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Wednesday, February 21, 2024
CEOWORLD magazine - Latest - Banking and Finance - Adient Comes with a new Succession Plan

Banking and Finance

Adient Comes with a new Succession Plan

Adient has announced the retirement of Doug Del Grosso from his roles as President, Chief Executive Officer (CEO), and Director of Adient’s Board of Directors, effective from December 31, 2023.

Following Del Grosso’s retirement, Jerome Dorlack, who currently serves as Adient’s Executive Vice President and Chief Financial Officer CFO, will assume the roles of President and CEO, in addition to becoming a member of Adient’s Board. Mark Oswald, the current Vice President for Treasurer, Investor Relations, and Corporate Communications at Adient, will be promoted to the position of Executive Vice President and CFO, succeeding Dorlack.

Adient (NYSE: ADNT) is a prominent figure in the automotive seating industry. With a presence in 29 countries and a workforce of approximately 70,000+ employees, Adient operates more than 200 manufacturing/assembly plants worldwide.

Fritz Henderson, the non-executive Chairman of Adient’s Board of Directors, expressed appreciation for Doug Del Grosso’s significant contributions to the company since his arrival in 2018. Del Grosso’s strategic leadership and commitment to operational excellence have laid a strong foundation for Adient, resulting in notable operational and financial enhancements. Henderson conveyed the Board’s gratitude for Doug’s exceptional contributions and expressed confidence in a seamless transition under Jerome Dorlack’s leadership.

Doug Del Grosso also shared his appreciation. Jerome Dorlack, the incoming President and CEO, acknowledged Doug’s contributions to Adient over the past five years and the strong foundation he has established. Dorlack expressed his honor in being appointed as President and CEO, emphasizing Adient’s history of strong customer relationships and industry-leading seating products. He looks forward to building on the positive momentum established by Doug and driving the company forward.

 

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CEOWORLD magazine - Latest - Banking and Finance - Adient Comes with a new Succession Plan
Anna Siampani
Anna Siampani, Lifestyle Editorial Director at the CEOWORLD magazine, working with reporters covering the luxury travel, high-end fashion, hospitality, and lifestyle industries. As lifestyle editorial director, Anna oversees CEOWORLD magazine's daily digital editorial operations, editing and writing features, essays, news, and other content, in addition to editing the magazine's cover stories, astrology pages, and more. You can reach Anna by mail at anna@ceoworld.biz