BorgWarner Appoints Brady Ericson as and CEO Chris Gropp as CFO For The Spun-off company PHINIA Inc
BorgWarner (NYSE: BWA) announced Brady Ericson will serve as President and CEO, and Chris Gropp will serve as Executive Vice President and CFO of the separate, publicly traded company that will result from completion of the previously announced proposed spin-off of BorgWarner’s Fuel Systems and Aftermarket segments.
BorgWarner also announced today that the intended company name is “PHINIA Inc.” (“PHINIA”). The proposed spin-off is expected to be completed in late 2023.
PHINIA Inc. will focus on fuel systems, starters, alternators and aftermarket distribution with balanced and synergistic exposure among Commercial Vehicle, Light Vehicle, and Aftermarket end markets.
Brady Ericson began his career at BorgWarner in 2000 and has served as Vice President of BorgWarner and President and General Manager of BorgWarner Fuel Systems and Aftermarket since March 2022.
Chris Gropp started her career at BorgWarner in 2001, serving most recently as Vice President of Finance for Fuel Systems and Aftermarket since 2020.
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