By Dean Seal
The chief executive of BorgWarner plans to retire early next year and be succeeded by the company's chief operating officer.
The Auburn Hills, Mich., auto-parts supplier said Thursday that Frédéric Lissalde intends to retire on Feb. 6 from his roles as president and CEO. He will also step down from the board and serve as an adviser to the company until Aug. 30.
Chief Operating Officer Joseph Fadool has been tapped to replace Lissalde as CEO, president and board member.
Fadool previously served as president of four BorgWarner business units and has 14 years of experience on the company's leadership team.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
November 07, 2024 08:19 ET (13:19 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。