Van Buren Township, Mich., USA - March 17, 2015, Van Buren Township, Mich., USA - Visteon Corporation announced president and CEO Timothy D. Leuliette's intention to transition out of the company by the end of 2015, upon the appointment of his successor.
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Mr. Leuliette has been a director of Visteon since October 1, 2010. He was appointed interim chairman, CEO and president on Aug. 10, 2012, and has served as president and CEO since Sept. 30, 2012.
Mr. Leuliette has a strong background in the automotive industry and extensive experience and relationships in Asia. He has served as CEO or chief operating officer of major international auto suppliers. Until October 14, 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. He also served as a managing director of Patriarch Partners, LLC, the majority shareholder of DURA.
Prior to DURA, he served as 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 from January 2001 to January 2008.
He previously served as 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 has received numerous industry accolades, including the 2013 Detroit Free Press Automotive Leadership Award in the supplier category for leading Visteon’s transformation to a top-performing company.
In addition to serving in a variety of executive and management positions during his career, Leuliette has been a member of various other corporate and civic boards. In February 2014, he was appointed to the honorary committee for the 21st World Congress on Intelligent Transportation Systems, chaired by Michigan Gov. Rick Snyder. ■