Van Buren Township, Mich., USA — Visteon Corporation, a global automotive supplier, announced that it has named Timothy D. Leuliette chief executive officer and president, effective immediately.[break]
Mr. Leuliette, a Visteon director since 2010, has served as interim CEO, president and chairman of the board since August 10, when Don Stebbins stepped down from those positions.
Mr. Leuliette has deep roots in the automotive industry. Until 2010, he served as president and chief executive officer of automotive supplier DURA Automotive, leading that company to a successful recapitalization and sale after its emergence from restructuring.
Prior to DURA, he was co - October 1, 2012, Van Buren Township, Mich., USA — Visteon Corporation, a global automotive supplier, announced that it has named Timothy D. Leuliette chief executive officer and president, effective immediately.
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Mr. Leuliette, a Visteon director since 2010, has served as interim CEO, president and chairman of the board since August 10, when Don Stebbins stepped down from those positions.
Mr. Leuliette has deep roots in the automotive industry. Until 2010, he served as president and chief executive officer of automotive supplier DURA Automotive, leading that company to a successful recapitalization and sale after its emergence from restructuring.
Prior to DURA, he was co-chairman and co-CEO of Asahi Tec Corp., a Japanese publicly traded manufacturer of automotive parts, after the company acquired Metaldyne Corp., a company he co-founded and where he served as chairman, CEO and president. Prior to that, Mr. Leuliette was president and chief operating officer of Penske Corp., and he is a past chairman of the board of the Detroit Branch of The Federal Reserve Bank of Chicago.
Mr. Leuliette holds an MBA with distinction as well as a degree in mechanical engineering with distinction from the University of Michigan. As a member of Visteon’s board before his appointment as interim CEO and chairman, he chaired the organization and compensation committee and served as a member of the audit committee and the finance and corporate strategy committee.
Also effective immediately, the board has separated the roles of chairman and CEO (which had previously been consolidated) and has named Francis M. Scricco, who joined the Visteon board on August 10 of this year, as non-executive chairman of the board.
Mr. Scricco, an experienced global executive with 26 years as a senior P&L manager in six different industries and currently sits on the boards of Tembec, Inc.; Sleep Innovations, Inc.; Masonite, Inc. and Wastequip, LLC. ■