The Board of Directors of Adient plc (NYSE: ADNT), a global leader in automotive seating, today announced it has appointed Douglas G. DelGrosso president and chief executive officer (CEO) of the company, effective October 1, 2018. He will also join Adient’s Board of Directors at that time.
Also effective October 1, 2018, Fritz Henderson will become non-executive chairman of the company’s Board of Directors.
As an automotive industry veteran, DelGrosso brings significant leadership and operational expertise to Adient. DelGrosso currently serves as president and CEO at automotive supplier Chassix. From 2012 to 2015, he served as president and CEO at Henniges Automotive. Prior to that, DelGrosso spent five years at TRW Automotive, where he last served as vice president and general manager for the company’s global braking and suspension operations. Prior to joining TRW Automotive, DelGrosso spent more than 20 years at Lear Corporation in a variety of operational roles, the last being president and chief operating officer.
“After conducting an extensive search that resulted in an impressive slate of candidates, the Board is pleased to appoint Douglas DelGrosso as Adient’s president and CEO. He brings the right vision, leadership experience and operational expertise needed to drive Adient’s transformation forward,” said John Barth, interim chairman of the board. “In addition, we acknowledge the positive contributions made by Fritz Henderson, who has served as interim CEO since June, which helped stabilize the business and accelerate operational improvements.”
“I am honored to join Adient and accept the board’s appointment,” DelGrosso said. “This is a tremendous opportunity given the company’s leading market position, diverse product offerings and energized employees. I look forward to working closely with the team as we execute our transformation plan, driving improved profitability, cash flow and returns for our shareholders.”
About Adient:
Adient is a global leader in automotive seating. With 85,000 employees operating 238 manufacturing/assembly plants in 34 countries worldwide, we produce and deliver automotive seating for all vehicle classes and all major OEMs. From complete seating systems to individual components, our expertise spans every step of the automotive seat making process. Our integrated, in-house skills allow us to take our products from research and design all the way to engineering and manufacturing – and into more than 25 million vehicles every year. For more information on Adient, please visit adient.com.
ADNT-FN
SOURCE: ADIENT
