PLYMOUTH, Mich., Nov. 8, 2023
/PRNewswire/ -- Adient (NYSE: ADNT), a global leader in automotive
seating, today announced that Doug Del
Grosso has elected to retire as president, chief executive
officer (CEO) and a director of Adient's Board of Directors,
effective Dec. 31, 2023.
Upon Del Grosso's retirement,
Jerome Dorlack, currently Adient's
executive vice president and chief financial officer (CFO), will be
appointed president and CEO as well as a member of Adient's board.
Mark Oswald, currently Adient's vice
president, treasurer, investor relations and corporate
communications, will be appointed executive vice president and CFO,
succeeding Dorlack.
"Since joining the company in 2018, Doug has been instrumental
in establishing a strong foundation for Adient through his
strategic direction and unwavering focus on operational excellence.
His leadership has resulted in outstanding operational and
financial improvements. The Board sincerely thanks Doug for his
exceptional contributions and we look forward to a smooth
transition and continued success under Jerome's leadership," said
Fritz Henderson, non-executive
chairman of Adient's Board of Directors.
"It has been an honor to work with the Adient team and lead this
great company. I am truly proud of everything we have
accomplished," said Del Grosso.
"Looking ahead, Jerome has a proven track record of success at
Adient, having successfully led our Americas operations and served
as CFO. He is the ideal leader to continue Adient's long-term
success."
"First and foremost, I want to thank and recognize Doug for his
contributions to Adient over the last five years and the foundation
he has put in place. I am honored to be appointed president and CEO
of Adient. The company has a legacy of maintaining strong
relationships with our customers and offering industry-leading
seating products. I look forward to building on the positive
momentum established by Doug and continuing to drive the business
forward," said Dorlack.
About Adient:
Adient (NYSE: ADNT) is a global leader
in automotive seating. With approximately 70,000+ employees in 29
countries, Adient operates more than 200
manufacturing/assembly plants worldwide. We produce and deliver
automotive seating for all major OEMs. From complete seating
systems to individual components, our expertise spans every step of
the automotive seat-making process. Our integrated, in-house skills
allow us to take our products from research and design to
engineering and manufacturing — and into millions of vehicles every
year. For more information on Adient, please visit
www.adient.com.
ADNT-FN
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SOURCE Adient