthusiasm for joining Garrett at a pivotal time, recognizing the company's strong technology leadership and potential for growth in mobility and industrial applications.
Potential Positives
- The appointment of Dave Crompton to the Board of Directors brings significant industry expertise and leadership experience, enhancing Garrett Motion's strategic direction and operational excellence.
- Crompton's background in advanced powertrain technologies and commercial transportation aligns well with Garrett's focus on technology leadership and innovation in mobility and industrial applications.
- The announcement highlights Garrett Motion's commitment to expanding its presence beyond automotive, indicating potential growth opportunities in diverse industries and creating long-term value for shareholders.
Potential Negatives
- Potential over-reliance on forward-looking statements raises concerns about the accuracy of the company's projected growth and strategies, which may lead to investor skepticism.
- The emphasis on expansion beyond automotive sectors might indicate a lack of confidence in the core automotive market, raising questions about the company's stability and focus.
- Appointment of a new board member with a significant history in varied industries may suggest existing gaps in expertise within the current board, potentially signaling internal challenges.
FAQ
Who has been appointed to Garrett Motion's Board of Directors?
Dave Crompton has been appointed to Garrett Motion's Board of Directors.
What experience does Dave Crompton bring to Garrett Motion?
Dave Crompton brings over four decades of leadership experience in commercial transportation and power generation.
What is Garrett Motion's core business focus?
Garrett Motion focuses on turbocharging and electrification technologies for mobility and industrial applications.
How does Garrett Motion contribute to reducing CO2 emissions?
Garrett's turbocharging technology enables significant reductions in engine size, fuel consumption, and CO2 emissions.
Where is Garrett Motion headquartered?
Garrett Motion is headquartered in Plymouth, Michigan, and has operations in more than 20 countries.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$GTX Insider Trading Activity
$GTX insiders have traded $GTX stock on the open market 12 times in the past 6 months. Of those trades, 0 have been purchases and 12 have been sales.
Here’s a breakdown of recent trading of $GTX stock by insiders over the last 6 months:
- OLIVIER RABILLER (President & CEO) has made 0 purchases and 3 sales selling 430,000 shares for an estimated $8,732,479.
- SEAN DEASON (SVP & Chief Financial Officer) sold 110,000 shares for an estimated $3,512,597
- THIERRY MABRU (SVP, Integrated Supply Chain) sold 70,000 shares for an estimated $2,309,811
- DANIEL DEIRO (SVP, CM & GM Japan/Korea) has made 0 purchases and 2 sales selling 33,000 shares for an estimated $669,798.
- MARK ALBERT RODRIGUES (SVP, GM GBEs Turbo Tech) has made 0 purchases and 2 sales selling 16,656 shares for an estimated $560,109.
- DANIEL A NINIVAGGI sold 17,178 shares for an estimated $536,293
- JULIA STEYN has made 0 purchases and 2 sales selling 17,000 shares for an estimated $337,686.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$GTX Hedge Fund Activity
We have seen 204 institutional investors add shares of $GTX stock to their portfolio, and 131 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CYRUS CAPITAL PARTNERS, L.P. removed 4,692,131 shares (-68.5%) from their portfolio in Q1 2026, for an estimated $85,256,020
- VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. added 2,916,983 shares (+inf%) to their portfolio in Q2 2026, for an estimated $105,682,294
- FMR LLC added 1,875,522 shares (+29.4%) to their portfolio in Q1 2026, for an estimated $34,078,234
- SCHRODER INVESTMENT MANAGEMENT GROUP added 1,871,401 shares (+781.1%) to their portfolio in Q1 2026, for an estimated $34,003,356
- EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC removed 1,630,790 shares (-58.7%) from their portfolio in Q1 2026, for an estimated $29,631,454
- MEREWETHER INVESTMENT MANAGEMENT, LP removed 1,607,737 shares (-95.4%) from their portfolio in Q1 2026, for an estimated $29,212,581
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 1,317,855 shares (-25.6%) from their portfolio in Q1 2026, for an estimated $23,945,425
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$GTX Price Targets
Multiple analysts have issued price targets for $GTX recently. We have seen 4 analysts offer price targets for $GTX in the last 6 months, with a median target of $34.5.
Here are some recent targets:
- Hamed Khorsand from BWS Financial set a target price of $42.0 on 07/06/2026
- Nathan Jones from Stifel set a target price of $36.0 on 05/14/2026
- Rajat Gupta from JP Morgan set a target price of $33.0 on 05/14/2026
- Kanagat Yertay from Freedom Broker set a target price of $22.0 on 04/06/2026
Full Release
PLYMOUTH, Mich. and ROLLE, Switzerland, July 27, 2026 (GLOBE NEWSWIRE) -- Garrett Motion (Nasdaq: GTX), a global leader in differentiated turbocharging and electrification technologies for mobility and industrial applications, today announced the appointment of Dave Crompton to its Board of Directors.
Mr. Crompton is Executive Chair and Co-Founder of Pioneer Clean Fleet Solutions and most recently served as President and CEO of Achates Power. He brings more than four decades of leadership experience across commercial transportation, industrial, energy, and power generation applications, including 28 years at Cummins Inc., where he held several senior executive positions, including President of the Cummins Engine Business and President of Cummins Power Systems.
“Dave is a highly respected industry leader with deep expertise in advanced powertrain technologies, industrial sector, and global operations,” said Daniel Ninivaggi, Chairman of the Board of Garrett. “His extensive experience driving innovation, operational excellence, and profitable growth across diverse industries will be a tremendous asset to Garrett as we continue to execute our strategy, expand our presence beyond automotive, and create long-term value for shareholders.”
“I am honored to join Garrett’s Board at such an exciting time for the company,” said Dave Crompton. “Garrett has a strong track record of technology leadership and is well positioned to capitalize on growth opportunities across both mobility and industrial applications. I look forward to working with the Board and management team to support the company’s continued success.”
About Garrett Motion Inc.
A differentiated technology leader, Garrett Motion has a 70-year history of innovation in the automotive sector (cars, trucks) and beyond (off-highway equipment, marine, power generators). Its well-recognized expertise in turbocharging has enabled significant reductions in engine size, fuel consumption, and CO2 emissions. Garrett is committed to advancing turbo applications while leveraging its unique technology solutions, such as fuel cell compressors for hydrogen fuel cell vehicles, as well as electric propulsion and thermal management systems for automotive and industrial applications. Garrett has six R&D centers, 13 manufacturing facilities and a team of more than 8,700 employees in more than 20 countries. For more information, visit
garrettmotion.com
.
Forward-Looking Statements
This communication and related comments by management may include “forward-looking statements” within the meaning of the U.S. federal securities laws. Forward-looking statements are any statements other than statements of historical fact and can be identified by words such as “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will,” and similar expressions. Forward-looking statements represent our current judgment about possible future activities, events, or developments that we intend, expect, project, believe, or anticipate will or may occur in the future. In making these statement, we rely upon assumptions and analysis based on our experience and perception of historical trends, current conditions, and expected future developments, as well as other factors we consider appropriate under the circumstances. We believe these judgments are reasonable, but these statements are not guarantees of any future performance, events, or results, and actual performance, events, or results may differ materially from those envisaged by our forward-looking statements due to a variety of important factors, many of which are described in our most recent Annual Report on Form 10-K and our other filings with the U.S. Securities and Exchange Commission, including risks related to the automotive industry, the competitive landscape and our ability to compete, and macroeconomic and geopolitical conditions, among others. You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made, and we undertake no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information, future events, or other factors that affect the subject of these statement, except where we are expressly required to do so by law.
Contacts:
Investor Relations:
Cyril Grandjean
[email protected]
Media:
Fabrice Spenninck
[email protected]