Visteon Appoints Asaf Farashuddin as Vice President, Corporate Strategy
20 April 2006 - 1:00AM
PR Newswire (US)
VAN BUREN TOWNSHIP, Mich., April 19 /PRNewswire/ -- Visteon
Corporation (NYSE:VC), a leading supplier of automotive systems and
technology, has appointed Asaf Farashuddin as vice president,
corporate strategy, effective April 18. (Logo:
http://www.newscom.com/cgi-bin/prnh/20001201/DEF008LOGO )
Farashuddin will report to Chairman and Chief Executive Officer
Mike Johnston and, as a member of Visteon's global leadership team,
will be responsible for shaping corporate strategy and promoting
the company's long- term growth. "Asaf's 15 years of experience in
the high-tech and manufacturing sectors, as well as in management
consulting, make him a valuable addition to our leadership team,"
said Johnston. "His background in corporate strategy, market
forecasting, financial analysis and mergers and acquisitions will
help drive Visteon to achieve the objectives of our three-year plan
and beyond." Farashuddin was most recently executive director and
global leader of corporate strategy for Cummins Inc., an automotive
and industrial supplier in Columbus, Ind. Prior to Cummins, he held
a number of corporate strategy positions at Lucent Technologies,
including director of strategy and business development for Lucent
Worldwide Services, in Whippany, N.J.; director of corporate
strategy for Lucent Inc., in Murray Hill, NJ; and senior manager of
mergers and acquisitions for Lucent Asia Pacific in Hong Kong and
China. Before joining Lucent he was a consultant with The Boston
Consulting Group. He has also worked for Charles River Associates
and Pacific Bell. Farashuddin holds a bachelor's degree in
economics and government and legal studies from Bowdoin College, in
Brunswick, Maine, and a master's degree in business administration
from Stanford University, in California. He also received a
business fellowship from the University of Chicago. Visteon
Corporation is a leading global automotive supplier that designs,
engineers and manufactures innovative climate, interior, electronic
and lighting products for vehicle manufacturers, and also provides
a range of products and services to aftermarket customers. With
corporate offices in Van Buren Township, Mich. (U.S.); Shanghai,
China; and Kerpen, Germany; the company has more than 170
facilities in 24 countries and employs approximately 50,000 people.
http://www.newscom.com/cgi-bin/prnh/20001201/DEF008LOGO DATASOURCE:
Visteon Corporation CONTACT: Jim Fisher, +1-734-710-5557, , or
Derek Fiebig, +1-743-710-5800, , both of Visteon Corporation Web
site: http://www.visteon.com/
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