Visteon Appoints Jeffrey M. Stafeil as Executive Vice President and
Chief Financial Officer
VAN BUREN TOWNSHIP, Mich.,
Oct. 31, 2012 /PRNewswire/
-- Visteon Corporation (NYSE: VC) today announced that
Jeffrey M. Stafeil is joining the
global automotive supplier and will serve as executive vice
president and chief financial officer. Stafeil, who will become CFO
on Nov. 2, joins Visteon from DURA
Automotive Systems, where he had been chief executive officer since
October 2010, after serving as
executive vice president and CFO since 2008.
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Stafeil, 42, has extensive operational leadership and financial
management experience, primarily with automotive suppliers, private
equity firms and business consultants. He will lead all of the
financial activities of Visteon, including treasury, tax, audit and
investor relations. He also will oversee mergers, acquisitions and
divestitures; global business services; information technology; and
communications.
Michael J. Widgren, who has
served as Visteon's interim CFO since Oct.
3, continues with the company as vice president, corporate
controller and chief accounting officer, reporting to Stafeil.
"We are extremely pleased to have an experienced leader of
Jeff's caliber joining Visteon to lead our global financial
activities," said Visteon President and CEO Timothy D. Leuliette, who also thanked Widgren
for his interim CFO leadership. "Having worked with Jeff in the
past, I know he brings tremendous financial knowledge and strategic
industry insight, a global perspective and strong leadership skills
that will serve the company well as we implement our value-creating
action plan."
Prior to joining DURA, Stafeil was CFO and a member of the board
at the Klockner Pentaplast Group, a leading industrial company
based in Germany. From 2009-2012,
he served on the board of directors and was audit committee
chairman of J.L. French Automotive Castings Inc. From 2006-2009, he
served on the board of directors and was co-chairman of the audit
committee for Meridian Automotive Systems. From 2001-2007, he was
executive vice president and CFO at automotive supplier Metaldyne
Corp. He has also served in management positions at Booz Allen and
Hamilton, Peterson Consulting and
Ernst and Young.
Stafeil has an MBA from the Fuqua School of Business at
Duke University, and a bachelor's
degree in accounting from Indiana
University.
About Visteon
Visteon is a leading global automotive
supplier that designs, engineers and manufactures innovative
climate, interior and electronic products for vehicle
manufacturers. With corporate offices in Van Buren Township, Mich. (U.S.); Shanghai, China; and Chelmsford, UK; the company has facilities in
28 countries and employs approximately 22,000 people. Learn more at
www.visteon.com.
SOURCE Visteon Corporation