Tenneco Inc. (NYSE: TEN) today announced that Kenneth R. Trammell has been appointed to the role of interim Chief Financial Officer, effective April 1, 2020. Mr. Trammell’s appointment follows Jason Hollar’s decision to leave the role of Executive Vice President and Chief Financial Officer in order to accept an equivalent role at a Fortune 100 company.
Tenneco is conducting a search to identify a permanent replacement for the position of Chief Financial Officer with the assistance of a nationally recognized executive search firm.
“We are pleased to welcome Ken back to the Tenneco team and are confident that his past experience and relationships will ensure a seamless transition,” said Brian Kesseler, Tenneco CEO. “With his significant financial experience and deep strategic planning expertise, we are confident Ken will successfully guide our finance team as we continue to execute our Accelerate program and deliver on our targets. As Tenneco’s previous CFO for many years, Ken was instrumental in navigating the company through key points in its history, including through transformational change and a variety of challenging market conditions. He knows our company, the automotive industry and the investment community well and we expect that he will hit the ground running while we work to identify the right leader of our financial function for the future.”
Mr. Kesseler added, “On behalf of the Board and management team, I want to thank Jason for his contributions to Tenneco including his work to help lead the Federal-Mogul acquisition and integration. We wish him success in his new position.”
“I am excited to rejoin Tenneco at this important point in the Company’s history and help ensure a smooth transition to the next leader of its finance team,” said Mr. Trammell. “I spent a large portion of my career with Tenneco, and have always believed in the potential of this company. I look forward to working with the entire management team to help Tenneco continue to execute and achieve its strategic objectives.”
“It has been a privilege to work with the talented team at Tenneco,” said Mr. Hollar. “Tenneco has two leading divisions in DRiV and New Tenneco that are well-positioned to capitalize on industry trends, and I am confident in this team’s ability to continue to successfully execute the Company’s strategy to capture the significant opportunities ahead.”
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SOURCE: Tenneco
