Sensata Technologies Holding plc announced that Jeff Cote, Chief Executive Officer and President of Sensata Technologies, has informed the Board of Directors of his intention to retire as CEO and President and step down as a member of the Sensata Board, effective April 30, 2024. The Board of Directors has appointed Martha Sullivan as Interim President and CEO and has established a CEO Search Committee to identify a new permanent CEO. In addition, following a constructive dialogue with Elliott Investment Management L.P. (together with its affiliates, ?Elliott?), Sensata has appointed Phillip Eyler to the Company?s Board.

Mr. Eyler will serve on the CEO Search Committee and the Nominating and Governance Committee when he joins the Board on July 1, 2024. With the appointment of Eyler, Sensata?s Board will consist of eleven directors, ten of whom are independent. Martha Sullivan has served as a director on Sensata?s Board since February 2013.

Ms. Sullivan previously served as Sensata?s Chief Executive Officer and President from 2013 to 2020. Prior to being named CEO, Sullivan held various senior management positions at Sensata and its predecessor company, including Chief Operating Officer and President. Sullivan currently serves on the Board of Directors at Avery Dennison Corporation.

She is active in initiatives and organizations that focus on STEM education for young women and is currently co-chair of the Board of Trustees of Our Sisters? School (OSS), an independent, tuition-free school for economically disadvantaged middle school girls in New Bedford, Massachusetts. Sullivan has served as a member of the President?s Advancement Council and President?s Alumni Council at Michigan Technological University.

She was inducted into the Academy of Mechanical Engineering at Michigan Tech and holds an Honorary Doctorate in Philosophy from that institution. Phillip Eyler brings more than 30 years of engineering, operations, and business expertise, primarily in the automotive industry to Sensata?s Board of Directors. Since 2017, he has served as President and Chief Executive Officer of Gentherm Inc., the global market leader of innovative thermal management and pneumatic comfort technologies for the automotive industry and a leader in medical patient temperature management systems. Prior to joining Gentherm, Eyler had an extensive career with Harman International Industries Inc., the market leader in connected car solutions which was ultimately acquired by Samsung Electronics in 2017.

At Harman, Eyler served in a variety of roles of increasing responsibility and scope during his 20-year tenure with the company, culminating in his appointment as President of the Connected Car division, where he oversaw a $3B portfolio of assets and led more than 8,000 employees. He began his career at Siemens Corporation. He holds a bachelor?s degree in mechanical engineering from Purdue University and a Master of Business Administration degree from the Fuqua School of Business, Duke University.