LONDON, Jan. 7, 2019 /PRNewswire/ -- Delphi
Technologies PLC (NYSE: DLPH), a global technology leader in
vehicle propulsion systems, has appointed Richard F. (Rick) Dauch, 57, as the company's
new chief executive officer, effective January 7, 2019. Dauch will also join the
company's board of directors. He succeeds Hari N. Nair who has been serving as interim CEO
since October 5, 2018.
"We are pleased to announce Rick
Dauch's appointment as CEO. He is a strong executive with
more than 25 years of industry experience including 10 years
serving in CEO roles with private and publicly traded companies,"
said Timothy M. Manganello,
non-executive chairman of the company's board of directors. "Rick's
deep industry expertise, leadership qualities and track record of
driving operational excellence and profitable growth make him an
outstanding choice to lead Delphi Technologies during a time of
dynamic industry change. The board would also like to thank our
fellow board member Hari Nair for
his leadership as interim CEO while we conducted the search for a
permanent CEO."
Dauch is a proven executive in the automotive and commercial
vehicle industries with extensive operational, commercial and
P&L experience. Since February
2011, he has been serving as the president and chief
executive officer of Accuride Corporation, a leading supplier of
wheel end systems to the global commercial vehicle industry.
Previously, he was president and chief executive officer of
Acument Global Technologies, the preeminent global fastening
solutions provider to the aerospace, automotive, heavy-duty truck,
industrial, and non-automotive transportation markets. He joined
Acument following a 13-year career with American Axle and
Manufacturing, where he last served as executive vice president of
worldwide manufacturing for the global automotive supplier of
driveline, drivetrain and chassis systems.
"This is an exciting time to be a part of and lead the Delphi
Technologies team as we continue to supply our global customer base
with an industry-leading portfolio of internal combustion engine,
hybrid and electric propulsion solutions. I look forward to our
global team creating even greater long-term value for our customers
and shareholders as we complete our full transition to a
stand-alone company and continue to advance our technology
leadership position," said Rick
Dauch. "With the support of our experienced board of
directors and working with our leadership team, we will continue to
drive execution on consistent strategies for long-term profitable
growth."
Dauch began his career with United Technologies. He previously
served as an officer in the U.S. Army for seven years after earning
a bachelor's degree from the United States
Military Academy at West Point, where he was a four-year
football letterman. He holds master's degrees in management and
engineering from the Massachusetts Institute
of Technology, where he was a fellow in the Leaders for
Manufacturing program.
For Additional Information
A description of the
company's employment agreement with Mr. Dauch, including the
material terms of the inducement and incentive awards made to Mr.
Dauch, can be found in the Current Report on Form 8-K filed today
with the U.S. Securities and Exchange Commission.
About Delphi Technologies
Delphi Technologies is a
technology company focused on providing electric vehicle and
internal combustion engine propulsion solutions, in addition to
solving emissions and fuel economy challenges for the world's
leading automotive OEMs. Delphi also provides leading aftermarket
service solutions for the replacement market. With Headquarters in
London, U.K., Delphi Technologies
operates technical centers, manufacturing sites and customer
support services in 24 countries. For more information about
Delphi Technologies, please visit www.delphi.com
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SOURCE Delphi Technologies PLC