AUBURN HILLS, Mich.,
March 19, 2019 /PRNewswire/ --
BorgWarner announced today the appointment of Kevin A. Nowlan to executive vice president and
chief financial officer (CFO), effective April 1, 2019.
Mr. Nowlan, 47, comes to BorgWarner from Meritor, Inc. While
there, he served as the Senior Vice President and CFO since 2013
and was given the additional responsibility of President of the
Trailer and Components businesses in 2018. Mr. Nowlan's career
history spans a number of executive and financial leadership roles
with Meritor including Controller, Treasurer and Vice President,
Shared Services. Before joining Meritor in 2007, Nowlan worked for
GMAC and the General Motors' Treasurer's Office for 12 years in a
variety of roles. Mr. Nowlan holds a bachelor's degree in
economics, political science and history as well as a Master of
Business Administration from the University of
Michigan.
"I am pleased to welcome Kevin to my executive staff as the new
leader of our strong financial team," said Frederic Lissalde,
president and CEO. "His broad financial and operational experience
gives me confidence he will excel in our culture and continue our
long legacy of financial discipline."
The Company also announced that Thomas
J. McGill will succeed Anthony D.
Hensel as Vice President and Controller, effective
April 1, 2019. In this role Mr.
McGill will serve as the Company's principal accounting officer
with responsibilities for accounting, tax and enterprise risk
management. Mr. Hensel will transition to the role of Vice
President of Special Projects effective the same date.
About BorgWarner
BorgWarner Inc. (NYSE: BWA) is a global product leader in clean
and efficient technology solutions for combustion, hybrid and
electric vehicles. With manufacturing and technical facilities in
68 locations in 19 countries, the company employs approximately
30,000 worldwide. For more information, please visit
borgwarner.com.
Statements in this press release may contain forward-looking
statements as contemplated by the 1995 Private Securities
Litigation Reform Act that are based on management's current
outlook, expectations, estimates and projections. Words such as
"anticipates," "believes," "continues," "could," "designed,"
"effect," "estimates," "evaluates," "expects," "forecasts," "goal,"
"initiative," "intends," "outlook," "plans," "potential,"
"project," "pursue," "seek," "should," "target," "when," "would,"
variations of such words and similar expressions are intended to
identify such forward-looking statements. Forward-looking
statements are subject to risks and uncertainties, many of which
are difficult to predict and generally beyond our control, that
could cause actual results to differ materially from those
expressed, projected or implied in or by the forward-looking
statements. These risks and uncertainties, among others, include:
our dependence on automotive and truck production, both of which
are highly cyclical; our reliance on major OEM customers;
commodities availability and pricing; supply disruptions;
fluctuations in interest rates and foreign currency exchange rates;
availability of credit; our dependence on key management; our
dependence on information systems; the uncertainty of the global
economic environment; the outcome of existing or any future legal
proceedings, including litigation with respect to various claims;
and future changes in laws and regulations, including by way of
example, tariffs, in the countries in which we operate, as well as
other risks noted in reports that we file with the Securities and
Exchange Commission, including the Risk Factors identified in our
most recently filed Annual Report on Form 10-K/A. We do not
undertake any obligation to update or announce publicly any updates
to or revision to any of the forward-looking statements.
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SOURCE BorgWarner