InterMotive Vehicle Controls owners Greg and Linda Schafer spent the past 28 years running the electronic control system supplier. Both will step back from their day-to-day roles at the end of the month.
The owners will leave their positions as company president and CEO effective Jan. 1. Senior Vice President Carl Wacker will become InterMotive’s president. Greg Schafer will move from the company president to the CEO position. Greg and Linda Schafer will remain company board members.
Greg Schafer said, “We started the company in our garage. I am so proud of how it has evolved. Both Linda and I have full confidence in Carl and believe he is the right person to lead InterMotive into the future.”
Wacker has been with InterMotive one year but had a long career in the automotive industry. The company said Wacker’s vision for the future aligns with the company’s values and goals. In addition, Greg Schafer will provide support and guidance during the leadership transition.
Wacker said, “I am deeply honored to take the wheel as president of InterMotive. Building on the strong foundation laid by Greg and Linda, we will continue to innovate, grow and deliver exceptional value to our customers.”
Beginning in 2025, the Schafers will devote attention to the Lighthouse Living Foundation, their family foundation and housing project geared toward people with intellectual disabilities.
Linda Schafer said, “Our goal is to build a 40-unit apartment community for adults with developmental disabilities in Reno, Nevada. There is a great need for communities like this across the country, and currently there is nothing like it in the greater Reno area.”
