UGN, Inc.

Peter has full control of the day-to-day operations and future strategy of UGN. He oversees 2,300 team members at six locations in the United States and one in Mexico. As president and CEO, Peter has full profit and loss accountability, and is also responsible for overall company strategy, research and development, business development, marketing, human resources, purchasing and IT. He manages annual CAPEX in excess of $46 million, and is charged with obtaining financing from lending institutions. Peter reports to, but operates independently of, the Joint Venture Board of Directors. Peter has piloted UGN through a period of tremendous growth, and navigated the company through significant current economic challenges to firmly establish UGN’s continued financial health and success. He has grown UGN into a $435 million manufacturer of acoustic, interior trim, and thermal management products for Japanese carmakers North American operations. Growth Initiatives: • Grew sales from $179 million to $435 million by penetrating existing markets, attracting new customers, and initiating new product development. • Increased shareholder equity by 199% • Return on Assets of 12.5% • Reconfigured manufacturing strategy to enhance profitability and lower cost utilizing Toyota Production System (TPS) principles • Aggressively applied TPS systems throughout UGN to create a culture of continuous improvement and standardization, resulting in material, labor, productivity, and overhead savings • Implemented a strong cost discipline culture, focusing on accountability and ownership of budget and capital expenditures